Today we closed on our largest pool of notes. And when I say "we", I mean AJA Realty Investments and Cross Country Notes out of Austin. We purchased 31 notes out of San Antonio. $1,387,250.50 of unpaid balances on over $2,000,000 in equity. We funded $762,987.78 for the notes and raised another $158,274.22 for the workout. Of the 31 notes we purchased, 13 are performing. We paid 55% of UPB on both performing notes and non-performing assets with full equity. That's unheard of, especially in Texas. That's a score.
We're looking forward to working with our new partners and making some money for our (Joint Venture) JV investors as well. What does it take to be a JV investor? Shoot us an email or message to find out.
Now AJA Realty Investments is working on a new structure for our JVs to make it safer to invest and still give you the perks of equity ownership in the assets. Stay tuned to find out more.