Current Assets and Performance
Since 2008 Jemcap has purchased 13 pools of loans. These pools consisted of over 460 loans with a total unpaid balance of approximately 400 million dollars consisting of performing and non-performing loans. Our focus is on acquiring larger pools of non-performing loans directly from banks, funds or servicing companies.
In addition to purchasing pools of loans we have purchased many individual residential REO’s and notes. Our primary focus is loans or properties in the range of 250K to 3 million dollars located in the NY tri-state area.
SUMMARY OF RECENT POOLS OF LOANS PURCHASED
Purchase date |
Purchased UPB |
Performing/Non-performing |
Average loan size |
|
January-10 |
$11,000,000 |
Non-performing |
$334,000 |
|
April-10 |
$3,000,000 |
Non-performing |
$382,000 |
|
January-10 |
$3,000,000 |
Non-performing |
$73,000 |
|
January-10 |
$25,000,000 |
Non-performing |
$404,000 |
|
June-11 |
$58,000,000 |
Mixed |
$355,000 |
|
January-12 |
$245,000,000 |
Mixed |
$1,821,000 |
|
June-12 |
$6,000,000 |
Non-performing |
$802,000 |
|
December-12 |
$20,000,000 |
Non-performing |
$228,200 |
|
March-13 |
$6,000,000 |
Non-performing |
$385,000 |
|
April-13 |
$9,000,000 |
Non-performing |
$325,000 |
|
January-14 |
$5,000,000 |
Non-performing |
$250,000 |
|
January-14 |
$2,000,000 |
Non-performing |
$450,000 |
|
January-14 |
$2,000,000 |
Non-performing |
$450,000 |
|
June-14 |
$10,000,000 |
Non-performing |
$675,000 |
|
$403,000,000 |
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Total amount of loans purchased – 501
|
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SUMMARY OF RECENT RESIDENTIAL LOANS AND REO’S PURCHASED
Purchase date |
Purchased UPB |
Non-performing/ REO |
Average size |
|
2011 |
$1,200,000 |
Non-performing |
$600,000 |
|
2012 |
$1,500,000 |
Non-performing & REO |
$750,000 |
|
2013 |
$2,200,000 |
Non-performing & REO |
$735,000 |
|
2014 |
$4,000,000 |
Non-performing & REO |
$500,000 |
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About
Jemcap is a boutique real estate investment firm specializing in the acquisition of pools of non-performing small balance commercial, residential loans and REO’s located in the New York tri-state area.
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Services
Jemcap provides special servicing to loans and loan portfolios utilizing primary servicers to handle the day to day administration. We handle every aspect of acquiring, owning and liquidating each loan with the goal of maximizing profit for each asset.
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Leadership
Our talented team has years of experience in commercial-related asset transactions, including acquiring small balance commercial and residential loans in partnership with hedge funds, real estate investment firms and for our own account.
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How To Find Us
360 Madison Avenue, Suite 1902
New York, NY 10017