Vasrue Capital Investments, a real estate solutions provider principally focused on the secondary mortgage market, has launched an asset management solution. Fully funded to invest in pools valued up to $50m of the Unpaid Principal Balance (UPB), the company is positioned to acquire troubled assets that burden banks, residential home sellers and hard money lenders.
The end-to-end process typically requires less than 20 days to complete. This process begins with a preliminary review of the seller’s property by a senior underwriter. If interested, the seller is notified within three business days and asked to complete all necessary loan paperwork. At that time, Vasrue Capital Investment works with the seller to formally agree upon a price. The company then guides the seller through pre-closing, closing and post-close activities.
While rebuilding local communities, the company also seeks to expand its relationships with financial institutions, delivering liquidity to depressed mortgage-backed securities markets. Clinton Douglas, asset manager of Vasrue Capital Investments, said: “In purchasing and rehabilitating troubled assets, we’re pleased to play a key role in revitalizing communities across the nation that have been negatively impacted by the current global economic crisis.”
