Maturity-default paper. And select NPLs.
A private-treaty balance-sheet buyer for non-bank originators, aggregators, and warehouse facilities. We bid at the top of the market, and your tape is never shopped.
What we buy.
Our specialty is first-lien maturity-default paper — and we price to win the tape. We also acquire legacy non-performing and sub-performing debt as a secondary focus.
Maturity-Default Paper
- 01 Bridge, construction, and investor debt past its contractual maturity
- 02 Stalled balloon obligations where the underlying asset remains strong
- 03 First-lien commercial mortgage notes
Legacy NPLs & Sub-Performing
- 04 Monthly payment defaults
- 05 Scratch-and-dent securitization pull-backs
- 06 Non-performing tranches prior to maturity
The box, precisely.
| Property types | Multifamily · Light Industrial · CRE · Residential Investor / DSCR |
|---|---|
| Occupancy | Strictly non-owner-occupied |
| Transaction scale | $1,000,000 – $100,000,000+ UPB |
| Risk layer | Current LTV under 50% |
| Position | First lien |
| Markets | New York · New Jersey · Pennsylvania · Florida |
| Structure | Private treaty only — never public auction |
Committed, discretionary capital.
Tape underwriting
Data-tape review and pricing inside 72 hours — no committees, no queue.
LOI insulation
Non-binding pricing before any buyer-funded diligence. You see our number first.
Ten-day close
Cash-settled closings under master LSAs, funded from committed discretionary capital.
Who we work with.
Every conversation begins and ends in confidence.
Tape to wire, on a calendar.
NDA
Executed same day. Your portfolio is never shopped.
Data tape
Secure transfer and immediate analysis by our underwriting team.
Indicative bid
Top-of-market pricing delivered within 72 hours of tape receipt.
Diligence
A defined scope on a defined calendar — typically two to three weeks.
Close
MLPA execution, custodial delivery, and wire on the scheduled date.
We do not re-trade.
The bid you accept is the price that wires. Diligence confirms; it does not renegotiate.
We do not shop your tape.
Your data stays inside our underwriting team, under NDA, without exception.
Proof of funds, on request.
Principal capital, verifiable before you commit a single document.
Selling a portfolio?
Send a high-level summary — asset class, UPB, and geography. We will respond within two business days.
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