$33.5 Million Mixed Performance DSCR Portfolio – 801362

Bid Deadline: March 1, 2024

MIAC Analytics is pleased to announce this exclusive offering of DSCR investor loans. The seller is a non-bank Lender. Recent BPOs have been run on approximately 55% of the population. The loans are being offered in two pools; a Performing Pool (75% of UPB), and a Non-Performing Pool (25% of UPB). Investors can bid on the whole portfolio, on specific Pool(s), and/or on individual assets.

Investment Opportunity:

  • Collateral Type: DSCR Investor Loans
  • Delinquency: 75% Performing, 25% Non-Performing
  • Servicing: Released
  • Pricing Indication: Aggregate expectations for entire portfolio M80s to L90s, Please reach out to discuss carves
  • Lien Position: 1st Liens
  • Geography: NY(31%), NJ(15%), CA(11%), IL(6%), FL(6%), TX(5%), Others (26%)

 

All Loans  Performing  NPL
% of Portfolio 100.0% 75.0% 25.0%
Count 95 77 18
UPB $33,493,552 $25,112,841 $8,380,711
Avg UPB $352,564 $326,141 $465,595
WAC 5.526% 5.407% 5.885%
WA FICO 727 736 699
WA DSCR 1.277 1.262 1.323
WA Orig LTV 67.3% 67.5% 66.6%
WA Current LTV (FHFA Adj) 61.1% 60.2% 63.7%
WA Orig Term 360 360 360
WA Seasoning (Mos) 22 25 11
WA Prepay Term 58 58 55
WA IO Term 22 24 17
IO % 32.81% 36.75% 21.00%
WA Orig Date 10/8/2021 11/19/2021 6/6/2021
WA Next Due 9/11/2023 2/14/2024 5/31/2022

Find out more

Learn more about MIAC Whole Loan Sales & Brokerage

Contact

For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250

Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com

Nicholas Dorn
SVP, Whole Loan Sales, Trading
(561) 346-6814
Nicholas.Dorn@miacanalytics.com