At Principis, we are more than a servicer.
We are an agent, a gatekeeper and the custodian of our client.
The Principis commercial debt servicing team provides expert and efficient loan administration services tailored to the specific needs of our clients in the United States and Canada. We help our clients maximize income while minimizing risk and lowering overhead costs.
Our approach is process-driven and technology-based, ensuring accuracy, speed and quality. With our local knowledge and resources, we create custom solutions tailored to each client’s objectives within their specific jurisdiction.
Principis Capital's Seller Finance program provides loan sub-servicing and administrative services to both seller and buyer in a real estate transaction that does not involve an institutional investor. Principis Capital's ability to service accounting needs, tax reporting and other needed paperwork allows for both the seller and buyer to benefit from a private real estate sale.
Our Seller Finance program includes the delivery of monthly payment statements, collection of monthly payments, maintaining records of payments and balances, managing escrow funds, delinquency follow-up, managing payoffs and lien release and preparation of IRS-required documents.
Our proprietary seller finance servicing system allows for both flexibility and ease of customization to accommodate program modifications.
An equipment lease agreement is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments. The subject of the lease may be vehicles, factory machines, medical equipment, restaurant fixtures and equipment, automotive equipment, computer equipment or other types.
Principis is uniquely positioned to service any type of custom lease program agreement. Below are samples of the programs we manage:
Non-Bank Financial Institutions (NBFI) provide specialized services to businesses in many industries. In many cases these NBFIs provide loan and credit facilities to their clients.
Principis services loan portfolios for our NBFI clients. We provide unparalleled reporting, insights on performance, trends and projections to our clients.
Over the past 10 years, Principis has perfected servicing and collection techniques on the most difficult of asset classes: merchant cash advances that call for daily payments.
Principis can manage the servicing of your assets from beginning to end. For defaulted assets that require legal collection, we utilize our network of attorneys throughout the United States and Canada to file suits and obtain judgments, domesticate judgments in debtor states, locate debtor assets, and maximize recovery.