LFS has established relationships with governmental agencies, national banks, and many regional banks. These range from Asset/Portfolio Managers to high-level bank executives. Participation has been in competitive bid pools as well as inventory carve-outs exclusively for LFS.
Landmark Financial Services (LFS) is a leading private equity firm that specializes in the acquisition and distribution of bank owned assets and is the capital partner to Landmark Insiders.
Examples of some of these relationships LFS has purchased assets from include:
- JPMorgan Chase Bank
- Wells Fargo Bank
- Fannie Mae
- GMAC
- US Bank
- Deutsche Bank
- Ocwen Loan Servicing
- LaSalle Bank
- Aurora Loan Services
- Beal Bank
- MTGLG Investors, LP
- EMC Mortgage Corp
- Bayview Loan Servicing
- Citibank
- American General Finance Services
- HSBC Bank
Click here to view a few examples of deeds from properties purchased by companies owned by LFS. Certain information confidential to clients has been masked.
As a private equity firm, LFS is a buyer (purchasing entity from financial institutions), not a broker. The specific manner in which LFS purchases assets is through a single purpose entity…meaning that an LFS attorney creates LLCs that are owned by LFS which are used to purchase the assets. Ownership is direct from the bank to one of these LLCs (deeds are recorded in the name of a particular LLC). Many of the asset pools purchased are retained by LFS while others are sold through our Insider Asset platform. Accredited investors can not only purchase the assets from the LLC but, as a convenience, also purchase 100% of the membership interest in the LLC from LFS.
Because of their position within the market, a main focus of LFS is to continue to provide workable exits through wholesale transactions for the current banks to which it has relationship with; and to secure additional strategic banking relationships for the purpose of acquiring non-performing assets in order to re-introduce them to communities in performing condition.
The success LFS has enjoyed in working with these financial institutions is largely due to being respectful to their situation and easy to work with, their focus on socially responsible investments, doing what they say, and their ability to perform. Collectively as a firm, in the first quarter of 2010, LFS has $169 million ready to deploy with approximately $3 billion behind that they can access.
The following is a snapshot of what some of the inventory needs are:
RESIDENTIAL
45% - 55% of BPO
- Sunbelt states (Alabama, Arizona, Arkansas, Florida, Georgia, Louisiana, Mississippi, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas)
- New York (prefer these counties: Kings, Nassau, Suffolk, Queens, Bronx, Westchester, Rockland)
- New Jersey (prefer these counties: Hudson, Union, Bergen, Middlesex, Somerset)
- Texas (prefer these counties: Dallas, Tarrant, Collin, Denton)
- Colorado, Connecticut, Idaho, Illinois, Maryland
55% - 65% of BPO
- California (especially SoCal)
- Arizona (prefer Maricopa County)
- Nevada (prefer Las Vegas)
- New York (prefer New York County)
- Oregon, Washington
- Utah (prefer Salt Lake and Utah counties)
American Dream Project ($10-50K acquisition cost)
- Dallas
- Houston
- Chicago
- Atlanta
- Miami
- Tampa
- Las Vegas
- Phoenix
- San Bernardino
- Sacramento
- Charlotte
COMMERCIAL
- California, Nevada, and Sunbelt states
- 200+ unit apartment complexes in Dallas and Houston (built mid 80's and later)
NOTES
Non-performing
- California, Nevada, and Sunbelt states
