Mountain Real Estate Capital Closes 2010 with Four Not Acquisitions in December

by 12 Jan 2011
CHARLOTTE, N.C.?Jan. 12, 2011?Charlotte-based Mountain Real Estate Capital (MREC) advanced its bank NPL/REO acquisition program by closing four transactions on Dec. 30, 2010, bringing its total 2010 residential land acquisitions to more than 12,000 acres and over 7,500 home sites nationally. Notes and equity purchases were closed with over 20 different selling banks, amounting to an unpaid principal balance in excess of $600 million.

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