. Commercial Banks (Domestic and International)
. Commercial Finance Companies
. Commercial Leasing Companies
. Real Estate Investment Trusts (Mortgage and Equity REITs)
. Institutional Investors
. Credit Unions
. Investment Banks
. Insurance Companies
. Corporations With Portfolios Of Non-Core Assets
. Securitization Markets
The servicing of special assets is disproportionately resource-intensive and disruptive to your normal course of business. Elimination of problem assets can allow your staff to re-focus on primary business lines.
Sub-prime assets typically hamper the risk profile of the lending company. Receiving a lower risk rating can compromise your organization's ability to attract capital. Because solid balance sheet management and its related profitability are of the highest importance to financial institutions, periodic loan sales can be an efficient and cost-effective vehicle to improve your credit rating.
Sales of distressed loans create predictable outcomes for assets that currently have uncertain cash flows. By liquidating these assets, you avoid unforeseen variations in cash flows, recognize present value and create liquidity for your firm.
If your collection department does not have expertise specific to distressed assets, the resulting higher cost of collections can negatively affect portfolio performance. By selling your sub-prime loans and distressed assets, you eliminate the disproportionately high costs associated with servicing these credit-intensive assets.
Selling your under-performing or non-performing assets to clean up your books is necessary from time to time. Here are a few reasons why you should contact FirstCity first:
As a non-bank institution, FirstCity provides creative and innovative solutions to the seller relative to the resolution of problem asset portfolios. In addition, FirstCity has the ability to structure transactions in both the public and private sectors to meet a wide variety of objectives.
FirstCity uses sophisticated pricing models to carefully measure investment risk and return. We rely on a network of experienced associates ranging from loan underwriters and managers to structured finance and legal experts to identify creative solutions, often eliminating unnecessary acquisition expense and risk that results in a higher recovery to the seller.
Efficient transaction time and the ability to find value in loans across several industry segments are important factors in the secondary market. FirstCity employs both international and domestic teams to respond quickly to your needs. Our due diligence teams contain both industry specific and multi-discipline underwriters, so the acquisition process moves along at a fast pace.
Think you need to pool several assets of the same type together before selling them? Think again. FirstCity's investment profile spans a wide range of asset types, including owned real estate, tax liens, unsecured loans, and loans secured by commercial mortgages, residential mortgages, business assets, commercial leases, and agricultural land, equipment, and livestock.
Since 1991, FirstCity has developed strategic alliances with premier capital partners, giving FirstCity access to the additional capital demanded for large transactions or transactions with unusual capital requirements.
Whether you represent a bank, private investment firm, savings bank, credit union, single investor, or other entity, a discreet transaction process can be an important part of your relationship with a potential buyer. FirstCity understands this need and includes it as a necessary ingredient to ensure the preservation of its long-term relationships.
FirstCity's longevity in the secondary and distressed loan market is a testament to the soundness of our business model. Our experience in the purchase of competitively bid and privately negotiated portfolios allows us to use proven methods to maximize asset value, resulting in the highest possible economic returns to the seller.