Non Performing Loans
topic on 1 show · 2 statements across 1 episodes
2 statements about Non Performing Loans, every show
Martell: Maverick takes back keys on 10% of NPL investments
“We are willing to take back the keys, and we've done so about 10% of the time that we've made investments in non-performing loans, and so we've taken back the keys about 20 buildings.”
Martell: Non-performing loan purchases require rapid capital and close in five days
“Buying non-performing loans requires you to have capital and the ability to move quickly. These transactions can close in as quickly as five days, but lenders want certainty of closure, and they want to know that you're going to do what you say you're going to…”