Mission Capital Advisors Tapped to Sell Performing Commercial Mortgage Loan Port

July 21, 2015

Source: CityBizList

Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Commercial Loan Sales & Trading Group has been named the exclusive loan sale advisor for a performing commercial mortgage portfolio.

Media Contact: Amanda Ferraro Beckerman

aferraro@beckermanpr.com
201-649-1186

FOR IMMEDIATE RELEASE

Mission Capital Advisors Tapped to Sell Performing Commercial Mortgage Loan Portfolio on Behalf of Reseller

Firm Has Brokered Nearly $900M of Reseller Loan/REO Portfolio Sales

NEW YORK (July 21, 2015) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Commercial Loan Sales & Trading Group has been named the exclusive loan sale advisor for a performing commercial mortgage portfolio.

With this latest transaction, Mission Capital adds to its robust pipeline of loan sales activity for resellers, investment groups that have previously acquired loans from third parties and are now sellers after some period of workout and general market price appreciation. The firm has served as an advisor on nearly
$900 million of loan and real estate owned (REO) portfolios on behalf of 15 separate reseller clients across 20 different transactions.
Mission Capital’s Managing Director of Sales and Trading, Tom Hall, is overseeing the assignment on behalf of the repeat seller, a private equity real estate firm.
“PE shops that acquired in bulk at the beginning of the downturn have been big market participants on the sell side, both this year and last,” said Hall. “We are fortunate at Mission to be one of the most active advisors to resellers in the secondary market. It is always gratifying when a buyer that has experienced several processes and acquired from various advisors chooses to run their own sale on your platform. Repeat business from this sector is a testament to our ability to successfully navigate the special circumstances associated with reseller portfolios.”
The offering’s collateral includes commercial, residential, land and C&I assets located across the country, with the largest concentrations in Texas and Florida. The portfolio has an attractive 5.6 percent WAC and
2021 WAM.
This segment of the market shows no signs of slowing down, with another $1 billion of debt sales expected from resellers alone in the second half of 2015.
The combination of strengthening property fundamentals and increased demand for assets has resulted in ideal circumstances for bulk disposition of portfolios previously acquired through the secondary market. Investor groups including debt funds, private equity funds, and other traditional “buy-side” market participants are increasingly taking advantage of rising loan prices combined with servicing efforts to modify or foreclose assets, allowing groups to successfully exit positions and return capital to investors.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California, Michigan and Mobile, Al. The firm delivers value to its clients through an integrated platform of advisory and transaction
management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.www.missioncap.com.

Download icon PDF File Download
Visit External Link