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Pools & Portfolios

You hear of a pool of commercial leases or loans that might be for sale and you'd like to get a referral fee. We're looking for various type of pools and portfolios:
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$300,000 to $20 million
Small, medium or large ticket
Various equipment types
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Performing or distressed
Fast closings
Trucks & trailers
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Example: Pool of used truck & trailer financings
Equipment: User commercial trucks, 2 to 7 years old
Size: $1 million
Term: 60 Mos.
Structure: 28 months weighted average remaining term
Hurdles to transaction:
- Small, weak obligors, no recent credit reports
- Unknown condition of trucks & trailers
- Declining portfolio performance
- Incomplete portfolio data from servicer
- Quick funding required, all of nothing
Reasons for approval:
- Portfolio owner/services has audited financials
- Obligor files and titles are in good order
- Good secondary market for trucks & trailers
- Sufficient accurate porfolio data
Summary:
We reviewed portfolio data and a sampling of files then estimated the value of the trucks and trailers. We offered to buy the pool at a discount that was acceptable to buyer. We quickly prepared documents and funded the purchase.
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