NON PREFORMING NOTES and REO
Our mission at UMOJA USA LLC is to
share the knowledge and experience we've gained buying and working out
thousands of delinquent notes and REO over the past several years. Our aim is
to show “our joint venture partners”
how to partner with us.
Our direct sourcing model provides “our joint venture partners” a place to buy and sale reo and non performing notes and in most cases without the paperwork hassle required by most note brokers. We work directly with private sellers and financial institutions, we do not work with broker chains; we only work directly with the seller. If you are interested in purchasing Nonperforming Note portfolios you must be liquid JV Partner to invest and be able to move quickly when a JV partnership that fits your needs becomes available. Once qualified, “our joint venture partners” will receive regular updates and information on our acquisitions.
We believe that this business provides a perfect opportunity to help distressed homeowners, much-needed liquidity to lenders, and excellent returns to our active and passive “our joint venture partners”.
Our direct sourcing model provides “our joint venture partners” a place to buy and sale reo and non performing notes and in most cases without the paperwork hassle required by most note brokers. We work directly with private sellers and financial institutions, we do not work with broker chains; we only work directly with the seller. If you are interested in purchasing Nonperforming Note portfolios you must be liquid JV Partner to invest and be able to move quickly when a JV partnership that fits your needs becomes available. Once qualified, “our joint venture partners” will receive regular updates and information on our acquisitions.
We believe that this business provides a perfect opportunity to help distressed homeowners, much-needed liquidity to lenders, and excellent returns to our active and passive “our joint venture partners”.
Opportunity
for ‘“our joint venture partners”
Since its founding in 2007, UMOJA USA LLC has partnered with our joint venture partners” to capitalized in this asset acquisitions model.
“Our joint venture partners” enjoy these key benefits:
Since its founding in 2007, UMOJA USA LLC has partnered with our joint venture partners” to capitalized in this asset acquisitions model.
“Our joint venture partners” enjoy these key benefits:
- Attractive rates of return
- The JV Partnership owns real estate assets with a value at least equal to the amount of investment capital
- Ability to draw down one's capital account to buy Performing and Non-Performing Notes from the JV Partnership
- Exclusive and/or early access to REO and Performing Notes, available for purchase.
- JV Partnership will rep and warrant all nonperforming notes to be a valid lien and in the lien position disclosed.
- Note: UMOJA USA LLC has never been late or missed a payment to its “our joint venture partners”
- Participation in a purely passive investment vehicle
How
Our JV Partnership Works
UMOJA USA LLC and “our joint venture partners” capital are uses to allow our Acquisition and Data team to go to market to purchase distressed assets. UMOJA USA LLC utilizes its well-established relationships with institutional lenders and servicers to purchase these distressed assets at a discount, in exchange for providing these major banks and servicing companies with liquidity. Following the acquisition, UMOJA USA LLC's collection process, through its team of Property Managers, works towards a desired outcome for the borrower. Re-performing assets are either sold to registered note investors on a loan level basis or these assets remain in the JV Partnership.
UMOJA USA LL subscribes to interests in the JV Partnership, and receives their preferred payments at the closing of each transaction, which is typically a 6 to 12 months term. We also offer “our joint venture partners” with the flexible option to redeem their shares up until the date of maturity (typically 3(three) years) to acquire available assets from the JV Partnership.
UMOJA USA LLC purchases reo, notes and mortgages through its JV Partnership ownership interest, secured by the collateral purchase. All our notes are service by our attorneys or qualified servicers.
With a seasoned executive team, an experienced and professional staff, and proprietary matrix, UMOJA USA LLC is well positioned to continually expand its ability to purchase and manage significant volumes of distressed assets.
Who May Participate in the JV Partnership?
UMOJA USA LLC’s and its JV Partnerships are only open to other “our joint venture partners”. In order for an individual or an entity to qualify, they must typically meet at least one of the following criteria:
UMOJA USA LLC and “our joint venture partners” capital are uses to allow our Acquisition and Data team to go to market to purchase distressed assets. UMOJA USA LLC utilizes its well-established relationships with institutional lenders and servicers to purchase these distressed assets at a discount, in exchange for providing these major banks and servicing companies with liquidity. Following the acquisition, UMOJA USA LLC's collection process, through its team of Property Managers, works towards a desired outcome for the borrower. Re-performing assets are either sold to registered note investors on a loan level basis or these assets remain in the JV Partnership.
UMOJA USA LL subscribes to interests in the JV Partnership, and receives their preferred payments at the closing of each transaction, which is typically a 6 to 12 months term. We also offer “our joint venture partners” with the flexible option to redeem their shares up until the date of maturity (typically 3(three) years) to acquire available assets from the JV Partnership.
UMOJA USA LLC purchases reo, notes and mortgages through its JV Partnership ownership interest, secured by the collateral purchase. All our notes are service by our attorneys or qualified servicers.
With a seasoned executive team, an experienced and professional staff, and proprietary matrix, UMOJA USA LLC is well positioned to continually expand its ability to purchase and manage significant volumes of distressed assets.
Who May Participate in the JV Partnership?
UMOJA USA LLC’s and its JV Partnerships are only open to other “our joint venture partners”. In order for an individual or an entity to qualify, they must typically meet at least one of the following criteria:
- An individual with income exceeding $100,000 or joint income with his or her spouse of at least $200,000, in each of the last two years with the expectation to reasonably maintain the same level of income in the present year;
- An individual with a net worth exceeding $1
million, excluding the primary residence, either individually or jointly with
his or her spouse;
- An entity that has assets exceeding $5 million
that was not formed solely for the purpose of making the investment; or An entity whose owners all
satisfy 1, 2, or 3 above.