PR - Capital Finance to Sell Auto Loans

Indian Wells, Calif.-based Capital Finance announced recently it has been awarded a contract to sell $36 million of performing prime and near-prime automobile loans originated by a New Jersey commercial bank. The $36 million portfolio represents loans available for immediate sale; however, the contract extends for a three year period. The Bank will continue to originate about $10 million per month in new loans which may also be sold under this contract.

Capital Finance has been actively representing buyers and sellers of risk assets since 1993 including performing and non-performing automobile loans and leases, commercial and consumer real estate secured junior and senior liens as well as other types of loan portfolios.

Capital Finance works with commercial banks, savings & loans and credit unions wishing to raise liquidity or capital. Buyers may be specialized, non-depository lenders such as private companies or brokerage firms or, depending on the type of portfolio offered, may be other banks and depository lenders. Established in 1987, Capital Finance is a bonded and licensed commercial finance lender and provides portfolio consulting services to banks, thrifts and credit unions.