Liberty Capital Asset Management

LAS VEGAS--(BUSINESS WIRE)--Liberty Capital Asset Management (OTCBB: LCPM - News) (Liberty), an asset management company which acquires pools of nonperforming mortgage loans and then re-performs those loans by restructuring the financial parameters such that the defaulted borrower can return to making payments on time again, today announced that it has executed a Stock Purchase Agreement with an affiliate of Silar Advisors through which Silar is now a major shareholder in Liberty. The agreement gives Silar a 6.7% interest in Liberty and an option to purchase additional equity within the next 60 days. This transaction is viewed by both parties as a continuation of the strategic venture with Silar, providing the capital and fund management expertise and Liberty providing the operational expertise which Liberty expects will allow it to liquidate the pools purchased at a profit.

Liberty Chairman & CEO Michael A. Barron said, “The confidence of Silar as a strategic partner to purchase an equity interest in Liberty solidifies this partnership. We look forward to having Silar as a major shareholder in our company.”

Silar Advisors CEO Rob Leeds states, “We are pleased we were given the opportunity to invest in Liberty. We believe this additional linkage forms the basis for great teamwork in this unique investment environment.”

About Silar Advisors LP

Founded in New York in 2006, Silar provides liquidity for consumer, commercial and real estate assets. Silar has long-term relationships with a network of strategic partners to originate loans, and uses a proprietary technology platform to monitor collateral and portfolio performance. The firm is led by Robert L. Leeds, who held leadership positions in mortgage finance and investment at Fortress Investment Group, Nomura and Goldman Sachs.

About Liberty Capital Asset Management

Liberty Capital Asset Management (OTCBB: LCPM - News) acquires pools of nonperforming mortgage loans and then restructures them so that the defaulted borrower can return to make payments on time again. Liberty effects this by carefully analyzing the individual borrower’s payment history, defining just how much the borrower can afford to pay each month, and then restructures the financial variables (interest rate, principal amount etc.) such that the borrower can afford the new payment and avoid foreclosure. Liberty is based in Las Vegas, Nevada, and holds over 4,500 properties in 23 states.

 

 

Liberty Capital Asset Management
Michael Barron, 702-914-4325