May Newsletter
“Our desk has already begun seeing cracks in the market that have highlighted opportunities investors will capitalize on here in 2024. How long will the runway last? Or, has the runway just begun? Many believe it’s the ladder, and we have positioned our firm to be able to not only take advantage but to use these windows to scale and diversify.
For years rates were near zero, so an elevated rate environment could be a mainstay here in 2024 which will result in liquidity issues. Those that remain cash ready will be able to weather an unpredictable storm.”
Chaz Guinn – CEO and Founder
Trade Desk Update
We started off the 2nd quarter of 2024 by closing several trades. Here is a look at one of our newest portfolio acquisitions:
This new portfolio acquisition consisted of the following:
12 Total Assets: mixed batch of NPLs and BK loans in 11 states
$3.5 mm Total BPO value, with an average of $293,208 BPO per asset
$1.8mm Total Legal Balance, with an average of $150,607 TLB per asset
“When I’m asked to share one piece of advice that I think is crucial to being successful in the note business it’s “Always put Relationships before Transactions”. That is something I have always strived to do since I got started in the note business in 1990. The lesson I learned way back then was if you want to keep a client for the long term so that loyalty is in place and transactions just spin off that relationship, put relationships before transactions.”
Bob Repass – Chief Operating Officer
Passing Notes Podcast Ep #16 Now Streaming
Chaz Guinn and Bob Repass are joined by Nathan Turner, the host of the Diversified Mortgage Expo (DME).
