Investment Criteria

Restoration Capital will consider for purchase non-performing first lien construction permanent (CP) residential loan portfolios that meet the following criteria:

• Aggregate unpaid principal balances of $2 million to $500 million o Syndication Partners are available to co-invest on deals with aggregate unpaid principal balances in excess of $100 million
• No geographic restrictions on location of collateral
• No restrictions on % of completion
• No restrictions on size of individual loans; non-conforming loans are accepted
• Properties with Mechanic Liens are acceptable provided they are subordinate to lender’s mortgage
• Non-performing loans are defined as loans with borrowers > 120 days delinquent; loans already referred to FC are also accepted
• REOs are acceptable
• No minimum requirement on portfolio size; single loans are acceptable on a case-by-case basis
• Bulk and flow sale arrangements are available
• Loans made to individual borrowers are considered for purchase; loans to entities, including builders and developers, are not accepted
• One-time and two-time close CP loans are permitted
• Major rehabs are acceptable on a case-by-case basis
• Purchases executed on a servicing-released basis if preferred