Access Capital Investment Group Facilitates a $50 Million Loan Participation Sale at the Lowest Pass-Through Rate in the Company's Eight-Year History
Posted on: Thursday, 17 September 2009, 07:20 CDT
DENVER, Sept. 17 /PRNewswire/ -- Access Capital Investment Group (ACIG) has just facilitated a $50 million loan participation sale at a 3.25% pass-through rate. This transaction is the largest participation deal of the year for ACIG and the 3.25% pass-through rate is the lowest observed since the firm was established in 2001.
"The execution of pricing in this range is possible given the scarcity of quality product available to the market today," says Jeff Hutcheson, CEO of ACIG. "We are excited that ACIG is able to deliver such a great (price) to our selling institutions."
Mr. Hutcheson goes on to state, "If you have performing paper to sell, this is a great time to do it ... The majority of institutions that have high-quality assets are holding on to them and buyers at market are unwilling to take unnecessary risks in this turbulent time. Therefore, the market has a lack of low-risk supply to satisfy the demand."
In July, ACIG announced the release of AXS|RDS, an online system enabling credit unions of all sizes to offer loan participations and procure market-efficient pricing. To learn more about AXS|RDS or register for a free tour, prospective users can go to http://www.acinvest.com/axs_rds.
Access Capital Investment Group (ACIG) was formed in 2001 and in early 2003 the firm was reorganized to specialize in creating secondary market opportunities for credit unions and other middle-market financial institutions. ACIG targets financial institutions that require portfolio management services for their prime and non-prime auto finance portfolios. Through its course, ACIG successfully facilitated nearly $2 billion in portfolio sales and acquisitions among hundreds of financial institutions throughout the country.
For information, please contact: Matt Gregarek 1423 South Pearl Street Denver, CO 80210 720.961.4073 mgregarek@acinvest.com http://www.acinvest.comThis release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Access Capital Investment Group
Source: PR Newswire
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