SilverLeaf Financial Acquires More Commercial Assets in Massachusetts and California

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SilverLeaf CEO Shane Baldwin discusses the company’s most recent loan acquisitions

Salt Lake City, UT, August 31, 2009 — SilverLeaf Financial has recently purchased two loans totaling a face value amount of nearly $3 million from United Commercial Bank. The properties are located in Massachusetts. One loan is a $2.3 million face-valued loan that consists of a 452,000 sq. ft office/industrial building in Taunton Mass. The building sits on approximately 40 acres. SilverLeaf is excited about the purchase as there is terrific cash flow being generated from the tenants in this building.

The other purchase is nearly a $700,000 face value loan, consisting of approximately 40,000 sq. ft of office/industrial space in Wooster, Massachusetts. SilverLeaf has already contacted the borrowers and is currently in negotiations on the work-out side with both of the borrowers.

SilverLeaf Financial has also recently acquired a 42,000 sq. ft Medical Office/Condo building in Torrance, CA, about 15 minutes outside of downtown L.A. The property was purchased by the current borrower in 2005. It underwent extensive renovation, and the offices were converted into medical office condos for sale. SilverLeaf intends to continue to work with the current borrower of this loan. The original loan was underwritten by Marathon Structured Finance Fund, who sold the loan to SilverLeaf after they were unable to securitize the credit needed when the securitization market collapsed.

SilverLeaf intends to sell the medical office/condo units individually at a discounted price. Originally, these units were selling at $550 per sq. ft. two years ago. From a quality perspective, CEO Shane Baldwin says, “This is the nicest asset that we have purchased to date, and I am excited about the profitability of this venture.”

SilverLeaf Financial continues to look for distressed assets, and is an active buyer of distressed assets and distressed debt.

About SilverLeaf Financial

Headquartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm that focuses on purchasing pools of performing and non-performing, 1st deed of trust loan pools from the FDIC and other financial institutions for the purpose of prompt monetization. For more information visit the SilverLeaf Financial web site: http://www.SilverLeaf-Financial.com

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 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 Acquires 321 Single-Family Mortgages from Loans Originated by GMAC - July 13th, 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

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