SilverLeaf Financial Acquires 321 Single-Family Mortgages from Loans Originated by GMAC

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SilverLeaf Financial’s CEO, Shane Baldwin, speaks about the firm’s most recent loan pool acquisitions

     

     

The assets in the most current loan pool consist of 321 single-family 30-year mortgages, which include a mixed bag of non-performing and performing loans that originated from GMAC, the financing arm of struggling automaker General Motors. SilverLeaf will work with the individual borrowers to create a win/win situation to restructure their debt owed in the coming months.

SilverLeaf has also acquired a 5 Million dollar note which is secured by a newly constructed 58,000 sq ft climate-controlled self storage facility in Fort Meyers, Florida. The asset is 50% occupied; the borrower is ASAP Storage. SilverLeaf is excited to be working with ASAP Storage to come to an arrangement which will be mutually beneficial to both SilverLeaf and the borrower.

SilverLeaf Financial has also announced new in-house counsel that has joined the company’s roster. Heston Nielson, Esq. is a graduate from California Western School of Law, a private school in San Diego. He has been practicing law for four years, specializing in securities law, real estate law and estate planning. SilverLeaf is excited to welcome Heston as the newest member of the SilverLeaf family. “Heston will play an important role within our company. He will facilitate the legal side of the financial firm’s transaction activities, as well as handle our real estate and mortgage company’s legal matters. We are excited to have him onboard,” says SilverLeaf’s CEO, Shane Baldwin.

SilverLeaf Financial intends to acquire more and more failed bank assets, both sub-performing and non-performing loans. SilverLeaf is actively engaged with several other private equity funds that are seeking to set up an exclusive relationship with SilverLeaf Financial. Nevertheless, SilverLeaf is still interested in talking with other parties that may want to partner with them as they continue to buy 1st position trust deed notes from the FDIC and other financial institutions.

About SilverLeaf Financial

Headquartered in Salt Lake City, Utah, SilverLeaf Financial (http://www.silverleaf-financial.com) is a private equity firm organized to capitalize on the window of opportunity that has arisen from the current recession within the economic arena. They do this by selectively offering participation opportunities to accredited investors, who then join SilverLeaf in purchasing 1st position deeds of trust from the FDIC and other financial institutions.

Other press releases from SilverLeaf Companies

• SilverLeaf Financial Acquires 10.2 Million in Commercial Loans in Ohio - November 17th, 2009
• SilverLeaf Financial Acquires $30 Million in Commercial Paper in the Month of September - October 13th, 2009
• SilverLeaf Financial Acquires Loans in Jacksonville, FL and Farmington, UT - September 23rd, 2009
• SilverLeaf Financial Acquires More Commercial Assets in Massachusetts and California - August 31st, 2009
• SilverLeaf Seminars Is Giving Away a House - August 28th, 2009
• SilverLeaf Financial Discusses Their Purchase of 321 Single-Family Residential Mortgages - July 22nd, 2009
• SilverLeaf Puts 321 Single-Family Notes Up for Sale to the Public - July 22nd, 2009
• SilverLeaf Financial Seeks to Raise Additional 100 Million in Investment Funds - May 27th, 2009
• SilverLeaf Financial to Be a Panel Participant in the IMN Forum in New York City - May 14th, 2009
• With the Slow Real Estate Market, Why Are More Agents Joining SilverLeaf Realty? - May 14th, 2009