Frequently Asked Questions
NPL Swap is an efficient marketplace for buying and selling non-performing loans.
NPL stands for non-performing loan. In the instance of NPL Swap, it’s a non-performing real estate loan. It is a loan where the borrower is no longer providing payments to the lender.
NPL swap differs from the competition because of its proprietary end-to-end technology. The platform brings together a heavily vetted group of buyers & sellers. This approach allows price discovery for a higher certainty of successful transactions, while maintaining confidentiality.
After buyers and sellers are vetted to be granted access to the platform, sellers will have the ability to enter (X) points of data for each of their loans that are for sale. Once loans are uploaded to the platform, buyers will be notified of any loans that match their predetermined investment criteria. All loans will be viewable/searchable on the marketplace for all users. Once a buyer finds a loan that they’d like to purchase, the entire transaction is completed through the platform, seamlessly and efficiently.
We can list NPLS from all 50 states.
Buyers will apply online, providing information about their purchasing entity such as proof of funds and overall strategy. Once approved, they will need to keep their information updated on an annual basis to keep their account active.
Sellers will apply online, providing information about their selling entity such as seller’s background and operations process.
Yes. Currently, a user that would like to both purchase and sell NPLs will be able to do both in their account. We will set up a Buyer Dashboard and a Seller Dashboard for those users.
Currently buyers need to be an entity as the entire platform is set up for only B2B transactions.
Currently sellers need to be an entity as the entire platform is set up for only B2B transactions.
Yes, NPL Swap is a subsidiary company of Sharestates Inc. While we work under the Sharestates corporate umbrella, we operate as our own entity.
We accept both individual loans and portfolio/blanket loans.
NPL Swap charges a transaction fee of 1% on the total price of each loan sold through the platform. This fee is charged at the completion of the transaction and is automatically deducted from both the seller and buyers’ funds.
Some loans will be sold at a discount, some at par, some at a premium. The buyers will determine the price that they pay for each loan through a bidding system.
There is always a potential risk with any investment. We highly suggest that our buyers are experienced with purchasing and managing non-performing loans before they begin purchasing NPLs through our platform.
Yes, the NPL Swap allows for non-US entities to purchase loans but all properties will only be from the United States.
Yes, the NPL Swap allows for non-US entities to sell loans but all properties will only be from the United States.