Investment Criteria

Restoration Capital will consider for purchase non-performing first lien consumer construction permanent (CP) and commercial loan notes secured by residential collateral that meet the following criteria:

Commercial Residential Construction Loans:

  • Portfolio UPB’s between $1.5M and $30.0M with no limit on individual loan size;
  • Primary asset locations in the states of NJ, NY, CT, MA, RI, NH, ME and VT and secondary opportunity in the states of GA, NC, SC, VA, DE, MD and PA;
  • Some vertical construction completed and a minimum of Phase I infrastructure completed;
  • Loans greater than 180 days delinquent;
  • Loans with in-process foreclosures and bankruptcies are acceptable and
  • Secured by 1-4 single family residential units including condominiums.

Consumer CP Loans:

  • Portfolio UPBs between $1.5M and $70.0M with no limit on individual loan size;
  • Primary asset locations in the states of NJ, NY, CT, MA, RI, NH, ME and VT and secondary opportunity in the states of GA, NC, SC, VA, DE, MD and PA;
  • Percentage of construction complete greater than 40%;
  • Loans greater than 180 days delinquent;
  • Loans with in-process foreclosures and bankruptcies are acceptable and
  • Secured by single family residences.