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Asset Purchase
Promisor Asset Purchase program carries the benefit of reducing your financial institution's loss severity by purchasing all or part of the defaulting or performing loan and distressed asset pool for cash, offering immediate balance sheet resolution.
As managers to established funds of hundreds of millions of dollars, Promisor is ready to purchase REO and 1st-position loans for residential collateral, even for properties only 80% complete. Through a three-phased due diligence approach, Promisor will swiftly develop a current-market-value-based offer structured as a full sale, partnership or shared risk program.
PHASE I: MARKET ANALYSIS - Assessing the strengths and weaknesses of regional,
local and neighborhood real estate markets...
- Inventory - what's
on the market and for how long.
- Velocity - buyer
and Seller activity analysis.
- Trends - reviewing
the recent market history.
- Economic Environment - contributing economic factors such as employment,
demographics, taxes, and local closing, carrying and transactional costs.
- Market Forecasting - applying the analysis of inventory, velocity, trends and economic environment.
PHASE II: VALUATION - Utilizing Promisor's proprietary BPO reporting platform and our
network of proven real estate professionals...
- Broker Price Opinions - including site inspections, commentary on market conditions,
examination of competing listings, analysis of recent comparable sales,
and targeted recommendations for list and likely sale prices.
- Title Review - leveraging national relationships to pull title reports and examine the history of liens and encumbrances.
PHASE III: MODELING AND FORECASTING - Thoroughly calculated options followed
by recommendations for the most appropriate, cost-effective and
risk-averse exit strategies...
- Return -
comprehensive analysis of the market and property valuations to
recommend the best profit options.
- Cash Flow - cross-functional analysis of the likeliest outcomes.
- Exit Strategy - recommending the avenues toward reaching the desired goals.
PROCESS PARTNERS MANAGEMENT - Utilizing Promisor's network of preferred providers,
following best practices and achieving best results...
- Real Estate Brokers
- in a relationship business, Promisor's network of trusted partners is
built on quality, not on brand or other considerations.
- Loan Servicing -
closely managed preferred servicers providing results, focused on swift
action through recovery.
INVENTORY MANAGEMENT - Applying Promisor's core competency in residential real estate...
- Experience - a
dedicated team of licensed, savvy asset managers.
- Analysis -
knowledge of markets across the country and the psychology of buyers.
- Intelligence - setting and reaching the appropriate goals.
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