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Loan Participation recommendations

  • 1.  Loan Participation recommendations

    Posted May 09, 2019 10:04 AM
    I am looking for some recommendations from the group for loan participation vendors.  We are $106 m and presently only want to purchase loan participations- ideally not commercial loans.   Everybody and their proverbial brother wants to help us but I thought some of you with experience might tip my due diligence efforts with good referrals.  You can post a reply or email me directly at deb.evans@embarkcu.com or phone me 406.791.2861.


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    Debra Evans
    President/CEO
    Embark FCU
    Great Falls MT
    406.791.2861
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  • 2.  RE: Loan Participation recommendations

    Posted May 10, 2019 07:22 AM

    Alloya Corporate is doing them.

     

    Michael Daugherty

    President

    Community Plus Federal Credit Union

     






  • 3.  RE: Loan Participation recommendations

    Posted May 10, 2019 07:32 AM
    Good morning,

    I have heard of credit unions having success with Loan Street https://www.loan-street.com/

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    [Russell] [Evans]
    [VP Member Relations & Sales - Northeast]
    [CUES]
    [Madison] [WI]
    [53711]
    [russelle@cues.org]
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  • 4.  RE: Loan Participation recommendations

    Posted May 10, 2019 07:40 AM

    We use our brokers Vining sparks and Stifel and have done one deal direct with no broker.  We have been happy with both our brokers and have kicked around possibly doing some deals direct down the road.  We just need to get comfortable with doing that.  We have been buying participation loans for about 4 or 5 years.

     

     

     

    Jason Garner