DISTRESSED DEBT – POLICIES & PROCEDURES MANUAL

Section 1
ACQUISITION POLICIES AND PROCEDURES
1.1 INTRODUCTION

Trident’s Commercial Discount Loan Department (“CDL”) mission is to acquire non-performing commercial mortgage loans with balances in excess of $2 million. The sources for these loans include the Wall Street Commercial Mortgage Backed Securities Servicing Companies, as well as other private sources, such as banks, insurance companies, pension funds and selectively through various brokers. In addition, CDL will work directly with developers who are having difficulty negotiating loan restructures with their lenders in an effort to design “pre-packaged” exit strategies.

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