Commercial Asset Purchase
If a client is seeking immediate relief our prescription can be assets purchased.
During 2014 (through its affiliated company) AMG purchased over $35,000,000 in gross obligations still owed representing over 350 individual assets.
These purchases were made without the need for additional broker expenses, auction fees or other costs frequently related to selling assets through a third party.
In addition to its own buying power, AMG maintains relationships with other private firms engaged in asset purchasing. By accessing AMG’s network of asset purchasers, asset values are maximized when they are placed with a buyer whose needs match the asset(s) being offered.
By using an appropriate mix of these two primary methods, AMG is able to fix many problem asset situations within an expedited time-frame and within the client bank’s earnings and capital constraints.