SALT LAKE CITY — SilverLeaf Financial has recently purchased two loans totaling a face value amount of nearly $3 million from United Commercial Bank. The properties are located in Massachusetts. One loan is a $2.3 million face-valued loan that consists of a 452,000 sq. ft office/industrial building in Taunton, Mass. The building sits on approximately 40 acres. SilverLeaf is excited about the purchase as there is terrific cash flow being generated from the tenants in this building.
The other purchase is nearly a $700,000 face value loan, consisting of approximately 40,000 sq. ft of office/industrial space in Wooster, Massachusetts. SilverLeaf has already contacted the borrowers and is currently in negotiations on the work-out side with both of the borrowers.
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