Blue Asset Management Selling Performing Mortgages in New Jersey

Wayne, NJ, April 10, 2012 --(PR.com)-- (Wayne) Blue Asset Management is selling a portion of its existing first mortgage portfolio consisting of performing mortgages collateralized by properties in New Jersey.

According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, “We are offering performing first mortgages on desirable and well maintained small to midsized commercial collateral that offers low loan to value rations and very robust cash on cash returns by today’s standards for investors looking for safe vehicles to park their funds.”

Blumenkehl continued, “While we firmly believe in the values and returns these loans provide, we need liquidity to focus on our core business of acquiring and managing distressed debt and real estate in New Jersey and Florida, and returning the underlying collateral to the rental market, benefiting in most cases the property occupants who weren’t receiving services, the neighborhood the property is in by improving and maintaining the property providing immediate positive impact on surrounding properties, and our investors and mortgagees.”

For more information about mortgages available in New Jersey, contact James Boyle at jamesboyle@bluerealty.com or directly by phone at 973 835-1400. For more information about Charles Blumenkehl or Blue Asset Management LLC, log onto the company web site at www.blueassetmanagementllc.com