Need Help Talking to Banks

[Allen Gregory]

Hi Everybody,

I hope this doesn't go over too many people's heads but I'm sure there's an experienced person that can help me. Here goes:

I have a gentleman who sent me a list of banks that are selling NPNs (non-performing notes) backed by commercial assets. It's a little intimidating calling a bank and talking about this stuff.

I think I figured out a pretty good opening line when I call the bank:

"I'm looking to make a full-boat purchase of NPNs backed by commercial assets with UPBs (unpaid balance) of at least $100M"

I think that sounds pretty good. It would be great if someone could help me with that.

Also, when I call the bank who are the correct people to speak with regarding this?

Any help you can give is greatly appreciated.

Thanks,
Allen