Wayne, NJ, March 18, 2013 --(PR.com
)-- Blue Asset Management LLC is offering numerous delinquent and non-performing first mortgage loans collateralized by small and mid-sized commercial real estate in New Jersey. The mortgages are being offered for sale to individual investors seeking to reposition the property or the loan as the real estate market stabilizes in New Jersey.
“The real estate market in New Jersey has momentum not seen since before the mortgage crisis began,” said Charles Blumenkehl, CEO of Blue Asset Management LLC. “Local individual note purchasers are best suited to work with the borrower and asset to maximize opportunity while returning the asset to a market performer.”
The mortgages being offered were acquired in 2011 and represent approximately $15 million in unpaid balances collateralized by quality commercial real estate assets located in New Jersey. Blumenkehl added, “The stabilization of distressed real estate assets is a key component to the stabilization of the Real Estate market overall. The investor purchasing the loan will take the additional steps necessary to stabilize the asset, and by reducing the inventory of troubled mortgages, community stabilization is achieved.”
To obtain information about the mortgage notes offered, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400