ORANGE, Calif., July 9, 2008 (PRIME NEWSWIRE) -- Fasthold Capital, Inc., a leading specialist in structuring the sale of residential, commercial and consumer loan portfolios, today announced that the company had a pull through rate of 93% during its first year of business. The company has acquired assets valued at more than $60 million. With $300 million in committed capital, Fasthold Capital can offer customers with distressed assets solutions and services for liquidating those assets.
"The past year has been a very tumultuous time for the lending market, and we are thrilled that we can provide liquidity for those who are troubled with distressed assets," said Michael Castanon, managing partner at Fasthold Capital. "Our customers turn to us because they have a high degree of confidence that we will complete every transaction. It is our promise to help them make sound financial decisions and offer assistance as they rebalance and diversify their loan portfolios to minimize their risk of loan default."
Fasthold recently implemented its Sales Optimization Process (SOP(sm)), which is designed to remove the complexities, ambiguities and inefficiencies commonly associated with collateral valuation while maximizing the value and minimizing risk. Because Fasthold transparently manages every aspect of every transaction, it is in a unique position to quickly and effectively facilitate the loan sale process while offering advisory services for complete asset liquidation.
"Our remarkable trade rate is a testament to our ability to meet all of our customers' various needs and proves we are exceeding their expectations. We look forward to continuing to assist our customers for continued mutual success," said John Duden, managing partner at Fasthold Capital.
In recent months, Fasthold Capital has completed transactions with leading Wall Street firms, independent investment bankers and FDIC entities among others.
About Fasthold Capital
Headquartered in Orange, California, Fasthold Capital, Inc. is a leading provider of loan sale advisory services for the residential and commercial markets. The company is dedicated to providing its customers with the most efficient, reliable and cost-effective means for liquidating their assets. With over 70 years of combined experience, Fasthold Capital has developed strong partnerships with leading mortgage companies and financial institutions. Its proven Settlement Optimization Process (SOP) guides its customers through the complex asset liquidation process and eliminates common concerns associated with marketing and liquidating distressed assets. For more information on Fasthold Capital and its services, please visit www.fastholdcapital.com.
Editor's Note: For additional information or executive interviews, please contact Kelly Reeves at 949-509-1888 or kelly@klrcommunications.com.
Fasthold Capital and the Fasthold Capital logo are trademarks of Fasthold Capital, Inc. SOP is a slogan mark of Fasthold Capital. All rights reserved. All other marks may be the property of their respective titleholders.