SilverLeaf Financial Acquires a $17.4 Million Face Value Loan in Milwaukee, WI

SALT LAKE CITY, May 11 /PRNewswire/ -- SilverLeaf Financial has recently purchased a $17.4 Million face value asset. The note is collateralized by a 317,051-sq-ft retail office complex known as the "Tannery Office Park," located in Milwaukee, WI. The collateral property, comprised of 6 buildings on a 10.34 acre land parcel, was originally constructed over a 23-year period from 1890-1913. This historical complex underwent significant renovation in 1993. The property is currently occupied by 20 tenants.  

SilverLeaf Financial is also pleased to announce its participation in the upcoming "IMN Western Distressed Commercial Real Estate Forum," May 13th-14th, 2010, in Los Angeles, CA. The May Forum will focus on relevant market issues that include: "How to capitalize on opportunities in distressed CRE"; "Identifying, attracting and securing alternative capital sources"; "Revitalizing non-performing/underperforming commercial properties"; "Managing and negotiating loan workouts"; and several other related topics.

SilverLeaf Financial continues to actively source and purchase quality assets in the distressed debt market.

About SilverLeaf

Headquartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm focused on purchasing performing and non-performing, 1st deed of trust loans and loan pools from the FDIC, Special Servicers, Banks and other financial institutions, for the purpose of prompt monetization.

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SOURCE SilverLeaf Financial