NPA Associates, llc (NPA) is a privately-held firm specializing in the purchase of residential, commercial and recreational vehicle loans as well as loan servicing, asset-based lending and loan portfolio asset management.
Our asset base is currently 20,000 loans with a UPB (unpaid principal balance) of just over $950,000,000. Our reputation within the investment and commercial banking communities is built on our personal and expedient service, flexibility, and commitment to professionalism and integrity.
With the ability to fund multi-million dollar transactions, you can be confident we can fund your loan transaction. We offer the capital, liquidity and team of professionals to support a wide range of acquisitions.
In 2014, NPA has acquired over $15,000,000 in REO and 1st mortgages from FBC and over $6,000,000 from NVSL in small commercial and residential 1st mortgages. The companies have an ongoing purchase program for MI 2nd mortgage loans nonperforming from insurance companies. NPA closed out its nonperforming jumbo mortgage position in the USVI, making a successful market in nonperforming residential mortgages in St. John and St. Thomas since 2010.