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News

 

April 2007

 

Platinum announces the formation of HFA Windham Recovery, LLC.   In a joint effort with 80% of the lenders in this loan, the goal is to perfect the collateral and recover the outstanding principle $5,500,000 debt. 

 
Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted SVRB $4,500,000 loan.
 
Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted SVRB $2,325,000 loan.
 

May 2007

 
Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted La Hacienda loan.
 

June 2007

 

Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted Copper Sage $11,300,000 loan.

 

July 2007

 

Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted Barusa $15,300,000 loan.

 

September 2007

 

Platinum announces an "Offer to Purchase" to all lenders in the defaulted Marquis Hotel $13,500,000 loan.

 

November 2007

 

Platinum in conjoined efforts with HFA Windham Recovery, LLC. announce the successful termination of the Current Loan Servicer.
 

Resolved La Hacienda Estates loan repays with full principle and 95% interest.

 
Platinum announces the successful negotiation and escrow of the Servicing Rights on the HFA Windham loan.
 
Platinum announces the successful acquisition of 67 individual lenders in the defaulted SVRB $4,500,000 loan.  Platinum retains 100% ownership of this loan.
 

Platinum announces an "Offer to Purchase" to all direct lenders in the defaulted Pegasus Mountain House $16,800,000 loan.

 

December 2007

 

Platinum submits an offer on a $1,800,000 sub-performing Las Vegas Time Share receivable portfolio.

 

Platinum announces the succesful escrow and anticipated closing of the remaining interest in the defaulted SVRB $2,325,000 loan. Platinum will retain 100% ownership of this loan.

 

Platinum finances accounts receivable for a local health care provider.

 

Platinum becomes the successor servicer on the defaulted HFA Windham $5,550,000 loan.

 

January 2008

 

Platinum announces the successful acquisition and ownership of 100% of the defaulted SVRB $4,500,000 loan, and 100% ownership of the defaulted SVRB $2,325,000 loan.

 

 

Platinum announces the successful negotiation and escrow of the Servicing Rights on the defaulted SVRB $4,500,000 loan, and the SVRB $2,325,000 loan.

 

 

May 2008

 

Platinum acquires 4 acres of commercial property from the Bankruptcy court in Indianapolis

 

June 2008

 

Platinum acquires 6 condos units in Arizona.

 

July 2008

 

Platinum announces an open offer to all lenders in The Gardens Timeshare $5,800,000 Loan.

 

Platinum announces an open offer to all lenders in the Marlton Square $30,000,000 Loan.

 

 

 

August 2008

 

Platinum acquires note and mortgage on a Greenwood commercial office building, begins foreclosure process.
 

December 2008

 

Platinum acquires 9 story apartment building complex in Indianapolis.

 

Platinum finances Indianapolis based Health Care Provider.
 

January 2009

 
Platinum retains ownership of 42% of the defaulted Gardens Timeshare $5,800,000 loan.
 

 

 

 

 

 

Platinum financial trust offers you the ultimate alternative of salvaging your property/business

by extending debtor in possession financing or DIP, which is normally availed by companies undergoing the chapter 11 bankruptcy procedures. more...

 

 

Bridge financing is a handy option to bridge

the time gap until you go for a permanent loan. Platinum financial has a streamlined process enabling us to quickly analyze and react to our clients needs. more...

 

 

Platinum provides immediate cash recovery

for your Bankruptcy Claims in an expeditious manner.  Platinum is an industry leader in the debt acquisition business with a reputation built on confidentiality, reliability,

and service. more...