Loan Pool Acquisitions

Real Estate Loan Acquisitions: What do we do?


Empire West Capital has purchased a broad range of loan portfolios as well as larger balance single loans. Although most of Empire West business has been direct contact, Empire West has used intermediaries on various occasions. We welcome the added value of a sophisticated intermediary and will protect our broker sources. 


Criteria

• Single Family Multifamily, industrial, office and retail properties
• Pool Loan amounts up to $100,000,000
• Loans secured by real estate  properties located in all 50 states


 Competitive Advantages

• Sophisticated due diligence team assures quick response and closing
• Competitive pricing
• Flexibility - Broad range of acquisitions considered  


Portfolio Acquisitions

• Submit an electronic tape containing key loan data including loan and property specific information.
• Acquisition Group personnel will approve and issue a bid price for the loan pool.
• Upon written acceptance of a bid letter by the seller, Empire West will assemble a due diligence team consisting of loan underwriting and appraisal personnel. Empire West will arrange for the team to review the individual loan files.
• Upon approval a Purchase & Sale Agreement is negotiated. Concurrently, the Loan Documentation Group reviews the documentation for each loan in the portfolio. This review can occur post closing provided the Purchase & Sale Agreement contains sufficient seller representations and warranties relating to loan documentation.
• The portfolio acquisition is funded.  

Single Asset Acquisitions

• Submit an acquisition package which contains detailed information on the loan offered for sale, including offered price and other loan specific information. The package should also include detailed information on the property securing the loan including current operating statements, latest appraisal, engineering and environmental reports, and borrower information.
• Empire West personnel will prepare a term sheet outlining the terms and conditions of the proposed acquisition.
• When the term sheet is signed, Empire West personnel will underwrite the transaction and submit a loan acquisition proposal to our senior management.
• Upon Loan  approval, a Purchase & Sale Agreement will be negotiated and the loan documents will be reviewed by the attorney’s
• The loan acquisition is funded.
• All purchases are servicing released