Mission Capital Advisors
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Mission Capital Advisors is an American loan sale advisory firm. It specializes in representing banks [1], investment funds, non-bank lenders and mortgage companies on the sale of performing, sub-performing and non-performing commercial and residential loans and loan portfolios, including defaulted loans from CMBS securitizations for special servicers[1] These sales are intended to help banks reduce non-performing assets or manage their balance sheet.
Mission Capital uses an online auction process supported by a virtual data room.
Mission Capital expanded in 2009, in response to the growing credit crunch.
In 2020 the company was acquired by Marcus & Millchap.[2]
References[edit]
- ^ Wei, Lingling (21 July 2010). "CMBS Market Rises from Ashes of Collapse". Wall Street Journal.
- ^ Burke, Mack (2020-10-19). "Marcus & Millichap Officially Announces Mission Capital Advisors Buy". Commercial Observer. Retrieved 2024-03-02.
Sources[edit]
- 1. “WaMu selling $140B portfolio to Wells Fargo; Q2 earnings fall" http://seattle.bizjournals.com/seattle/stories/2006/07/17/daily25.html
- 2. "CMBS Market Rises From Ashes of Collapse" https://www.wsj.com/articles/SB10001424052748704723604575379543602271202
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