Performance Track Record
Discounted Junior Mortgage Track Record
NYC-based properties | 2nd and 3rd mortgage settlement discounts
2024 – 2026 · 8 Junior-Lien PositionsTotal P&I Payoff
$2,635,000
Gross payoff exposure
Settlement Basis
$208,000
Negotiated payoff amount
Total Savings
$2,427,000
Dollar reduction achieved
Weighted Discount
92%
Savings / P&I payoff
Performance Results
- Savings Percentage: 92% Weighted Discount Savings
- Savings Total: $2,427,000 dollar reduction
- Average Savings: $303,000 per position
- Median Discount: 95% across the portfolio
- Largest Realized Savings: Brooklyn, NY (3rd) — $0.725M; Brooklyn, NY (2nd) — $0.495M
Across eight NYC junior-lien positions, $2.6M of P&I payoff exposure was resolved for
$0.2M, producing $2.4M of savings and a 92% weighted payoff discount.
Payoff Composition by Property: Settlement vs. Savings
$ in millions (max axis: $0.825M)
Settlement
Savings
Transaction Detail
| Property | Lien | Year | Servicer | Payoff P&I | Settlement | Savings | Discount |
|---|---|---|---|---|---|---|---|
| Bronx, NY | 2nd | 2024 | Private | $150,000 | $7,000 | $143,000 | 95% |
| Bronx, NY | 2nd | 2024 | Private | $135,000 | $8,000 | $127,000 | 94% |
| Bronx, NY | 2nd | 2024 | Private | $135,000 | $8,000 | $127,000 | 94% |
| Brooklyn, NY | 2nd | 2026 | Private | $450,000 | $50,000 | $400,000 | 89% |
| Brooklyn, NY | 3rd | 2026 | Private | $825,000 | $100,000 | $725,000 | 88% |
| Brooklyn, NY | 2nd | 2024 | Private | $520,000 | $25,000 | $495,000 | 95% |
| Bronx, NY | 2nd | 2025 | Private | $275,000 | $10,000 | $265,000 | 96% |
| Brooklyn, NY | 2nd | 2026 | Private | $145,000 | $0 | $145,000 | 100% |
| TOTAL / WEIGHTED | $2,635,000 | $208,000 | $2,427,000 | 92.1% | |||
Performance by Vintage Year
| Year | Positions | P&I Payoff | Settlement | Savings | Weighted Discount |
|---|---|---|---|---|---|
| 2024 | 4 | $940,000 | $48,000 | $892,000 | 94.9% |
| 2025 | 1 | $275,000 | $10,000 | $265,000 | 96.4% |
| 2026 | 3 | $1,420,000 | $150,000 | $1,270,000 | 89.4% |
