Colonial Financial excels in the purchase of loan portfolios offering the competitive pricing, service, and experience it takes to get the deal closed. Our portfolio purchasing program has been effective for real estate investors, land developers, builders, mobile home lot developers, condominium developers, property rehabbers, financial institutions, and many more.
Frequently Asked Portfolio Questions
What is a portfolio?
A portfolio is simply a group of individual loans or liens where a variety of people are making payments for the individual property they purchased. We generally consider a portfolio to be a group or pool of loans numbering ten or more.
What types of portfolios does CFS purchase?
We buy any size of portfolio that secures payment for the following types of debt:
What does CFS need to provide a quote on a portfolio?
We first like to review basic information on the make-up of
the portfolio. This includes the purpose of the liens, type of
collateral and documents, amount of seasoning, payment history,
credit rating of the payers, size and financial statistics of
the portfolio. To assist you in gathering this information we
have supplied a sample credit memo and spreadsheet
for your reference or you may contact us directly for assistance.