Lenders are not in the business of owning tangible assets. In uncertain economic times, to be effective collateral disposition must strike the perfect balance between timely creating liquidity and achieving the best possible recovery given the circumstances of the assets and the overall market.
Purple Wave brings to its financing clients one of the industry’s largest established base of buyers and a liquidation platform that is second to none. Our 35,000+ registered bidders from around the world visit purplewave.com frequently to examine merchandise and place bids - creating a low-risk liquidation environment.
Our turnkey service provides a stress-free liquidation method that minimizes client"s work and maximizes their return. When it comes to converting lender-owned assets into cash, Purple Wave is the perfect solution for liquidating:
Our services to lenders include:
- professional pre-auction advisory services
- marketing planning and production
- minimal lender visibility
- comprehensive bidder interface and management
- payment collection
- vehicle title transfer coordination
- market value recovery on your time line
- asset relocation and security as required
- professional reporting and settlement
- catered services to fit lender"s needs
- direct one-on-one care
History of success
Many lenders have experienced first-hand the power and unique fit that our Internet-only auction platform provides.
"The recoveries obtained through the Internet-only auction were incredible. Although we never want to be liquidating collateral, we will definitely utilize Purple Wave"s services again if needed. They allowed us to cut off our holding costs and provided real returns while our staff were free to focus on our core business. I"m very impressed with Purple Wave."
Chris Yohe, Sr. Vice President, Bank VI, Salina, Kan.
Bank VI realized nearly three times its original expected recovery
Review the Bank VI case study >
Learn more about selling real estate, equipment, vehicles and specialty property at auction.
