Prime and Super-prime Paper Wanted

Private equity group that has recently acquired a bank is seeking prime and super-prime auto portfolios for purchase. LoanGenie is in the market to purchase $100MM per quarter. The secondary market is inefficient and does not support new loan origination (can't sell new loans for the cost of origination). Accordingly, until such time as the market becomes more efficient, we are buyers at a discount to par. Minimum pool size $5MM. Will work jointly with parties interested in subprime paper to acquire portfolios comprised of both prime and subprime paper. Please contact me through this blog or at ghoyer@loangenie.com

Replies to This Discussion

Permalink Reply by Bill Thaxton on May 9, 2009 at 2:01pm

Gary

We, at Portfolio Investment Group, are loan brokers representing the sale of indirect auto finance loans at all levels of risk. My partner and I have 30 plus years of experience. We have several pools of loans available including two super-prime and prime auto finance portfolios for sale. Those portfolios are $29mm and $14mm. Both originated by banks in the Southeast.

I would love to discuss both of these portfolios with you. Can we exchange phone connections and set up a day and time to talk? My contact information is 503-387-5751 or Bill@PortfolioIG.com. Thanks, Bill

Permalink Reply by gary hoyer on May 10, 2009 at 10:17am