Aspen Lake Capital Launches REO and Asset Acquisition Service

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Company Dedicated to Client and Community Success

Our company is driven to revitalize neighborhoods that have been negatively impacted by the global economic crisis, while also providing access to home ownership opportunities for countless individuals and families nationwide

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Aspen Lake Capital, a well-funded real estate solutions provider specialized in the secondary mortgage market, today announced the launch of its REO and asset acquisition services. The company supports investment and commercial banks, hard money and warehouse lenders, individual investors, regional and community banks by acquiring non-performing residential and/or commercial mortgages and REOs in pools.

For lenders and financial institutions, Aspen Lake Capital will now provide a viable exit strategy to enhance their balance sheet and lending capability. The company then leverages decades of experience in construction, real estate and remodeling, selling assets in one of two ways: 1.) In as-is condition to new home buyers who have the ability to renovate for the strongest ROI; or, 2.) In fully refurbished condition. Property is sold as individual assets or in portfolio pools.

“We’re thrilled to offer win/win strategies for sellers, borrowers, buyers and communities,” explains Al Cronemiller, Principal of Aspen Lake Capital. “Our company is driven to revitalize neighborhoods that have been negatively impacted by the global economic crisis, while also providing access to home ownership opportunities for countless individuals and families nationwide.”

Aspen Lake Capital primarily invests in non-performing residential and/or commercial mortgages that have been delinquent for 30 days or more, geographically diverse assets, first lien mortgages and single-family homes. By offering a rapid exit strategy, the company enables banks and financial institutions to provide greater capital resources to local businesses. This, in turn, helps companies satisfy payroll obligations, expand operations, and purchase new equipment or property. Aspen Lake Capital portfolios range from $1M to more than $50M.

For investors, Aspen Lake Capital now offers via its affiliate website (http://www.absolutewholesellers.com) value-added income-producing investment opportunities typically below market value within promising growth-oriented communities. The company works collaboratively with both individual investors and institutions to devise customized strategies based on single non-performing assets, single seasoned and unseasoned performing assets, comprehensive non-performing asset portfolios and REO properties.

More information about the company’s services and contact details can be found at http://www.AspenLakeCapital.com.

About Aspen Lake Capital

Aspen Lake Capital, a well-funded real estate solutions provider specialized in the secondary mortgage market, supports banks, lenders and investors by offering rapid liquidity on non-performing residential mortgages, geographically diverse assets, first lien mortgages and single family homes. Assets are sold to new buyers as-is or fully refurbished and serviced. The company is committed to providing outstanding solutions and services to its customers and the communities served.

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Alan Cronemiller
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