Portfolio Acquisitions
Analysis | Negotiations | Due Diligence | Systems | Servicing | Accounting | Reporting
Allegiant buys and services pools and portfolios that meet certain ROE requirements. These are purchased from banks, the FDIC, brokers and other financial service companies. Portfolios are distressed or performing. Acquisitions range from small $300,000 pools to portfolios with $20 million in receivables. Allegiant has a unique relationship with a New York private equity firm that can provide capital for large acquisitions. Allegiant pays referral fees on acquisitions.
Often, a short time frame is required for purchasing portfolio assets. The initial assessment, negotiations, due diligence, documentation and funding must be completed within a short window of time and often without all of the information we would like to have.
We develop a budget and projections for each acquisition. After funding, the accounts are converted to our finance accounting system with service and GL capabilities.
We service portfolios for our own account and on behalf of other lenders and investors. Servicing is performance driven and includes billing, collecting, litigation, customer service, accounting, reporting, credit and executive functions.
Advisory Services
The Allegiant team has decades of experience in buying and selling transaction and portfolios - both large and small, simple and complex. We provide analysis, negotiations, due diligence, data conversion, systems and procedures for buying and servicing transactions and portfolios.
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