Las Vegas

Distressed Mortgage Acquisition Specialist Gets Strategic Investment 

Liberty Capital Asset Management, an asset management company which specializes in the acquisition of distressed mortgages said Thursday that it has executed an agreement with an affiliate of New York-based Silar Advisors LP to invest up to $50 million to acquire defaulted subprime mortgage pools. Silar also will acquire a 6.7 percent interest in Liberty, and an option to purchase additional equity within the next 60 days, under a separate agreement that both companies said extends their partnership.