Summerlin makes prudent purchases, buying existing loans from banks, at a large discount
Irvine, CA (PRWEB) November 30, 2011
“Summerlin Asset Management has secured several large contracts to buy real estate debt directly from regional and national banks,” stated Pete Pakes, CFO at Summerlin Asset Management.
Due to the growing demand from the American public, Summerlin Asset Management (SAM) is offering a very enticing 8.5% note rate. The notes come with a collateral assignment agreement and promissory note, issued by Summerlin Asset Management. SAM is able to offer a high interest rate because the company does not have the traditional overhead costs of brick & mortar banks, with tellers and high executive salaries to pay. “Summerlin makes prudent purchases, buying existing loans from banks, at a large discount,” continued Pakes. The news of Summerlin’s 8.5% return on note purchasing comes at a time when banks have decided to add monthly fees to consumer accounts. “It is unlikely that anyone at Bank of America anticipated just how much of an uproar its planned $5 a month debit fee would cause,” said Jim Stepanian, President and CEO of Summerlin Asset Management. Other banks had already announced such fees, but they were smaller, and only introduced in select markets. Bank of America’s fee is much larger and will affect millions of customers across the nation.
Customers are furious. In fact one consumer, Kristen Christian, decided to do something about it. Christian launched the now viral Bank Transfer Day movement. On Nov. 5, 2011 Christian and thousands of her followers vowed to close their accounts at big banks and transfer their money, to credit unions and banking institutions, which are known to provide more personalized customer service.
Summerlin Asset Management strives to provide superior support to all investors. Clients receive live customer service, personal financial consultation, and a monthly interest rate of 8.5%. For more information on purchasing real estate notes, please contact Shannon Derosby or Adam Pakes at 928 854 7747.
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