TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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February 10, 2025
Source: Garnet Capital Advisors
Garnet Capital Advisors, a leader in the national loan sale market, is pleased to announce the closing of the sale of a credit facility collateralized by a $117 million subprime lease portfolio on behalf of the co-lenders, who are leading institutions in the industry. The sale was prompted by the bankruptcy filing of the originator and initial servicer. The collateral portfolio was comprised of both current and delinquent accounts.
Offering the facility servicing-retained gave buyers the option of leaving the accounts with the replacement servicer. Selling the credit facility as opposed to the underlying lease portfolio minimized the administrative burden and led to a more expeditious closing.
These factors combined to maximize buyer participation in the offering with dozens of buyers registered for the sale, resulting in a successful outcome for the sellers.
Andrew Stumm, Managing Director at Garnet Capital, stated: "Garnet has unparalleled expertise in managing loan sales involving bankruptcies, trustee sales and portfolio liquidations, having closed dozens of transactions for billions of dollars in UPB. As a result, we know the market for these assets and how to structure sales to maximize value."
About Garnet Capital Advisors
Garnet Capital Advisors is a leading broker of loan portfolios for banks, credit unions, hedge funds, and specialty finance companies. With over 20 years of expertise in performing, subperforming, and charged-off loans in the consumer, commercial, and residential sectors, Garnet Capital is dedicated to bringing honesty, integrity and focus to every deal, offering best-in-class services to their clients in a rapidly changing financial landscape. Garnet Capital Advisors is also committed to maintaining the highest standards of data security and compliance, ensuring that clients can trust their expertise and guidance throughout the entire loan portfolio transaction process.
Offering the facility servicing-retained gave buyers the option of leaving the accounts with the replacement servicer. Selling the credit facility as opposed to the underlying lease portfolio minimized the administrative burden and led to a more expeditious closing.
These factors combined to maximize buyer participation in the offering with dozens of buyers registered for the sale, resulting in a successful outcome for the sellers.
Andrew Stumm, Managing Director at Garnet Capital, stated: "Garnet has unparalleled expertise in managing loan sales involving bankruptcies, trustee sales and portfolio liquidations, having closed dozens of transactions for billions of dollars in UPB. As a result, we know the market for these assets and how to structure sales to maximize value."
About Garnet Capital Advisors
Garnet Capital Advisors is a leading broker of loan portfolios for banks, credit unions, hedge funds, and specialty finance companies. With over 20 years of expertise in performing, subperforming, and charged-off loans in the consumer, commercial, and residential sectors, Garnet Capital is dedicated to bringing honesty, integrity and focus to every deal, offering best-in-class services to their clients in a rapidly changing financial landscape. Garnet Capital Advisors is also committed to maintaining the highest standards of data security and compliance, ensuring that clients can trust their expertise and guidance throughout the entire loan portfolio transaction process.