SilverLeaf Financial Scores Its Largest Quarter of Acquisitions Since the Company's Inception

SALT LAKE CITY, April 27 /PRNewswire/ -- SilverLeaf Financial (http://SilverLeaf-Financial.com) has had its most active quarter since the inception of the company in late 2008. SilverLeaf announced their most recent acquisition of seven new loans equaling a total face value of $51.2 M. The loans are in a variety of different locations across the country including Florida, North Carolina, Wisconsin, Utah and Oregon. This makes the first quarter of 2010 the busiest the company has seen. SilverLeaf is currently in negotiation with the borrowers of these assets.  

SilverLeaf Financial continues to concentrate on buying non-performing loans secured by cash flowing commercial real estate across the country. To date, SilverLeaf has acquired 45 loans, equaling $166,626,845 in face value. SilverLeaf Financial remains an active buyer in the market, and seeks to triple the amount of volume purchased from what it did last year, in 2009. The company's intent is to buy $75 M in face value per quarter, giving it a total of $300 M for 2010. SilverLeaf Financial will increase its financial stature by maintaining a constant deal flow of loan acquisitions from regional banks and special servicers.  

SilverLeaf is also excited to announce Mark Staples as the new President of SilverLeaf Financial. Staples' focal point will be to maintain the relationship with SilverLeaf's asset management partner, Watchmen Asset Management, and to sustain the overall operation of the organization. SilverLeaf's Director of Acquisitions, Trevor Linton, says, "Mark brings with him a wealth of knowledge and experience.  We are very fortunate to have him with us on our team."

SilverLeaf Financial will be represented again 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 of the panels, discussing the acquisition of non-performing loans in today's market.

SilverLeaf Financial continues to advance its primary goal of purchasing non-performing loans at a discount. The company remains focused on the underlying collateral and the cash flow it produces. SilverLeaf Financial pays special attention to the borrowers that have guaranteed the loan, and their ability to pay off at a discounted number from face. They have been very successful in doing workouts with their borrowers. To date, SilverLeaf Financial has had to foreclose on only four assets. Maintaining good relationships with its borrowers is a key objective for the company. SilverLeaf works with the borrowers to restructure their debt and create a win/win situation for both 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 buying their loan."

The company is excited about the prospects of the new year, and is very happy about the largest quarter of acquisitions in company history.

About SilverLeaf Financial

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 SilverLeaf Financial's web site: http://www.SilverLeaf-Financial.com.

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SOURCE SilverLeaf Financial