September 19, 2018

$2.1 Billion Residential Loan Portfolio

DebtX is pleased to announce the sale of 5,954 residential loans totaling approximately $2.1 billion with 86% of the loans located in California. The portfolio has a current WAC of 4.3%, WAM of 5/8/46, WLTV of 72% and WFICO of 694. The portfolio will be offered in the following six pools:

  • DebtX_8717 is a $1.48 billion pool comprised of 3,834 performing loans with a WAC of 4.31%, WAM of 11/5/47, WLTV of 75% and WFICO of 711. The trailing 12-month cash flow totals approximately $71.1 million.
  • DebtX_8718 is a $350.8 million pool comprised of 1,269 performing loans with a WAC of 4.27%, WLTV of 62%, WAM of 2/22/42 and WFICO of 656. The trailing 12-month cash flow totals approximately $26.4 million.
  • DebtX_8719 is a $90 million pool comprised of 220 non-performing loans. This pool has a WFICO of 598 and a WLTV of 85%. The trailing 12-month cash flow totals $1.4 million.
  • DebtX_8720 is a $66.9 million pool comprised of 166 non-performing loans. This pool has a WFICO of 639 and a WLTV of 66%. The trailing 12-month cash flow totals $1.4 million.
  • DebtX_8721 is a $59.3 million pool comprised of 163 predominantly performing (89%) loans. The pool has a WAC of 4.17%, WLTV of 72%, WAM of 3/20/48 and WFICO of 693. The trailing 12-month cash flow totals approximately $2.9 million.
  • DebtX_8722 is a $67.8 million pool comprised of 302 predominantly performing (92%) loans. The pool has a WAC of 4.48%, WLTV of 47%, WAM of 2/26/36 and WFICO of 651. The trailing 12-month cash flow totals approximately $6 million.

Bids are due before 2pm ET on October 10th, and the closing will occur on or before November 14th.

For more information, please contact Mike Roth at 617-531-3424 or mroth@debtx.com.

You must be registered with DebtX to receive detailed information about these loans and to participate in the sale. To register, please visit our registration page.