SALT LAKE CITY, Nov. 17, 2009 — SilverLeaf Financial announced that they have recently acquired two commercial properties located in Ohio. The first is in Shaker Heights, Ohio, consisting of a 20,000-sq-ft office complex that AmTrust Bank is the primary occupant of. The face value of that loan is 1.35 Million. The other acquired loan is a regional retail shopping mall in Bowling Green, Ohio, with a face value of 8.9 Million. The Woodland Mall is approximately 300,000-sq-ft retail mall with tenants such as Sears, Famous Footwear, Cinemark, Dunham’s Sports, and Elder-Beerman. The mall sits on approximately 50 acres.
SilverLeaf is very excited about their purchase in Bowling Green, which has a college student population of over 20,000. These loans are the 38th and 39th SilverLeaf has acquired this year. SilverLeaf continues to be very active in looking to acquire more 1st position trust deed commercial loans in the 4th quarter.
SilverLeaf Financial has also recently brought on a new member to their financial team. Chet Thomas will act as the Senior Analyst and head the underwriting and due diligence department. The department is responsible for analyzing and reviewing commercial loans SilverLeaf is interested in acquiring. They are excited to have him on board. SilverLeaf CEO Shane Baldwin says, “Chet brings with him knowledge in the real estate development sector and hands-on training in the loan processing field, I know he will be a great asset to our team.”
About SilverLeaf
Headquartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm that focuses on purchasing pools of performing and non-performing 1st deed of trust loan pools from the FDIC and other financial institutions for the purpose of prompt monetization. For more information visit the SilverLeaf Financial web site: http://www.SilverLeaf-Financial.com.
Press Contact:
Campbell Dosch
V.P. of Public Relations
SilverLeaf Financial
(801) 413-4702
Campbell@silverleafcompanies.com
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