Non-Performing Notes

We work with community lenders selling Non Performing Notes and Properties.

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Member of
Connecticut Community Bankers
Massachusetts Bankers Association
Northern New Jersey Community Bankers
ICBA - Independent Community Bankers of America

Overview

Trinity Appraisal & Real Estate Services provides a comprehensive range of business lines related to the valuation, restructuring, and disposition of loans through Trinity’s Special Asset Group. In establishing and maintaining close relationships with national and local lenders, Trinity has a large, constantly updated portfolio of non-performing notes.

Client Services

As a former banker with over 36 years of experience in marketing and workouts, Jim Heneghan understands the requirements and concerns of a financial institution regarding the sale of distressed notes and assets. We therefore adhere to the following business practices:

  • Discreet transaction information so that only qualified buyers are aware of the note/asset details.
  • Assurance that current property owner’s information is kept as confidential as possible.
  • Prequalification of buyers and verification of fund’s availability.

Experienced Banking Team

James Heneghan
Jim established Trinity Appraisal & Real Estate Services in 1986. He is a certified appraiser in both CT& MA. He is also a licensed real estate broker in CT, MA, NH, NY & RI. For 25 years he was the senior Correspondent Banking officer for major regional banks. He is a qualified instructor for Real Estate Finance with the American Institute of Banking.
 
Robert Dougherty
Bob is an experienced banking professional and has worked exclusively with regional and community banks as a correspondent banking officer for over 25 years.  Bob specialized in treasury management services, investments and loan participations.  Bob is also a licensed real estate salesperson in MA.
 
Joseph Lynch
Joe has a long and diverse experience in mortgage and commercial banking and has been active in New England since 1982. His expertise includes the development of new business, loan review, workout, and portfolio administration. He holds degrees from Fordham University and New York University and has been an instructor for The American Institute of Banking and a member of the National Credit Quality Committee of the Risk Management Association.

Walter Schicko
Walter has a background in lending and sales. He began his career at CBT and worked in Correspondent Banking for 10 years and was also the manager of the secondary market in the banks mortgage department. Most recently he was employed at the Connecticut Student Loan Foundation as the Director of Lender Relations. He holds degrees from University of Hartford, Trinity College and Amos Tuck School of Graduate Credit and Financial Management Dartmouth.

Asset types

  • Non-performing loans
  • Performing loans
  • Credit-impaired performing loans
  • Real estate owned (REO)
  • Charged-off portfolios

Trinity Real Estate & Appraisal Services realizes that in order to expedite the sales cycle of non-performing notes comprised of various real estate assets, continuous contact with the experienced note buyers is required. The challenge thus becomes to efficiently reach out to a multitude of note buyers while maintaining a discreet and secure transaction to satisfy the concerns of financial institutions as outlined above.

To answer this challenge, Trinity has developed a secure and efficient web-based marketing approach where new and current investment opportunities are viewed by our current database of 3,000 potential investors. Our success has been in identifying these qualified investors and making them aware of opportunities through both individual contact and monthly web updates.

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Current Listings Details (Login Required)
Stamford CT Judgement
Capitol Region, NY hotel
Hunterdon County, NJ office / retail
Nassau County, NY Commercial Building
Suffolk County, NY land
Long Island self storage
NY Golf Course
Central CT gas station