MountainView Advising on $106 Million NPL Sale
Denver (Oct. 31, 2016) – MountainView, a leading provider of residential whole loan transaction advisory services, is the exclusive sale advisor for a non-performing first-lien residential mortgage loan offering with $106,825,324 of unpaid principal balance. Bids for the offering are due Nov. 8.
The pool of 641 loans has a total real estate value of $96,441,220, based on broker price opinions, and 85 percent of the loans are for single-family residential properties. The top states for these mortgages are New Jersey (18 percent), New York (11 percent), Florida (8 percent), Maryland (6 percent) and Illinois (5 percent).
The loans are being sold by a residential mortgage loan asset manager.
“Our client continues to be one of the most active players in the distressed residential whole loan space,” said Jonas Roth, a managing director at MountainView and one of the lead advisors on the sale. “Over the last few years, they have become a programmatic seller of both NPLs and RPLs, and this pool represents a small subset of their overall portfolio.”
About MountainView’s Residential Whole Loan Transaction Advisory Services
The Transaction Advisory team at MountainView Capital Holdings has been a residential whole loan transaction advisor since 1993. In 2015, the team closed 375 deals involving $1.5 billion of UPB. Through the first three quarters of 2016, the team closed 267 deals involving $811 million of UPB.
About MountainView Capital Holdings
Denver-based MountainView Capital Holdings, through its business units, offers a diverse set of critical risk management and advisory services to a broad group of institutional participants in the financial services industry. Our suite of flexible and customizable services was developed in support of key institutional risk functions and to provide trading and investment opportunities. Visit MountainViewCapitalHoldings.com to learn about the services and credentials of each MountainView business unit.
Troy Rusniak | 303-870-8235 or firstname.lastname@example.org