Press

Multi Distressed Asset Co. launches 3rd Fund as industry widens

New York NY

Multi Distressed Asset Co. (MdAG 3 or Multi) launches its 3rd fund to continue to acquire REO assets from Financial Institutions nationwide. With the successful close of its previous two Funds, Eli Verschleiser a founding partner at Multi Distressed Asset Co. said "We are in a time where the opportunities are enormous. History is being written on a daily basis. Assets have been written down to levels of disbelief. We have a proven model and will continue to grow and take advantage of the current market situation."

Multi through its Funds, have been actively acquiring residential assets (REO's) throughout the country over the past year. The REO product available in the US currently exceeds 1.3 million and has been increasing on a monthly basis. Multi purchases directly from national and regional banking institutions as well as servicing agencies. There are a tremendous amount of foreclosure sales that are occurring on a daily basis. Banks are taking huge write-offs to account for the losses they bear on loans that went bad. Multi has built proprietary software for its acquisition and disposition teams. Through numerous avenues Multi disposes of the acquired assets in a short time frame.

The Multi Group of Companies includes Multi Capital Group a national Real Estate Investment Banking firm prominent in debt and equity transactions, Multi Development, and Multi Investment.

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Multi Capital Group (www.Multi-Capital.com) is a national Real Estate Investment Banking firm prominent in debt and equity placement, investment sales, and commercial and residential loan sales. Its clients include some of the most active developers and institutions both nationally and in the New York metropolitan area.