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Salt Lake City, UT - May 27, 2009 - SilverLeaf Financial (silveleaf-financial.com) is seeking to raise more funds for the purpose of buying distressed assets from the FDIC.   Currently SilverLeaf has taken on about 40 million , and are looking to add an additional  100 million in funds.  “Our goal is to align ourselves with the right investment funds, because  we’re very focused on purchasing more assets from the FDIC.” said Shane Baldwin, CEO of SilverLeaf Financial. 

In the past SilverLeaf would make their bids, and use their own funds to pay the 10% deposit that is required by the  FDIC bid award winners.  Baldwin said, “We would raise the money deal specific”, and that can be very stressful because the deals would have to be closed inside of 10 days. We now feel we have a very significant track record with proven success, and we are seeking commitments from accredited investors and institutional investors before hand, so that we don’t have to scramble when it comes time to close and purchase the loans."

This new strategy will allow SilverLeaf to more readily access the needed funds in a streamline manner to make the process more systematic.  Baldwin goes on to say, “We are talking with several other private equity funds, and hedge funds that are interested in partnering/investing with us.   We have yet to make a decision on who that will be.  We are still looking for that particular partner.  Once we get to that point we can more readily access the needed funds.”

Thus far, SilverLeaf has been awarded 11 pools consisting of 17 loans from the FDIC. 10 of these 17 loans have been successfully worked out while the remainder are in the process, totaling  80 Million in face value notes from the FDIC, and other financial institutions.

SilverLeaf has been very successful in maintaining a constant flow of performing and non-performing first position loan pools from the FDIC   Before they purchase these targeted loan pools, SilverLeaf quickly and efficiently conducts their due diligence.  They do this by researching  the individual loan file documents, property addresses, loan collection history, collector’s notes, status of any legal action and any historical or current appraisal information. “Once we’ve determined which loan pools we will place bids on, and we complete our due diligence, we aggressively formulate our game plan to monetize each of the acquired loans prior to purchase.” said Cary Clark, SilverLeaf’s Chief Operations Officer.

SilverLeaf’s exit strategies include assisting the borrower in the refinancing process through various available programs, obtaining a Deed in Lieu of Foreclosure and taking prompt possession of the underlying collateral, managing the foreclosure process to expedite monetization when necessary, and aggressively pricing and marketing the foreclosed property, targeting a 30 to 60 day fire sale.

About SilverLeaf

Head quartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm that focuses on purchasing pools of performing and non-performing, 1st deed of trust loan pools from the FDIC for the purpose of prompt monetization. For more information visit the SilverLeaf Financial web site:  www.SilverLeaf-Financial.com. SilverLeaf Financial video: http://www.youtube.com/watch?v=X0vxPrEvevc

Press Contact:

Campbell Dosch

V.P. of Public Relations

SilverLeaf Financial

(801) 413-4702

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