Click below for information about the buying
prime auto loan portfolios
Basic criteria for sub-prime auto loan portfolios:
- Auto loan portfolio size: at least $5 million or greater. Virtually no maximum amount.
- Credit scores: at least 525 FICO
- No current bankruptcies
- Our auto loan portfolios can not contain automobiles that have been repossessed.
- Autos should be within an age-range of 5 years from current date.
- Seasoning of contracts should be at least 6 months.
- Payment histories should be anywhere from good and current to as much as 90 days delinquent. Pricing is definitely
affected downward with ongoing delinquencies.
- Autos should have been verifiably owned by one previous owner.
- The buyer holds a reserves holdback of up to 20% for anywhere from 90 days to 120 days after each loan
is purchased. This, minus any collection or repossession/resale costs, is sent back to the loan seller.
- Interest-rates attached to the contracts should be at or near 18% for best-case scenario pricing.
- All down payments that have been recorded in the spreadsheet should be verifiable.
- The seller must provide normal representations and warranties relating to the borrowers and the automobiles that secure the contracts
SUB-PRIME CREDIT AUTO LOAN PORTFOLIOS
PLEASE SUBMIT IN EXCEL FORMAT WITH THE FOLLOWING HEADERS
- Account #
- Zip code
- Contract Date
- Orig. Term
- Orig. Lease/Loan Amount
- Lease/Loan Balance
- Payment Freq.
- Monthly Payment
- Maturity Date
- Vehicle Cost
- VIN #
- Date Last Paid
- Credit Score
- Payments Made
- Days Past Due
- Paid through Date
- Last Payment $
- Remaining Term
- Book Value
- Late Charges Due
- Late x 30 days
- Late x 60 days
- Late x 90
How to Contact Us
Send us an E-mail with some details of your financing request. It is important to send your: Full name, PHONE NUMBER and a paragraph or two describing your financing needs. Please DO NOT forget to include your PHONE NUMBER.
Phone or Text: 856-278-6103
Call us anytime 24/7. We are available for one-on-one discussion up to 11 PM Eastern Time and on weekends.
BARCLAY ASSOCIATES - Cherry Hill NJ
MINIMUM LOAN AMOUNTS
Copyright © 1997-2016 JS Inc./Barclay Associates-All Rights Reserved
- INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS- (apartment and office building loans, self storage units, mobile home park financing, strip centers etc. (Not raw land/land developer loans) - $100,000 minimum loan amount. ($125,000 minimum if referred by broker.) Multi-family (apartment buildings) must be 5 units or more.
- RAW LAND LOANS OR LAND DEVELOPMENT LOANS $500,000 minimum loan amount($600,000 minimum if referred by broker).
- SBA LOANS-$300,000 minimum loan amount. ($350,000 minimum if referred by broker).
- OTHER SMALL BUSINESS LOANS (NON SBA)- $300,000 minimum loan amount ($375,000 minimum if referred by broker).
- FACTORING AND ASSET BASED FINANCING These are business loans using accounts receivable, inventory, equipment & real estate as collateral- $500,000 minimum loan amount($600,000 if referred by broker).
- OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.
BROKERS and other intermediaries- WE WELCOME BROKERS. It is EXTREMELY IMPORTANT that you [CLICK HERE] to obtain full information about our referral fee program and our referral fee rates to brokers.
WHAT WE DO NOT DO:
- We DO NOT finance residential properties-only commercial.
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Copyright © 1997-2017 JS Inc./Barclay Associates-All Rights Reserved