MIAC is pleased to offer on behalf of a Fund a $12mm portfolio of both short duration rehab/bridge loans and 30YR rental loans all secured by residential properties.
Of the 15 loans, two are Blanket loans, crossed with multiple properties as indicated on the tape. 25% of the pool is 30 YR Fixed-Rate with a 5.78% GWAC, and 5-year prepayment protection. The remaining 75% are Bridge are 12 or 16 month interest-only loans with a 7.83% WAC. All loans include a personal guarantee, warm body.
The loans are new origination, performing loans, and there is one unit that is due for February. These loans are being offered on a servicing retained or released basis. Retained is preferred. Seller will provide usual and customary reps and warrants.
MIAC is soliciting an all-or-none bid subject to Due Diligence. Please contact your MIAC sales representative for additional information at (212) 233- 1250, or Steve Harris@miacanalytics.com.
US Bridge Investment Opportunity
- Original Balance: $8,909,306
- Unpaid Principal Balance: $8,994,306
- Loan Count: 8
- Average Loan Size: $1,124,288
- Gross WAC: 7.83%
- Net WAC 6.77%, Net of interest strip to originator – negotiable
- Geographic Concentration: Nationwide
US Fixed Rate Investment Opportunity
- Original Balance: $3,076,350
- Unpaid Principal Balance: $3,075,724
- Loan Count: 7
- Average Loan Size: $439,479
- Gross WAC: 5.78%
- 5 Year Prepayment penalty, 5,4,3,2,1
- Geographic Concentration: Nationwide
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Learn more about MIAC Whole Loan Sales & Brokerage