Popular in Course
verified elite notetaker
Popular in Real Estate
This 1 page Document was uploaded by an elite notetaker on Tuesday December 22, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 7 views.
Reviews for Shane-Baldwin-Fraud
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 12/22/15
Shane Baldwin Fraud SilverLeaf Financial Establishes Brand new Record in First Quarter 2010 SALT LAKE CITY, April 28, 2010 - SilverLeaf Financial (http://SilverLeaf-Financial.com) just closed its most effective quarter ever since their inception in 2008 - announcing the acquisition of seven non-performing loans, equaling an overall total outstanding principal balance of approximately $51 million dollars. The loans are diversely strategically located country wide in the states of Utah, Oregon, Wisconsin, North Carolina and Florida. That makes the 1st quarter of 2010 SilverLeaf’s most effective quarter to this point. SilverLeaf is already in workout negotiations with the borrowers on these assets. SilverLeaf Financial continues to aim its initiatives on obtaining non-performing loans secured by cash flowing commercial real estate which include retail, office, industrial/flex, multi-family, storage, regional malls, hospitality and land across the country. To this point, SilverLeaf has obtained 45 loans equaling over $166 million dollars of outstanding face value. SilverLeaf Financial remains an active buyer in the market, and attempts to go on outperforming their quarter over quarter production from 2009. SilverLeaf Financial is well heading to transforming into a leader in the distressed debt business by maintaining consistent flow of loan purchases from the FDIC, national and localized banks, and special servicers. SilverLeaf is additionally delighted to announce Mark Staples as the new Chief executive of SilverLeaf Financial. Staples’ primary focus will focus on coordinating SilverLeaf’s endeavours to handle assets along side Watchmen Asset Management and to oversee the day-to-day function of the organization. One of SilverLeaf’s Principals, Ross Baldwin, says, “Mark delivers with him loads of knowledge and experience. We are very privileged to have him in this new position.” SilverLeaf Financial is going to be represented once more this year at IMN’s “11th Annual U.S. Real Estate and Opportunity & Private Fund Investing Forum” in New York, NY, June 3rd and 4th. CEO Shane Baldwin will be speaking on two panels, referring to the purchase of non- performing loans in today’s market. SilverLeaf Financial will continue to move forward its fundamental objective of obtaining non- performing loans for a cheap price. The business remains devoted to the actual collateral and the cashflow it produces. SilverLeaf Financial also pays particular attention to the borrowers that have confirmed the loan, as well as their ability to carry out at some marked down number from face. They have been successful in discussing workouts with their borrowers. up to now, SilverLeaf merely has foreclosed on four investments. Keeping good associations with its borrowers is a key target for the business. SilverLeaf’s very first and preferred option is working together with borrowers to forbear foreclosures and make up a win/win situation for the borrower and SilverLeaf. CEO Shane Baldwin says, “We want our borrowers to feel like the best thing that ever happened to them was SilverLeaf Financial getting their loan.” For more info click here and visit Shane Baldwin Silverleaf
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'