Liberty Capital Asset Management

LAS VEGAS--(BUSINESS WIRE)--Liberty Capital Asset Management (OTCBB:LCPM - News) (Liberty), an asset management company which acquires pools of non-performing 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 an agreement with an affiliate of Silar Advisors to invest up to $50 million to acquire defaulted sub-prime 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.

Liberty Chairman & CEO Michael A. Barron said, “The addition of Silar as a strategic partner to Liberty is a significant step forward for us in this space. We have spent months working out the details of this venture and we are pleased with the integration of our respective organizations.”

Silar Advisors CEO Rob Leeds states, “We are happy to be a business partner with Liberty in this unique investment opportunity. We are uniquely suited to match up with Liberty’s expertise in the sub-prime loan repair market.”

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) LIBERTY acquires pools of non-performing loans and restructures the financial parameters such 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 restructuring 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.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections of management. LCPM intends for these forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, but are not limited to, statements regarding the Company's strategic initiatives regarding the purchase and sale of whole loan pools. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. These uncertainties include, but are not limited to, economic and political conditions in the United States as well as other risks detailed in the Company's SEC reports, including the Company's Form 10-K and other filings. Copies of these filings are available at www.sec.gov.

 

 

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