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18 Oct 2009, 2:41 am
"for the purpose of taking title to certain real property, contract servicing and other contractual rights that were pledged as collateral for a $67 million loan to an entity known as Compass USA SPE LLC. [read post]
25 Nov 2009, 12:59 am by Randall Reese
Asset Resolution was formed by Silar Advisors, L.P. to take title to assets that served as collateral for a $67 million loan to Compass USA SPE LLC, which was used by Compass to acquire the assets of USA Commercial Mortgage Company ("USACMC") in an earlier bankruptcy case through a section 363 sale. [read post]