News: Financial Digest
Posted: May 7, 2008
Recap Advisors tops $2 billion in assets
According to Recap Advisors, LLC, a multifamily firm that is the financial services division of Consolidated American Services, announced today that with its most recent expansion of activity, the company's loan assets under management has topped $2 billion. Â
The newest assets are condominium loans located throughout the country. Recap's proven expertise in recapitalizing existing properties via its Recap Workout Group and its affiliation with Riverstone Residential, make the company a natural choice for capital providers seeking to protect their positions in this complex asset class.
In the coming weeks and months, Recap expects to take on other large complex asset portfolios based on discussions now in process with several national financial institutions.
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