MountainView Closes $110 Million Trade of Second Liens
Denver (January 5, 2011) – MountainView Capital Group, an advisor to buyers and sellers of residential whole loans, has facilitated the purchase of approximately 2,500 performing second-lien closed-end loans and home equity lines of credit. The loan portfolio had an unpaid principal balance of $110 million and a nationwide geography. MountainView represented a buyside institution in the acquisition of these assets from a mortgage originator.
“This trade reflects increasing demand for performing second-lien loans,” according to Jonas Roth, a managing director at MountainView Capital Group. “Market participants seek quality, in the form of continuing performance, to achieve their return targets. Current real estate values are reviewed but are of secondary importance in relation to the borrowers’ credit profile and ability to remain current on their payments. We continue to see robust activity in this sector as sellers recognize true value in the disposition of these assets.”
MountainView Capital Group consistently sources significant loan product volumes from sellers. It also has a large network of buyers who purchase at aggressive market levels.
While MountainView Capital Group and its predecessors have been trading all types of residential whole loans for more than 20 years, the firm’s strength is continuously identifying opportunities in specific niches of the secondary mortgage market. This search serves a multi-layered platform, seeking assets for the MountainView Mortgage Opportunities Funds, and also bringing together a wide range of other buyers and sellers.
About MountainView
Headquartered in Denver, MountainView Capital Holdings is a financial services firm focused on the diverse needs of participants in the mortgage and fixed income capital markets. With expertise in asset management, valuation, risk management, trading, marketing and sales, MountainView is uniquely qualified to create value in all market conditions, and the firm continues to build on a longstanding commitment to offer a broad range of services.
Media Contact
Troy Rusniak | 303-870-8235 or trusniak@mvcg.com