Mission Capital Advisors LLC, a residential, commercial and consumer loan sale advisor, says it has brokered the sale of $11.35 billion worth of residential and commercial real estate loans in just the past year. A total of 91.3% of its transactions have closed in a market littered with failed trades, the company adds.
In a mortgage industry battered by the shutdown in securitization, Mission Capital Advisors has advised money center, super-regional and regional banks, warehouse lenders and mortgage companies on 24 different whole loan sale transactions totaling $9.87 billion since June 2007.
Leading the charge on the commercial real estate side were regional banks, commercial mortgage-backed securities trust/special servicers, funds and international banks that accounted for 38 transactions totaling $1.48 billion worth of loan sales, also since June 2007, when the credit crunch began.
Source: Mission Capital Advisors
