Asset Types
BSB Capital focuses on five key asset types in the secondary market, although any fixed income opportunity will be considered.
- Residential Loan Portfolios
- The minimum pool size considered is generally $50 million, although smaller deals will be considered on a case-by-case basis; there is no maximum size limit on any pool. Seasoned, performing first liens are preferred, with any doc type, credit quality, or loan type being eligible for consideration. No new production (less than 12 months seasoned) will be considered.
- Commercial Whole Loans
- The minimum loan size is typically $5 million, although smaller loans will be considered on a case-by-case basis; the maximum loan size is $500 million. Seasoned, performing first lien or “A” notes are preferred.
- Residential Mortgage Backed Securities
- There are no size limitations, and our primary focus is on sub-prime and other non-agency assets.
- Commercial Mortgage Backed Securities
- There are no size limitations, and any shelf and collateral type will be considered.
- Syndicated Bank Debt and Corporate Bonds
- There is no minimum size limitation; however, the maximum limitation to a single borrower is approximately $500 million. Our primary interest is in senior secured first lien positions with all industries, companies, and collateral types considered.