Blue Asset Management LLC Expands Mortgage Loan Sales
Blue Asset Management LLC is offering numerous delinquent and non-performing first
mortgage loans collateralized by small and mid-sized commercial real estate in New Jersey.
Wayne, NJ, March 19, 2013 -- Blue Asset Management LLC is offering numerous delinquent
and non-performing first mortgage loans collateralized by small and mid-sized commercial real
estate in New Jersey. The mortgages are being offered for sale to individual investors seeking to
reposition the property or the loan as the real estate market stabilizes in New Jersey.
“The real estate market in New Jersey has momentum not seen since before the mortgage crisis
began,” said Charles Blumenkehl, CEO of Blue Asset Management LLC. “Local individual note
purchasers are best suited to work with the borrower and asset to maximize opportunity while
returning the asset to a market performer.”
The mortgages being offered were acquired in 2011 and represent approximately $15 million in
unpaid balances collateralized by quality commercial real estate assets located in New Jersey.
Blumenkehl added, “The stabilization of distressed real estate assets is a key component to the
stabilization of the Real Estate market overall. The investor purchasing the loan will take the
additional steps necessary to stabilize the asset, and by reducing the inventory of troubled
mortgages, community stabilization is achieved.”
To obtain information about the mortgage notes offered, log onto the company website at
www.blueassetmanagementllc.com or call the company directly at 973 835-1400
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
973 835 1400