Professional Documents
Culture Documents
Deed of Trust whole loans, Judgments and Liens secured by commercial and residential real estate. Onyxx Investment Group works close with the FDIC, banks, special servicers, private sectors as well as Bankruptcy Trustees and other financial institutions to purchase assets for the purpose of future monetization.
866.992.9155
GENERAL PROCESS
Maintain a constant watchful eye of distressed and/or defaulted commercial / residential whole loans from various financial Institutions (FDIC, banks, special servicers and the private sector etc) Assess and analyze each asset to formulate the best possible plan for future monetization Perform extensive underwriting due diligence for each prospective loan, including original loan file review, current market loan to value (LTV), on-site due diligence and borrower strength assessment relative to each prospective loan and the associated collateral Acquire loans through negotiation within our acceptable target range Monetizing acquired assets through deal-specific and calculated exit strategies
LOAN CRITERIA
Location Size of unpaid principal balance (UPB) Asset Class (Residential, Multi-family, Retail, Office, Industrial / Warehouse, Self-Storage, Land, Hospitality) Performance level of loan Defining if insurable Cash flow/ Occupancy Property age and condition Borrower capacity to facilitate a prompt discounted payoff or workout agreement Recourse/ Non-recourse
EXIT STRATEGY
Re-trade the note for a profit Restructuring - Negotiate a forbearance agreement with the borrower Enter a cooperation agreement with the borrower to short sell the collateral Execute a deed-in-lieu of foreclosure to take possession of the property Foreclose to take possession of the property Sell as real estate owned (REO) Hold and manage the asset to maximize value at a future sale
866.992.9155