Several Pool Offerings Available for Sale!
Improve Your Portfolio Performance in 1st Quarter 2023
Pitchers and catchers began spring training practice this past week and before you know it, the spring market will be right around the corner. Will your institution be prepared to increase your commercial real estate or residential loan volume for your balance sheet this spring or, do you need an alternative due to the current lack of loan origination volume and low housing inventory? If so, the SCA Mortgage Exchange, a mortgage banking advisory group has several pools of loans available for bid, to fill that niche.
The SCA Exchange is currently offering a Commercial real estate pool comprised of 25 loans in the amount of $66.7M. The pool may be purchased at 100% or negotiated as a participated split with the Seller. The WAC =6.1%, DTI = 2.32, FICO = 718, LTV= 82.53.
The second pool for sale is comprised of 475 Fixed and Adjustable Rate mortgages with an Unpaid Principal Balance of $236.0M. This pool may be purchased in whole or split in $5M minimum increments. The WAC =4.318%, LTV =74.61, DTI =36.21, FICO =750.
The Exchange was notified that a Community Bank is looking to sell both Fixed and Adjustable-Rate Jumbo mortgages. Bids are based on the asset sale only and the mortgage servicing rights will be retained by the Seller. The Seller has a pool of Fixed Rate Jumbo mortgages totaling $5M.
Bids on the first two pools are due no later than 5:00PM on Thursday, March 9, 2023.
If you are looking to enhance your balance sheet with mortgage assets and require additional information on this package or other upcoming offerings (Purchase/Sell) that you may be interested in through the SCA Mortgage Exchange, please contact Bill Dolan, Director at (617) 694-2617 or email at: Wdolan@scapartnering.com
Disclaimer of Liability and Accuracy of Data
The information contained in this offering is based on data provided by the Seller. Every effort has been made to provide information and data that is current and accurate. Nevertheless, inadvertent errors in information may occur. The information contained in this offering has been supplied to the SCA Mortgage Exchange by the Seller and no warranty or guarantee is expressed or implied, and the Purchaser’s offer to purchase should be subject to its personal examination and due diligence of the Seller. SCA Mortgage Exchange gives no assurance or warranty that information is current and accurate and take no responsibility for matters arising from changed circumstances or other information or material which may affect the accuracy of information in this offering. Seller reserves the right to reject any, and all bids.
