Bank Owned Loan & REO Sale

On September 15, 2010, Prescient Asset Management conducted the sale of over $200 Million Notes and REO assets predominantly in the South Florida Region. The portfolio was composed of 150 Notes, 13 Real Estate Owned properties, and 5 Home Equity Lines of Credit for individual or bulk purchase. The sale was highly successful as numerous offers were received from various investment firms. In addition, the $200 Million Note and REO Sale received nationwide exposure and was advertised in numerous publications, such as Bloomberg.com, Commercial Mortgage Alert, The Miami Herald, Loopnet.com, South Florida Business Journal and The Wall Street Journal, among others.