Silverleaf Financial Baldwin
Silverleaf Financial Baldwin focuses primarily on investing in affected financial debt. The company recently received non-performing notes. All six of these notes are properly secured as a result of apartment complexes, that happen to be based in Georgia. The overdue balance of these apartment complexes is projected to be $16,611,579.
The complexes very delinquent due to the improper marketing tactics and over-leverage. The complexes include 751 condominiums near the Atlanta Metro area.
Shane Baldwin of SilverLeaf revealed that the firm loved the collateral after considering its spot and probable market value down the road.
The Southeast market appeared to be a struggling market for property investors many years back, it isn't this way any more. The recent
Silverleaf Financial Baldwin
The Southeast market is seeing a continued boost in affected debt size. A few weeks ago a Daily News article noted affected real estate in the U.S. now totals $181.1 Billion, a growth of $.05 Billion ever since the second quarter of 2011. They reported multi-family assets account for $36 Billion of that number. Both CMBS trusts and U.S. banks have sorted out a equally small section of their affected debt from a last year.
The firm has long been active buyers in the debt market this quarter, while staying true to their mode of functioning. Baldwin commented, "Our investment platform boasts a strategy through which we get lending options and loan investment portfolios that are priced under the intrinsic value. Just in case we exhaust our work out or restructuring options, the hope is we own the real estate at a good value."
This newest purchase brings SilverLeaf Financial's purchase total to $647 Million of face value non-performing notes ever since the company's beginning. As part of the firms extended center on commercial real estate related debt opportunities, SilverLeaf intends to obtain additional loans that match their opportunistic strategy.
