Case Study: TFA4 Loans

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No payments have been received since November 2016 on the 12 Tri-Global serviced loans. On the TFA4 serviced 20 loans, no payments have been received since April 2015. Takeover Letter on the TFA4 loans was sent and "Goodbye Letters" to the borrowers were also sent, advising them of the takeover (effective April 4, 2016) and directing them to make future payments to COTMF. In the 4Q2016, TFA4 provided Schedules of Amounts Due and Allonges. "Put Letters" were sent to Tri-Global Financial Services and its Owners/Guarantors on October 28, 2016, and effective 12/15/2016, we took over the servicing of TFA4 loans. Litigation seeking judgment has started against the borrowers and the guarantors. All corporate entities were served on 1/13/2017, and

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