Banks sell portfolios or individual assets to Cedarcrest Capital LLC for a variety of good reasons, including to:
- Receive cash upfront rather than wait years for recovery
- Outsource costly and time-intensive collection efforts
- Clean the bank’s balance sheet of non-performing and sub-performing loans
- Re-focus the bank’s efforts on doing what the bank does best: lending to good borrowers and receiving timely interest on good loans
Cedarcrest Capital is a member of the DBA International (www.dbainternational.org) and DebtConnection (www.debtconnection.com), organizations dedicated to achieving high standards in the secondary debt markets. |