As an increasing number of borrowers skip their mortgage payments, opportunistic investors have been on the lookout for distressed loans sold off at discount prices. A new venture intends to acquire up to $175 million in delinquent loans on properties across the country, particularly in New York City and Miami. That includes an initial commitment of $25 million. Real estate investment firm Lakeport Capital will acquire non-performing loan portfolios on condos and single-family homes. Lakeport
source https://therealdeal.com/2020/10/07/new-venture-looks-to-buy-175m-in-distressed-resi-loans-with-focus-on-ny-miami/
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