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04-20-2016, 01:37 PM #1
- Join Date
- Oct 2012
- Posts
- 142
Performing auto loan portfolios & secured skip accounts
We have (2) clients that are seeking portfolios in different areas of the auto industry.
The first one is looking to purchase performing auto loan portfolios with the following criteria:
1). Portfolios of $1M+
2). Can be BHPH or auto finance company originated
3). Prefer monthly pay, but will consider all payment modes except weekly
4). The LTV prefers to be 150% or less, and the pricing for such is in the 85%-90% of the current principle balance
The second client is looking to purchased secured skip accounts, and will buy as few as 6, with no upper limit. Price paid ranges to 10% of the principle balance.
A fee will be paid should either of these two requests are met.
Howie Dane
President
Funding Sources for Business
(866) 573-3273
president@fundingsourcesforbusiness.com
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