Ticking Debt Bomb: Opportunities in Non-Performing Residential Loans (NPLs)
Bill Bymel is on the front lines of the secondary mortgage market every day as his PE Funds trade approximately $100 million per year in whole loan investments. When stocks markets plummeted for a few weeks in March, we saw a liquidity freeze in capital markets that may be a foreshadow of the turbulent times ahead. Bill will share his eye witness accounts of what's going on in the mortgage lending and securitization world, what he forsees in the months ahead, and how his company is working with investors to take advantage of opportunities in NPL.
- The Last Decade of Deleveraging Didn't Quite Work Out That Way
- Credit Markets signalled US was heading for another financial crisis in March
- The Federal Reserve stepped in as liquidity provider of last resort
- Dramatic Rise in Forced Liquidations of NPL over the past 90 days
- September will provide first indications of defaults on the rise
- Spurs NPL Strategy is Wall Street meet Main Street
Event Recording
Ticking Debt Bomb Opportunities in Non Performing Residential Loans NPLs
Speaker
Bill Bymel
- Title
- Managing Partner
- Role
- Speaker
With over two decades of experience in real estate, Bill Bymel has become known as a pioneer in the distressed debt space by creating a new paradigm for dealing with delinquent borrowers on residential real estate. His strategies and experiences personally overseeing the resolution of $250 million of NPL since 2009 are illustrated in Bill’s book WIN WIN REVOLUTION. Bill spent the last decade as a Senior Director, Signatory at Spurs Capital, a leading mortgage investment firm based in New York City. He recently founded First Lien Capital LP with a focus on NPL opportunities in both residential and small balance commercial real estate. As a Partner in Retail Sites International, a 40-year-old commercial real estate advisory firm based in South Florida, Bill’s clients included McDonalds, BJ’s Brewhouse, Darden Restaurants, and Family Dollar Stores. RSI Asset Management, founded in 2009, acts as a third-party asset and property manager for private equity funds or family offices that invest in Florida. He is a graduate of New York University, currently residing in Beverly Hills, California.
About
First Lien Capital LP
First Lien Capital LP is a newly formed partnership that will focus on opportunities in distressed real estate, both residential and commercial. The strategy is focused primarily on United States residential real estate assets via diversified allocations in first lien non-performing and sub- performing mortgage notes purchased at a discount (NPLs).
The Founding Principals have a multi-decade track record focused on investments in seasoned residential mortgage whole loans as well as the redevelopment or repositioning of single family residential, retail, and multi-family assets.
Our NPL purchase strategy was created to address current and forthcoming dislocations in the residential whole loan and structured products market. With looming market corrections on the horizon, First Lien Capital is well-positioned to capitalize on opportunities in both the secondary mortgage market and distressed real estate centers throughout the United States.
The mission is to provide solutions to both financial institutions and borrowers currently under stress. Make a positive contribution to the resolution of troubled loans and the eventual re-emergence of a stronger, healthier mortgage and real estate market. For financial institutions, FLC provides liquidity with a transparent investment approach that includes best-in-class pricing and models as well as highly proficient experience in servicing oversight that will produce exceptional asset performance. For borrowers, we bring industry-leading expertise to help those facing financial challenges with opportunities to restructure their mortgages in a way that makes economic sense, a true win-win.