Investment Amount

Single Asset Sale : $500,000 minimum - No Limit
Portfolio Asset Sale : $1,000,000 - No Limit

Number of Assets

Single Asset - No Limit

Asset Classification

FirstCity concentrates in the area of commercial assets. Core investment classifications include:
- Commercial Mortgages
- Fee Simple Interest In Real Estate
- Leasehold Interest In Real Estate
- Business Loans
- Commercial Lease Obligations

Asset Quality

Asset quality (typically related to performance status) varies, but includes:
- Distressed
- Sub-prime
- Non-performing
- Sub-performing
- Performing
- Charge-offs
- Foreclosures
- Real Estate Owned
- Non-institutional
- Management Intensive
- Chapter 11 and 13 bankruptcies
- Environmentally Challenged

Collateral

Most portfolios acquired by FirstCity are secured by collateral such as:
- Real Property
- Business Assets (A/R, Inventory, FF&E, M&E)
- Leasehold Interests
- Negotiable Instruments
- Assignments Of Rights
- Contracts
- Vehicles (Commercial or Passenger)
- Intangibles
- Personal Guarantees
- Debt obligations that are unsecured are sometimes purchased as part of a larger secured portfolio.

Collateral Location

FirstCity has active acquisition and servicing platforms in the United States , Mexico , Latin America and Europe .

Acquisition     Pricing

FirstCity's pricing is dependent on the size of transaction, the geographic location and credit quality of assets being sold. FirstCity employs a disciplined approach to asset or portfolio valuation. Generally, each asset is analyzed and a projected cash flow developed. In concert with the capital acquisition structure of the transaction, the aggregate projected cash flow of the portfolio is discounted at a rate commensurate with the risk profile associated with the particular portfolio to determine the purchase price.

Timeline

FirstCity staffs international and domestic teams of qualified personnel to respond quickly to a seller's needs. The overall size of the potential portfolio purchase transaction will dictate the amount of time required to develop a price proposal. For example, a traditional portfolio acquisition with 100 assets will usually require two to three weeks to complete due diligence, inspect collateral, and prepare a formal letter of intent. Single asset acquisition timelines vary, but a commitment can usually be reached within a few days. While several external factors may extend these processes, FirstCity maintains the resources necessary to ensure immediate attention is given to every qualified opportunity.