Open Point Capital, LLC. is a real estate investment firm specializing in the acquisition and re-positioning of distressed mortgage notes to provide optimal returns for our own portfolio and our Joint Venture Partners.
Who We Are
Open Point Capital LLC is a private real estate investment firm committed to acquiring non-performing 1st lien assets from banks, hedge funds, and private lenders. We are actively buying for our own portfolio in several U.S. markets. Through a systematic process of evaluation and action these assets are re-positioned to provide multiple exit strategy options resulting in favorable returns for our investors.
To achieve above market returns while pursuing a socially sustainable investment strategy which strongly emphasizes giving troubled borrowers the opportunity to remain in their homes and avoid foreclosure whenever possible.
What We Do
We source discounted and distressed mortgages through our relationships with banks, hedge funds, and private equity groups. These may be purchased as ‘one-offs’ or in bundles.
Each mortgage is individually evaluated against our rigorous investment criteria to ensure multiple exit strategies which will meet our targeted return requirements.
Investments are managed through either loan reinstatement, modifications, deed-in-lieu or short sale. If a workout solution is not feasible, we move to secure the collateral through foreclosure.
Below are examples of the types of deals we source.
1st Lien UPB of $155,968 + 2 years arrearages
$55,000 Purchase Price + Attorney Costs + Fees
18 Months to Foreclose
Annualized 24.2% ROI
1st Lien UPB of $53,560 + 4 years of arrearages
$11,000 Purchase Price
Loan Modification in 6 Months of $523.44 month + $5,000 down
First year 74% ROI, Annualized 57.1% ROI over 2 years
DEED IN LIEU/reo sALE
1st lien UPB of $143,750 + 3 year of arrearages
Purchase Price of $55,000
40% ROI in 60 days
Jonathan Luis has been both a residential and commercial rehabber and has done project management for properties in his family’s real estate investment holdings.