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SilverLeaf Expands Distressed Asset Purchases in Massachusetts
Sep 02, 2009Private equity firm SilverLeaf Financial continues to expand its investments in distressed assets, recently acquiring two commercial loans totaling nearly $3m. The loans, acquired from United Commercial Bank, secure office/industrial properties in Massachusetts: a 452,000-square-foot property with a $2.3m loan and a 40,000-square-foot property with a $700,000 loan. The $2.3m loan generates strong cash flow, and SilverLeaf said it is negotiating work-out options with the borrowers of the smaller loan.
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Equi-Trax Alerts Servicers of Potential Loan Mods, Short Sales
Sep 02, 2009 -
Mortgage Rates Drop to Three-Month Low in Freddie Mac Survey
Aug 20, 2009 -
Freddie Sees Weekly Rates Rise on Lower Unemployment
Aug 13, 2009 -
ResCap, Mountain Funding Enter Servicing Agreement
Aug 11, 2009 -
Economic Fears Drive Homeowners’ Spending: Wells
Aug 11, 2009 -
Freddie Sees 30-Year FRM Rates Jump to 5.25%
Jul 30, 2009 -
Private Equity Pulls Auctioneer from Bankruptcy
Jul 24, 2009 -
DebtX to Sell $1bn in Loan Participations from Failed Banks
Jul 22, 2009