Performance Track Record
Non-Performing Loan Portfolio Track Record
Bronx, NYC | 6-property residential distressed portfolio restructure
2024 – 2025 · 6 Properties | $7.4M Portfolio ValueTotal Payoff Exposure
$11.9M
Senior mortgage + NYC liens
Settlement Basis
$3.7M
Negotiated payoff amount
Total Savings
$8.3M
Dollar reduction achieved
Total Lien Reduction
73%
Oct. 2024 to Dec. 2025
Performance Results
- Senior Mortgage Savings: $6,908,800 on $10,050,000 payoff exposure (69% discount)
- NYC Liens & Judgments: $1,365,000 savings on $1,890,000 payoff exposure (72% discount)
- Equity Turnaround: from −$7.69M to +$3.74M pro forma (+$11.5M)
- LTV Reduction: from 235% to 50% across the 6-property portfolio
Across six Bronx residential NPL assets, Ask Capital restructured $11.9M of senior mortgage
and NYC lien payoff exposure for $3.7M, producing $8.3M of savings and a 69% weighted
payoff discount. Portfolio ARV increased from $5.7M to $7.4M, while LTV improved from 235%
to 50%.
Payoff Composition by Property: Settlement vs. Savings
$ in millions (max axis: $2.5M)
Settlement
Savings
Portfolio Snapshot
| Metric | Oct. 2024 | Dec. 2025 | Absolute Change | % Change |
|---|---|---|---|---|
| Portfolio Value / ARV | $5.7M | $7.4M | +$1.7M | 29.80% |
| Total Mortgage & Liens | $13.39M | $3.67M | +$9.72M | +72.60% |
| Equity | −$7.69M | +$3.74M | +$11.43M | 148.60% |
| LTV | 235% | 50% | −185 percentage points | −78.7% |
Data source: Ask Capital / Brownstone NYC NPL Track Record | Confidential
Financial Detail by Property
6-property NPL restructure detail | Bronx, NYC | 2024-2025
Mortgage Settlement Detail
| Property | Payoff | Settlement | Savings | % Savings |
|---|---|---|---|---|
| Bronx, NY | $1,400,000 | $565,000 | $835,000 | 60% |
| Bronx, NY | $1,450,000 | $515,000 | $935,000 | 64% |
| Bronx, NY | $1,600,000 | $500,000 | $1,100,000 | 69% |
| Bronx, NY | $1,800,000 | $581,200 | $1,218,800 | 68% |
| Bronx, NY | $2,000,000 | $380,000 | $1,620,000 | 81% |
| Bronx, NY | $1,800,000 | $600,000 | $1,200,000 | 67% |
| WEIGHTED TOTAL | $10,050,000 | $3,141,200 | $6,908,800 | 69% |
NYC Liens & Judgments Detail
| Property | Payoff | Settlement | Savings | % Savings |
|---|---|---|---|---|
| Bronx, NY | $175,000 | $175,000 | $0 | 0% |
| Bronx, NY | $375,000 | $40,000 | $335,000 | 89% |
| Bronx, NY | $90,000 | $30,000 | $60,000 | 67% |
| Bronx, NY | $400,000 | $30,000 | $370,000 | 92% |
| Bronx, NY | $500,000 | $250,000 | $250,000 | 50% |
| Bronx, NY | $350,000 | $0 | $350,000 | 100% |
| WEIGHTED TOTAL | $1,890,000 | $525,000 | $1,365,000 | 72% |
Execution Profile
Property-level value creation, value proposition, and execution plan for each Bronx, NY NPL asset.
| Property | Value Creation | Value Proposition | Execution Plan |
|---|---|---|---|
|
Bronx, NY Two-Family Sold |
Challenges Active foreclosure; non-paying tenant buyouts and relocation | Upside Buyer sub-dividing to 8 units; option to develop +8 units via 6,000 sqft unused air rights | Plan Note settlement, non-paying tenant buyouts, sale |
|
Bronx, NY Three-Family Sold |
Challenges Active foreclosure; non-paying tenant buyouts; DOB violations | Upside $5k free cash flow as-is; option to redevelop into a 14-unit building with 9,675 sqft air rights | Plan Note settlement, non-paying tenant buyouts, sale |
|
Bronx, NY Three-Family Refinanced |
Challenges Active foreclosure; renovation needed; non-paying tenant buyouts; $90k NYC liens | Upside $5k free cashflow as-is; off-street parking; option to add 1 story (+2 units) with 1,200 sqft air rights | Plan Note settlement, refinance, tenant buyouts, lien settlement, renovate and lease |
|
Bronx, NY Three-Family Forbearance |
Challenges Active foreclosure; unpaid taxes and violations; non-paying tenant buyouts and relocation | Upside New construction; $9k pro-forma rent roll; 2,300 sqft air rights; off-street parking | Plan Forbearance settlement, tenant buyouts, renovate and lease, finish foreclosure eliminating NYC liens, refinance |
|
Bronx, NY Three-Family Forbearance |
Challenges Active foreclosure; unpaid taxes and violations; non-paying tenant buyouts and relocation | Upside 3,700 sqft two-family; $12k pro-forma rent roll; 5,100 sqft air rights; possible 12-unit redevelopment | Plan Forbearance settlement, tenant buyouts, renovate and lease, finish foreclosure eliminating NYC liens, refinance |
|
Bronx, NY Two-Family Forbearance |
Challenges Active foreclosure; unpaid taxes and violations; non-paying tenant buyouts and relocation | Upside Fully detached building; $8k pro-forma rent; 3,250 sqft air rights; possible 8-unit redevelopment | Plan Forbearance settlement, tenant buyouts, renovate and lease, finish foreclosure, refinance |
