Heritage Global Partners are pioneers in the successful launch and acceptance of financial asset auctions. Our experience dates back to the savings and loan crisis, where both the RTC and FDIC used the services of our managing partners. We developed, stratified, marketed, and were the appointed auctioneers to sell over one billion dollars of performing and non-performing loans in a series of structured auction transactions. We have also worked with the nation’s largest money center banks on numerous sales of credit card, auto, residential and commercial real estate, consumer, and student loan portfolio auctions.
Asset conversion in loan form is a cost-effective and expedient solution to the costly and complicated alternative collection process of repossession and foreclosure proceedings. If your institution is analyzing derived investment value of loan conversion auctions versus the legal possession for asset sales or outside collection agency retention, we welcome the opportunity to present our background and service offering.
For more information, please contact us.