IMGCAP(1)]
KeyBank is offering a $164 million portfolio of charged-off consumer loans for purchase through loan sales advisor/broker Garnet Capital Advisors.
The accounts include $69 million face value in auto loans, including approximately 9,700 loans with an average balance of $7,122; $29 million in marine loans, including approximately 1,730 loans with an average balance of $16,870; and $26.8 million in residential loans, including approximately 2,259 loans with an average balance of $11,860. An additional 10,370 accounts include a mix of other loan classes.
The full portfolio is billed as having an "attractive state breakdown" and "not heavily litigated."
The bid date deadline is set for December 8. Go to www.garnetcapital.com for more information or call Garnet representative: Andrew Stumm, Esteban Fernandez or Bill Lahart at 914-406-7880.
