Home / Headlines / MountainView Brings $97.4 Million Residential Whole Loan Pool to Market
Print This Post Print This Post

MountainView Brings $97.4 Million Residential Whole Loan Pool to Market

MountainView Financial Solutions, a Situs company and an advisor to the financial services industry, announced its role as the exclusive sale advisor for a pool of 1,667 first- and second-lien performing and non-performing loans with a total balance of $97.4 million. MountainView is accepting indicative bids for the offering until 2:00 p.m. EDT on April 3.

The pool is being segmented into four sub-pools: 1,060 second-lien performing loans with a total balance of $47.9 million; 294 first-lien performing loans with a total balance of $28.4 million; 265 secured, second-lien non-performing loans with a total balance of $15.4 million; and 48 first-lien non-performing loans with a total balance of $5.7 million. Bidders have the flexibility to bid on the entire pool or any of the four sub-pools.

"It's rare to see such a large amount of second-lien performing loans in the market, so we expect a high level of interest in this sub-pool from banks and other frequent buyers of seconds," said Jonas Roth, a Managing Director at MountainView and one of the lead advisors on the sale. "We also expect aggressive competition for the other sub-pools from investors who focus on specific product types. Due to high demand, seasoned residential assets, whether performing or non-performing, are getting bid to record low-level yields."

MountainView Financial Solutions, an advisor to the financial services industry, delivers rigorous and objective analysis, data-driven insights and client-centric services that help business leaders climb higher by better identifying, quantifying, and managing credit and interest rate risk exposure and optimizing balance sheet management. Situs is a global provider of strategic business and technology solutions to the real estate industry. Situs has been involved in more than $1 trillion of real estate debt and equity deals across the U.S., Europe, and Asia, and has acquired a number of platforms.

The seller for the pool of loans is an East Coast-based fund.

 

 

About Author: David Wharton

David Wharton, Online Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@DSNews.com.
x

Check Also

Castle Law Defendants Awarded $1.9M in Legal Fees

Discussing his clients’ victory, Larry Pozner, the lead defense attorney in the case, said, “How dare the state tell a law firm what quality it must hire or what sacrifices it should make to please the state. The clients were satisfied with the services they were receiving.”

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.