For financial institutions seeking to generate
immediate liquidity and not seeking to outsource retail sales to
our organization, we will purchase smaller sized portfolios of REOs
and non-performing mortgages that are priced accordingly.
Desired Criteria
- Fractured Condominium Projects discounted by 30% or more below
existing fair market value (FMV: $250,000 or less per unit)
- Single family residences discounted at 50% or more below
existing fair market value (FMV: $250,000 or less per unit)
- Non-performing mortgages on single family residences discounted
at 50% or more below existing fair market value (of the underlying
real estate - FMV: $75,000 - $200,000 or less per unit)
- Non-performing commercial loans on multi-family projects
discounted at 50% or more below fair market value (of the
underlying real estate)
- Primary Markets: Florida, Ohio and Pennsylvania
- Secondary Markets: Metropolitan United States, London, United
Kingdom and Costa Del Sol, Spain
BridgePoint Acquisition Process
- Letter Of Intent
- Refundable Deposit
- Due Diligence Process - 21-28 days
- Closing - Conventionally 30 days from letter of intent
Exit Strategy
- REOs: Our strategy is threefold:
- Renovate and resell to first time homebuyers
- Renovate and convert property to rental property
- Resell property to retail investor and oversee renovation and
asset management of property thereafter
- Non-Performing Residential Mortgages: We apply
the following methodology toward NPM's:
- Attempt to restructure mortgage through forgiveness of
principal
- Short sale property
- Deed in Lieu
- Foreclose
- Once DIL or foreclosure is complete, We take post-foreclosure
real estate and apply the REO strategy to the applicable
asset.
If you are a bank, a financial institution, fund or
private seller seeking to dispose of a portfolio of REO's or
non-performing mortgages click here