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Blue Asset Management LLC Opens New England office

Blue Asset Management LLC, a leading firm in non-performing commercial mortgage debt, has opened an office in Hingham Mass. expanding the company’s northeast footprint to 7 states. Matt Galvin, local real estate operator, is managing director.

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Blue Asset Management LLC Opens New England office

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  1. BlueAssetManagementLLCOpens NewEnglandoffice BlueAssetManagementLLC, a leading firm innon-performingcommercial mortgagedebt,has openedanoffice inHingham Mass.expanding the company’s northeast footprint to 7 states.MattGalvin,localrealestate operator,ismanagingdirector. Boston,MA,October 22,2014 -NewJersey basedBlue AssetManagementLLC,aleadingsmalland mid-capmortgagedispositionfirm dealing innon-performing commercialmortgagedebt,hasrecentlyopenedasecondofficeinHinghamMassachusettsexpanding thecompany’snortheastfootprint tosevenstates.Matt Galvin,localreal estateoperator whohas been involvedinnumeroushighyieldrealestateacquisitionsinNewEngland while working withseveral large NewEngland real estategroups,wasnamed managing director.Theofficeislocated at25RecreationParkDriveSte206,Hingham,Mass. Theopeningfollowsfouryearsofstrong performanceresulting intheacquisitionand disposition ofover$120millionincommercialmortgagedebt byBlueAsset Management.Thenewoffice currentlyhasbeen involved intheacquisitionofover$30millioninrealestateassetsundermanagement inNew England,and is targeting $100millionin thenext12months. “Blue AssetManagement’ssteady growthandourexpanding national footprint area tributeto ourtalented staff,successfullynavigating themortgagechallengesexisting inthesepastfewyears,”according to CharlesBlumenkehl,CEOandfounderofBlueAssetManagement.“Our assetmanagementteamunderstandstheproduct and playersandachieves topexecutionsforourfirmand investors.” “The New England marketisbustlingwithactivity,”according toMatt Galvin,directorof theNewEngland office.“Weprovideanexcellent solutionforlendersand banksas theeconomystrengthens.I’mexcited tocombineourtalentsintherepositioninganddispositionofthese assets.” Acontinuouseffort ofproviding capital solutionsfornon-performing debt tolocal,regional andnational commercialbanksand lendersremainsthekey driverforthefirm’ssuccess.Blumenkehladded,“Theability tofund and executequicklyandefficientlymakesusahugevalueadded to ourbanking relationshipsaswecontinuetoassist inrepositioningnon-performing assetstothebenefit of thelender,borrowerandourinvestors. Foundedin2008,BlueAssetManagementisa privatecompanywithrealestateandmortgageinterestsinNewJersey,NewYork,Massachusetts,Connecticut,Rhode Island,New HampshireandPennsylvania.FormoreinformationaboutBlueAsset ManagementLLClogontothecompanywebsiteatwww.blueassetmanagementllc.com.

  2. Contact: CharlesBlumenkehl BlueAssetManagement LLC2282Hamburg Tpke Wayne, NJ07470 973-835-1400 http://www.blueassetmanagementllc.com ###

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