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Follow on Google News | Blue Asset Management LLC Opens New England officeBlue Asset Management LLC, a leading firm in non-performing commercial mortgage debt, has opened an office in Hingham Mass. expanding the company’s northeast footprint to 7 states. Matt Galvin, local real estate operator, is managing director.
By: Blue Asset Management LLC The opening follows four years of strong performance resulting in the acquisition and disposition of over $120 million in commercial mortgage debt by Blue Asset Management. The new office currently has been involved in the acquisition of over $30 million in real estate assets under management in New England, and is targeting $100 million in the next 12 months. “Blue Asset Management’s steady growth and our expanding national footprint are a tribute to our talented staff, successfully navigating the mortgage challenges existing in these past few years,” according to Charles Blumenkehl, CEO and founder of Blue Asset Management. “Our asset management team understands the product and players and achieves top executions for our firm and investors.” “The New England market is bustling with activity,” according to Matt Galvin, director of the New England office. “We provide an excellent solution for lenders and banks as the economy strengthens. I’m excited to combine our talents in the repositioning and disposition of these assets.” A continuous effort of providing capital solutions for non-performing debt to local, regional and national commercial banks and lenders remains the key driver for the firm’s success. Blumenkehl added, “The ability to fund and execute quickly and efficiently makes us a huge value added to our banking relationships as we continue to assist in repositioning non-performing assets to the benefit of the lender, borrower and our investors. Founded in 2008, Blue Asset Management is a private company with real estate and mortgage interests in New Jersey, New York, Massachusetts, Connecticut, Rhode Island, New Hampshire and Pennsylvania. For more information about Blue Asset Management LLC log onto the company website at www.blueassetmanagementllc.com . Contact: Charles Blumenkehl Blue Asset Management LLC 2282 Hamburg Tpke Wayne, NJ 07470 973-835-1400 cblue@bluerealty.com http://www.blueassetmanagementllc.com End
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