Mountain Real Estate Capital Closes 2011 with Two Significant Bank Note Acquisitions

Mountain Real Estate Capital Closes 2011 with Two Significant Bank Note Acquisitions

Torrance, CA – January 16, 2012 – (RealEstateRama) — Mountain Real Estate Capital (MREC) announces the closing of two notable acquisitions: one for a loan portfolio with residential assets located throughout South Carolina and a separate note purchase on a high profile subdivision in the North Hills section of Raleigh. In total, MREC acquired approximately 150 performing and non-performing loans totaling over $100 million in loan balance. The loans are secured primarily by residential development properties in Raleigh, N.C., and the Charleston, Myrtle Beach, Hilton Head and Kiawah Island areas of South Carolina.

SHARE

Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.

Contact:

Phone: 310-373-0103

Previous articleNEW YORK CITY TOURISM INDUSTRY BOOSTS NEWARK HOTEL MARKET
Next articleKTGY Principal and Thought-Leader Rohit Anand, AIA to Speak on “Apartment of the Future” at 2012 NMHC Annual Meeting