August To End in $400 Million Month For Carlton
August 26, 2010
Summer doldrums nor investor concerns about a double-dip recession and a sliding stock market did not deter an extremely active August at Carlton, where approximately $400 million in loan and REO sales were either closed or circled.
As previously discussed, Carlton is one of the country’s oldest loan and REO advisors, having been continuously in the accelerated sales business since 1991. We possess evolved marketing and sales strategies, and have one of the country’s best investor databases of local, regional and overseas high net worth and institutional investors who are aggressively looking to invest in distressed assets.
In addition, we possess superior valuation skills, which is essential to any successful sales campaign to determine from the outset if the seller’s expectations with respect to price are consistent with where investors are currently valuing assets.
We believe that the current economic climate and volatility supports institutional sellers looking to aggressively move non-strategic loan and REO assets as quickly as possible. We invite you to submit, on a confidential basis, potential inventory that we can value and provide you with a customized sales and disposition strategy.
As you well know, the market in general continues to languish, as the stock market has seen a recent 400-point decline. In addition, July posted the worst housing numbers in over a decade, as home sales and prices continued to decline.
Notwithstanding the foregoing, we represent aggressive, well capitalized investors, who are eager to snap up loan and/or REO assets on a price-adjusted basis. We have had great success selling loans in bulk, on a targeted, negotiated basis, or individually through our rolling CEX Loan and REO process, which targets local, “around-the-corner” investors who are most familiar with your assets. These investors are bidding on individual assets that they are generally familiar with, and often will bid aggressively to preempt a competitive process.
Many investors today have aligned themselves with institutional capital sources, who possess the liquidity and underwriting skills to move quickly for appropriate opportunities. Last quarter over $10 billion in loan and REO product assets were successfully sold by large financial institutions, and we encourage you to consider selling off assets that are a drain on your balance sheet and your liquidity needs.
We invite you to contact us for a confidential loan and/or REO analysis and valuation.
