Sure banks have problems, that’s a no brainer. But before you spend your time looking for deals what if you could see:
- Wheter or not a bank is healthy enough to sell
- If the bank’s asset sales will be impacted by loss share agreements
- Whether or the bank is selling non performing loans
- What your potential non performing note deal volume is
- If the bank is taking write downs in preparation for disposition
With BankProspector you can we’ll show what all the numbers mean and how you can use them in your business.
We’ve taken the guesswork out of qualifying your prospects. Some banks can sell, some banks are zombies walking around extending and pretending and hoping for an influx of cash.
Zombies can’t sell distressed assets at market rates. The flags feature shows you visually whether or not a bank is capable of disposing of assets. Yellow and red flags are an indication that this lender may not be a seller.
REO and Late and Non Performing Loan Totals
5 Types of REO (bank owned property)
Plus You’ll See What’s Covered Under Loss Sharing Agreements
- Commercial
- Multifamily
- Construction
- Farmland
- Residential
11 Types of Late and Non Performing Loans
Includes total portfolio size, 30-89 days late, 90+ days late, and non accrual (non performing) loans, as well as charge-off’s (shows that they are writing down value, healthy charge-offs could indicate a preparedness to sell) and recoveries, the amount recovered on the sale of REO.
- Owner Occupied Commercial Property
- Non-Owner Occupied Commercial Property
- Multifamily – 5+ residential units
- 1-4 Family Construction
- Commercial, land development, and other construction loans
- Agricultural farmland
- 1st Position Residential Loans (1-4 Family)
- Junior Position Residential Loans (1-4 Family)
- Revolving Residential Loans (HELOCS 1-4 Family)
- Commercial and Industrial Loans (business related non real estate, AKA C&I Loans)
- Consumer Credit Cards
Click on an image to view in a window (shut off your pop up blockers if it doesn’t work)
You’ll have all the data you need to determine if a bank has the distressed assets you’re looking for and if whether or not they’re in a position to be able to sell at market values, right at your finger tips before you ever pick up the phone or send an email.
FAQ
Can I see the details of individual loans or individual properties?
No. BankProspector gives you portfolio leave data. For example you can see that ABC Bank has $5 Million in multifamily REO or $4 Million in non-performing multifamily loans but you cannot see what properties comprise the totals shown.
Can I see the location of assets within the portfolio?
No, BUT, local and regional banks tend to lend locally and regionally. Usually within a 1-2 hour drive (at the MOST) from their lending offices. If you’re prospecting local and regional banks you can usually count on assets being near by. Banks do not have to report this information at this time we don’t believe a service exists that provides it.
*Excluding banks regulated by the Office of Thrift Supervision OTS as of 5/18/2011
Distressed Pro has been an intuitive and invaluable analysis tool that allows us to quickly access and produce detailed reports on all of the FDIC bank related data and contacts at those institutions. The technology of DistressedPro allows our acquisition team to group by specific property types in a specific region of the country and drill down to a very detailed level of information to identify potential acquisition opportunities in our sweet spot, New England. We have been using DistressedPro for over a year now and find that the time savings more than pays for the already low subscription fees.