How to Source Whole Loans on Capstack Technologies Platform

Learn how to source whole loans on the Capstack Technologies platform.

03 Jan 2025 By John Roberts

In this guide, we will learn how to source whole loans on the Capstack Technologies platform. The process is simple and clean. Begin by logging in and navigating to the Marketplace where you can find and evaluate potential loans to purchase.

Let's get started

This clip will show you how to source assets if you're interested in buying whole loans on the Capstack Technologies platform. First, log in and go to the Marketplace.

Step #1: Click on "Marketplace" — Click on "Marketplace"

When you get to the Marketplace, the first page that appears is our Participations marketplace. Click on "Whole Loans" just the right of Partcipations.

Step #2: Click on "Whole loans" — Click on "Whole loans"

Next, scroll down to view loan "tiles" and find loans that interest you.

Let's say we're interested in these $49 million adjustable residential loans. You would click on this "tile".

You will then see a "tear sheet" displaying the weighted average FICO, weighted average loan-to-value, weighted average coupon, and average balance for the 78 loans making up this tape. Notice that they are all adjustable rate loans.

These particular loans are Alt Doc loans so they have no debt-to-income ratio. They are residential mortgages made to high net worth individuals. As you scroll down the tear sheet we observe the FICO distribution, loan-to-value distribution, and coupon (Current Rate) distribution.

Step #7: FICO Distribution — FICO Distribution

Step #8: LTV distribution and Current Coupon distribution — LTV distribution and Current Coupon distribution

These loans have a remaining maturity of 29 years.

They are all floating rate loans over SOFR30A.

You can see where the loans are geographically located by hovering over a state to view the outstanding balance and the number of loans in each state.

Step #9: There are 42 loans in CA with a total outstanding balance of $31.901mm — There are 42 loans in CA with a total outstanding balance of $31.901mm

We provide a bar chart of the top states and another for the top cities.

Step #10: Top States bar chart — Top States bar chart

Step #11: Top Cities bar chart — Top Cities bar chart

If you're interested in these loans, scroll back to the top and click on "Submit Request."

Step #12: Click on "Submit request" and the button in the top panel and it will change to "Request submitted". — Click on "Submit request" and the button in the top panel and it will change to "Request submitted".

The seller will be notified immediately of your request. At this stage, the process is still anonymous. You do not know who the seller is nor do you have access to detailed information on the loans. The seller does not know who you are. Once the seller approves your request, the two of you will simultaneously discover who one another are and be placed in the negotiation room. This is where the transparent negotiation between the buyer and seller begins. There is no middleman. Detailed loan information can be exchanged, supporting documentation is loaded by the seller for your review, and price is negotiated. The next video will show an example of how buyer and seller negotiate and exchange documents. Please call or email with any questions. Thank you.