SilverLeaf Financial Acquires Loans in Jacksonville, FL and Farmington, UT

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Salt Lake City, UT, September 23, 2009 — SilverLeaf Financial (http://www.silverleaf-financial.com) has recently acquired two new loans. One of these loans is a 7-million-dollar face-valued loan in Jacksonville, FL. The loan is secured by an 83-unit condo complex. This originally was an apartment complex purchased by the borrower in 2006 and converted into 219 residential condos. The borrower was able to sell off the majority of the units except for 83. The borrower chose not to sell those units because of the current economic situation and the condo market, and instead has chosen to rent the remaining units. All but two units are currently rented. Shane Baldwin, SilverLeaf CEO, says, “We liked the property because of the underline cash flow, the leases that were in place, and the rents that were coming in.”

The second loan SilverLeaf purchased is located in Utah. It is an acquisition and development loan secured by 69 developed and improved residential lots, along with a duplex in Farmington, Utah. This is the first loan SilverLeaf has purchased in Utah, and they are very excited about purchasing a loan in their own backyard.

SilverLeaf continues to be an active buyer in the distressed debt market. SilverLeaf has several loans on their books that they would be interested in selling to interested potential buyers. For more information, contact Colby Bond at 801-359-2855 ext 555. Colby is the head of the Collateral Disposition and Loan Sales department, and would happy to talk to people about selling off some of SilverLeaf’s loan inventory to interested buyers.

SilverLeaf also announces its participation in the October 5th and 6th IMN Distressed Commercial Real Estate Forum in New York City. Baldwin will be speaking on three panels, “Is Now a Good Time to Invest in Distressed Commercial Properties and Paper,” “Secondary Market Opportunities in Non-Underperforming CRE Loans,” and “Buying Loans From a Bank.” This event will be held at the New York Hilton. Baldwin will also be speaking at the NAIOP annual Commercial Real Estate Meeting in Chicago, October 14th-16th at the Sheraton Chicago Hotel & Towers.

About SilverLeaf Financial

SilverLeaf is a private equity firm headquartered in Salt Lake City, Utah. They focus on purchasing performing and non-performing first deed of trust loan pools from the FDIC and other financial institutions for the purpose of prompt monetization. Visit http://www.silverleaf-financial.com for more information.

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 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 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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