Blue Asset Management LLC Offers Commercial Mortgages and Notes for Sale Throughout New Jersey
Online, May 1, 2012 (Newswire.com) - Wayne, NJ - Charles Blumenkehl, managing partner for Blue Asset Management LLC, a real estate management and asset disposition company operating in New Jersey, announced his firm is offering approximately $15 million in performing and non performing first mortgage loans collateralized by commercial properties in New Jersey.
the properties being offered include retail locations, multi family apartment buildings, warehousing and office buildings in north, central and southern New Jersey. According to Mr. Blumenkehl, "We are optimistic about what we see are signs of a real estate recovery in New Jersey and are equally bullish about the future values of real estate in New Jersey. We believe these loans we are offering to the local market will bring solid returns collateralized by investment caliber real estate. The portfolio being offered ranges in loan size from $100,000 to over $1 million in unpaid balance. We are pleased to enable local real estate operators to assist in the real estate recovery in New Jersey while at the same time bringing properties back to marketability benefitting to the property tenants and surrounding neighborhood, all at a robust return to the investors."
Blumenkehl said the properties are being offered directly through his New Jersey office and his firm is exploring additional channels to achieve asset disposition targets. For more information about the loans or for information on obtaining a list of available loans and bidding procedures, contact Charles Blumenkehl by phone or email (cblue@bluerealty.com or company asset manager James Boyle (jamesboyle@bluerealty.com) at Blue Asset Management LLC in Wayne, New Jersey at 973 835-1400.
Founded by Mr. Blumenkehl in 2008 to leverage opportunities resulting from the mortgage meltdown, Blue Asset Management owns and operates in excess $50 million in real estate in New Jersey. For more information about Blue Asset Management LLC log onto the company web site at www.blueassetmanagementllc.com.