Bruce Cohen's Contact Details

Bruce Cohen's Company Details

We enjoy a very special and privileged relationship with several of the country's lenders. Today, there is a need for these institutions to reduce their non / under performing loan portfolios. To that end they have prepackaged loan offerings that can now be had for as little as 35% of the loan value.In a typical scenario a property formerly valued at $1,000,000.00 may now have a value of $600,000.00. There may have been an underlying mortgage of $500,000.00 (now in default). You may be able to buy the REO (Bank owned property) for as little, in some cases at $175,000.00, plus fee's. Now multiply these numbers by a typical prepackaged portfolio and you will see some astounding results. Naturally no two deals are the same. Some are residential dwellings, other commercial, some are land. Some are higher, others can be had at deeper discount rates. They all have one thing in common, you are buying wholesale, not retail.