Headquartered in Seattle, Onyxx Investment Group is a firm focused on acquiring performing and non-performing 1st

Deed of Trust whole loans, Judgments and Liens secured by commercial and residential real estate. Onyxx Investment Group works close with the FDIC, banks, special servicers, private sectors as well as Bankruptcy Trustees and other financial institutions to purchase assets for the purpose of future monetization.

ONYXX PARTNERS OPPORTUNITY

Leading up to the current US financial crisis commercial real estate investors used as much cheap debt as they could to develop, purchase or refinance properties. Many of those loans make their way into pools of mortgages behind commercial mortgagebacked securities (CMBS). Because of declining prices and a weakened economy, many borrowers find themselves in economic or maturity default. There have been 349 Bank Failures from January 2008 through the 1st quarter of 2011. Because banks are carrying nonperforming, under-performing or equity deficient loans they are under tremendous pressure from regulators to raise capital. Because of their reluctance to book losses banks are often under quarterly reporting pressure.

Commercial and Multifamily Mortgage Maturities Loans Maturing by Year

Many lenders are not experienced in managing commercial real estate. They find themselves facing the challenges of a control position, which further accelerates the selling of mortgages and depresses their price even more. Prices are below the intrinsic value due to the economic downturn and excess leverage. The outcome is that buying distressed debt is a great idea when it can be done at prices that are below the intrinsic value of the underlying collateral. Onyxx identifies and applies a complex underwriting process to determine each purchase with the appropriate exit strategies of each purchase.

Sources: Federal Reserve, Foresight Analytics

866.992.9155

GENERAL PROCESS
Maintain a constant watchful eye of distressed and/or defaulted commercial / residential whole loans from various financial Institutions (FDIC, banks, special servicers and the private sector etc) Assess and analyze each asset to formulate the best possible plan for future monetization Perform extensive underwriting due diligence for each prospective loan, including original loan file review, current market loan to value (LTV), on-site due diligence and borrower strength assessment relative to each prospective loan and the associated collateral Acquire loans through negotiation within our acceptable target range Monetizing acquired assets through deal-specific and calculated exit strategies

LOAN CRITERIA
Location Size of unpaid principal balance (UPB) Asset Class (Residential, Multi-family, Retail, Office, Industrial / Warehouse, Self-Storage, Land, Hospitality) Performance level of loan Defining if insurable Cash flow/ Occupancy Property age and condition Borrower capacity to facilitate a prompt discounted payoff or workout agreement Recourse/ Non-recourse

EXIT STRATEGY
Re-trade the note for a profit Restructuring - Negotiate a forbearance agreement with the borrower Enter a cooperation agreement with the borrower to short sell the collateral Execute a deed-in-lieu of foreclosure to take possession of the property Foreclose to take possession of the property Sell as real estate owned (REO) Hold and manage the asset to maximize value at a future sale

866.992.9155