Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages recently announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.
Charles Blumenkehl, managing partner of Blue Asset Management L LC had this to say about the news: "These loans represent collateral of some of the finest assets in the gold costs of Jersey City and surrounding towns. These mortgages offer safe haven for mortgage investors in New Jersey, providing considerably higher than market yields while offering desirable underlying collateral in excellent locations."
He went on to say the loans had been assembled from several purchases made over the last year and a half, are both performing and non-performing and can be purchased as a package or separately.
Blumenkehl is inviting investors to log on to the company website or to contact Blue Asset Management LLC direct on 973-835-1400.
Hmmm, I wonder how those sales will go now that Sandy has dropped by for a visit.