Looking to Buy Participation Loans
Sioux Empire Federal Credit Union
Sioux Empire FCU in Sioux Falls, SD is looking to expand their loan portfolio by purchasing up to 90% positions in some consumer loans. We are not able to, nor interested in, participating with any commercial, business or agricultural loans. Our interest lies in fully-amortized, secured consumer loans, i.e. new/used cars or trucks or boats or campers or motorcycles with terms up to a maximum of 72-84 months. Variable or fixed rates would be considered. All other terms and conditions are negotiable on a case-by-case basis. To begin this mutually-rewarding partnership, contact Jeff Jorgensen, President at 605-275-1701.
Kansas City Credit Union
Fully amortizing consumer loans (new/used car, boat, trucks, campers, motorcycles), maximum term 72-84 months. Please contact Eric Jones, CEO at 816-921-6601
New and Used Autos
Kansas City Credit Union
Consumer loans. Amount: Max $1,000,000 Term: Max 72 months Percentage: 90% LTV: Max 115%
New and used auto (direct only), 1st and 2nd residential property mortgages
MidUSA Credit Union
MidUSA Credit Union in Middletown, Ohio is looking to expand their loan portfolio by purchasing up $5,000,00.00 in consumer loans. We are interested in loans secured by new/used cars and trucks, and residential property (1st and 2nd mortgages) . Maximum term of 84 months on auto and maximum term of 360 months on mortgage loans. Fixed rate loans are preferred, however, variable rates may be considered.
Looking to Sell Participation Loans
Commercial loan - 1 Real Estate Secured and 1 Equipment Secured
Notre Dame Federal Credit Union
• Plastic Injection Molding company in Northern Indiana • Diversified customer base • In operation since 1983 & owned by existing mgmt since 2005 • Global Debt Service Coverage as of 12/31/17: 1.75x Ln 1: Borrower: R/E Holding LLC for a 30+ year Plastic Injection Molding mfg co in Northern Indiana Loan Type: Owner Occupied Comm R/E Loan Loan Amount: Up to $1,000,000 Comm R/E Loan Rate: Fixed for 5 year balloon at 4.95% or fixed for 7 year balloon at 5.20% Amortization: 20 yrs Payment Structure: Prin & int payments monthly Collateral: 1st REM on industrial mfg facility with a max loan to value of 80% Guarantees: Full Corp guarantee from Operating Entity, Full personal guarantee from Business Owner Loan Requirements: New appraisal to be obtained on r/e with a max loan to value of 80%. Phase I environmental Analysis furnished by borrower Ln 2: Borrower: 30+ year Plastic Injection Molding mfg co in Northern Indiana Loan Type: Equipment Term Loan Loan Amount: $615,000 Equipment Term Loan Rate: Fixed for 7 years at 5.20% Amortization: 7 years (fully amortizing) Payment Structure: Prin & int payments monthly Collateral: 1st REM on industrial mfg facility with a max ln to value of 80% Guarantees: Full Corporate guarantee from Real Estate Holding Entity, Full personal guarantee from Business Owner Loan Requirements: Equipment appraisal to be obtained with orderly liquidation value not to exceed ln amt (less any prior PMSI liens)
Consumer Loans, Residential 1st Mortgages
First Financial Credit Union
Up to 90% interest in New/Used Autos or Residential 1st Mortgages
Residential Real Estate Loans and Member Business Loans
Consumers Federal Credit Union chartered in 1965 is looking to expand their loan participation portfolio by selling up to 90% positions in some member business and residential real estate loans. The CU is able to participate fixed and adjustable rate loans along a variety of maturities, with a maximum amortization of up to 360 months. Strong LTV’s. All other terms and conditions are negotiable on a case-by-case basis. To begin this mutually-rewarding partnership, contact Travis Miskowitz, CFO at 718-266-2204 x21 or Stephen Jacoby, CEO at 718-266-2204 x10.
direct auto loans
Notre Dame FCU
Total Pool = $2.8 million (216 loans) sell 90% servicing fee = 25bps price = par (100) wtd avg coupon rate = 4.27% wtd avg credit score = 6.41% wtd avg LTV = 101.45 wtd avg original term = 71 months only loans with 0 days delinquency will be sold