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27 Feb 07 – Performing Business Purpose Loans collateralized with Mixed Use, Residential or Commercial Collateral

Category: REO Packages

Attached is a tape of Performing Business Purpose Loans collateralized with Mixed Use, Residential or Commercial Collateral. All the pertinent information on these loans are on the tape. Also attached is a code list to effectively read the tape as well as a Field Description list which explains all the columns. Finally, a one-page tape summary is also attached.

Sanitized Master FileSanitized Master File

The tape has several outstanding features:

1) Excellent LTV of 60-65

2) Coupon rate of 14%. (This is double the coupon rate of 7%, which is considered normal for most performing pools).

3) Bids can be made on the entire package ($18 m) or carved out in packages of $5 m and up.

 


Process:


(1) To get an unsanitized version of the tape, please submit POF and and LOI made out to Alternative Business Credit.

(2) Bids are due by the close of business Eastern time next Monday, March 3rd, 2008.

(3) Please fax bids to 925-397-3100

(4) This tape is not authorized for further distribution without written permission from BankREOPropertyDeals.com


If you have any further questions, our contact information is below.

Sincerely,

Harsh Jadhav

Commerical Property Sanitized Tape Bulk REO 3 March

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