Non Performing Loans – Brickell Capital

NON-PERFORMING LOANS

AN “ALTERNATIVE INVESTMENT” TO STOCKS, BONDS AND CURRENCY MARKETS

VOTED “TOP 20”
MORTGAGE LENDER IN SOUTH FLORIDA

VOTED “TOP 20”
MORTGAGE LENDER
IN SOUTH FLORIDA

brickell capital was voted top mortgage lender by South Florida Business Journal (South Florida’s leading news outlet for residential and commercial real estate, banking, finance and business news).

Our investment objective is to seek strong risk-adjusted returns with a minimum annualized rate of return of twenty-five percent (25%) or more over the investment term (usually 6m to 24m) on the capital invested.

WHAT IS A NON-PERFORMNG LOAN ?

A non-performing loan (NPL) is a mortgage loan in which the borrower has defaulted on a schedule payment or breached the terms of the loan documents. Generally, a loan is consider to be “non-performing” if the borrower is past due by more than 90 days.

WHY BANKS SELL LOANS ?

When a borrower stops making payments, the bank can either initiate a foreclosure or it can sell the loan to a private investor.

Generally, most banks sell loans in order to free up capital and focus their resources on income generating performing loans.

In addition, when a bank has too many non-performing loans on their balance sheet, it poses a cash flow and regulatory problem (i.e. mandatory reserves, banking oversight, etc.).

HOW WE EXPLOIT BANK INEFFICIENCIES ?

The banks are not set-up to efficiently service non-performing loans, manage the foreclosure process, conduct property management and/or sell real estate owned (REO) properties.

It is our goal to exploit these market inefficiencies for the benefit of our clients and investors.

OUR COMPETITIVE ADVANTAGE
NON-PERFORMING MORTGAGE LOANS

brickell capital’s competitive advantage in achieving favorable outcomes is based on:

local and national bank relationships
extensive risk analysis
strict underwriting guidelines
borrower and collateral analysis
defined borrower exit strategies
loan workout knowledge
foreclosure litigation experience
local property market expertise
adherence to value parameters
loan servicing administration
REO management

OUR PURCHASING GUIDELINES

Our criteria for purchasing non-performing loans:

$500,000+ min loan size
< 50% loan to value
First-Lien Mortgages
Targeted Geographical Areas
Non-Homestead (Investment) Properties
Payment Defaulted Loans
25% Default Interest
Hazard Policy and Title Policy (Insurable)

TARGETED PROPERTY TYPES

We only purchase non-performing loans where the underlying collateral is one of the following property types:

Single Family Residences
Residential Condominiums
Luxury “Spec” Homes + Townhomes
Residential New Construction
Vacant Land
Multi-Family Apt Buildings
Warehouses

VOTED “TOP 20”
MORTGAGE LENDER IN SOUTH FLORIDA.

VOTED “TOP 20”
MORTGAGE LENDER
IN SOUTH FLORIDA.

brickell capital puts our client’s interests first,

because without our clients…
brickell capital would not be in business.

brickell capital
puts our client’s interests first,

because without our clients… brickell capital would not be in business.

15% PREFERRED RETURNS

On non-performing loans, our private investors net

15% preferred returns (on invested capital)
3m to 12m investment term (avg)
$500,000+ minimum investment

On non-performing loans, our private investors net

15% preferred returns (on invested capital)
3m to 12m investment term (avg)
$500,000+ minimum investment

OUR INVESTMENT APPROACH

No excuses … we deliver results

The reason for our success:

extensive due diligence
superior underwriting
foreclosure litigation experience
structured exit strategies

No excuses … we deliver results

The reason for our success:

extensive due diligence
superior underwriting
foreclosure litigation experience
structured exit strategies

NON-PERFORMING LOANS
FOR INVESTORS SEEKING HIGHER RETURNS

brickell capital’s competitive advantage in achieving favorable outcomes is based on:

long-term relationship with banks
local property market knowledge
strict underwriting experience
borrower and collateral valuation analysis
adherence to value parameters
NPL risk score analysis
detailed investor reports + statements
extensive foreclosure + litigation experience
structured loan workout administration
REO management