Liberty Capital Asset Management, an asset management company that acquires pools of nonperforming mortgage loans and then returns the loans to performing status by restructuring the financial parameters, has executed an agreement with an affiliate of Silar Advisors to invest up to $50 million to acquire defaulted subprime mortgage pools at a discount.
The agreement is viewed by both parties as a strategic venture through which Silar is providing the capital and valuation expertise, and Liberty is providing the operational expertise that Liberty anticipates will allow it to liquidate the pools purchased at a profit.
Source: Liberty Capital Asset Management
