“Back Bay Investment Group purchased our most troubled loan relationship. The collateral property was physically damaged, environmentally contaminated and the borrower hadn’t made payments in over 4 years. After over 3 years of desperately trying to dispose of the note, Back Bay Investment Group quickly evaluated the loan and made an offer that we happily accepted. Best part about this transaction was they closed early. Back Bay Investment Group will be the first call for all of our future note sales.”
"Back Bay Investment Group paid full UPB for a matured loan secured by a gas station property. By selling the note to them we recovered the maximum amount possible while avoiding tens of thousands of dollars in legal fees and the lengthy timeline of judicial foreclosure."