Our members consist of independent or private equity investors, distressed asset service providers, auctioneers, REO brokers, note brokers, and top property preservation experts.
We asked subscribers what they liked best about BankProspector, here’s some of what they said:
Simple to navigate.
Lets me know in an instant if the bank has any troubled assets.
Can get a fairly quick sense of the scale of real estate issues with specific banks.
Ability to find contacts in banks
Finding banks that fit our requirements
(see which) Banks likely to sell or not sell. What is most on their books, and if there selling right now.
Contacts via linkedIn and Jigsaw and what is exactly available from the banks so that you can narrow the searches.
The best tool I’ve seen for targeting regional and smaller banks with bad paper-I just purchased Lane 2 weeks ago and i bought yours any way
If I can use it anybody can use it. Tech is not my strong suit. I called [obscured] Bank and they told me they'd have something in 3-4 weeks. I also called [obscured] Cooperative based on what I found in BankProspector and I made a great connection. I've been using it for 3 days.Cam Holland
Garret Realty Group
Eric Kassel of U.S. AssetAid LLC says of BankProspector2.0 "great, absolutely great!" Eric is an expert in sourcing bulk residential REO opportunities for high net worth individuals and private equity.Eric Kassel
USAssetAid.com
John McCaffrey SVP and Managing Director of REDC, one of the world's leaders in maximized asset disposition strategies and asset management, uses BankProspector "I use it to determine which banks are heavy in the product that we sell and I track the N/A assets sold."John McCaffrey
Auction.com
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.John J. Meedzan Jr
ArchStreet Financial Partners
I represent select private equity investment groups in the acquisition of performing and non-performing commercial real estate loans. Over the past year, I've successfully transacted over $100 million in loan acquisitions from commercial banks. I've been a BankProspector subscriber since March of 2010 and version 1.0 and have found that it's a very helpful prospecting tool.Brandon Lamb
CrossCap Investments, LLC
