What does NPN stand for?

In addition, Ackman-Ziff through AZ-Garnet Loan Sale Advisors, sells performing, sub-performing and non-performing notes secured by commercial real estate.

One source characterized King Capital as "a bunch of high-net-worth individuals" with a penchant for "buying either sub-performing or non-performing note portfolios.

The bank also is engaged in final negotiations to sell a portfolio of four commercial real estate loans to a private company specializing in buying secured, non-performing notes.

The Bluestone Group announced the recent acquisition of two non-performing note portfolios.

Team Nation utilizes its business relationships, experience and analytics to analyze, evaluate and acquire distressed security instruments, bonds (including: RMBS, CMBS, CDO and CMO) REO and non-performing notes at significant discounts from illiquid institutions and banks.

In addition, senior team members have executed more than $2 billion of performing, sub-performing and non-performing note sales in all major property types.

Three classes of distressed residential real estate assets will be acquired from lenders: (1) REO portfolios of single-family and multi-family properties, condos and senior housing, (2) closeout units in a residential development to provide immediate liquidity for the builder, and (3) non-performing notes on single-family and multi-family projects, including 90%+ completed projects, to free-up lender capital and relieve reserve requirement pressures.

In addition, senior team members have executed more than $2 billion of performing, sub-performing and non-performing note sales in all major property types.