News & 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 a national Real Estate Investment Banking firm prominent in debt and equity transactions, Multi Development, and Multi Investment.
About Multi Capital LLC
Multi Capital, Inc. (www.Multi-Capital.com) is a nationwide finance company specializing in the full spectrum of real estate financing. Multi Capital is known for its expertise in arranging Senior Debt, Mezzanine, and Equity for Development Deals. With its financing experts originating from the real estate development arena, Multi has the expertise needed to syndicate these transactions.
Multi Capital provides a service that is unmatched in efficiency, speed, and thoroughness. Multi currently has over $600,000,000 in development deals in the pipeline.