American Banker-MountainSeed Advisors

Problem-Assets Sales Heat Up as Capital Swells, Stigma Wanes For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable. Sales of nonaccrual assets last year rose to $23.2 billion from $7.7 billion a year earlier, according to a review of about 190 banks and thrifts by Keefe, Bruyette & Woods Inc. The early take on first-quarter results: more of the same. What's changed, considering that banks are still taking sizable losses o...

First Mariner Bank to Raise $160M

  First Mariner Bancorp CEO and chairman Edwin F. Hale Sr. will step down as part of a New York investment company’s plan to take a major stake in the Baltimore banking company.   Priam Capital Fund I LP, a New York-based firm, will invest $36.4 million for as much as a 24.9 percent stake of the parent company of Baltimore’s First Mariner Bank. The deal is part of a total of $160 million the bank said Tuesday afternoon it expects to raise, which includes money from other un...

MountainSeed Advisors (NYSE:CPF)

MountainSeed Advisors Instrumental in Central Pacific Financial (NYSE:CPF) Deal Nov. 4th 2010 HONOLULU—Central Pacific Financial announced today that it would raise $325 million in capital which would include large contributions from Carlyle Group, and Anchorage Capital Group. MountainSeed Advisors was engaged by the company to provide loan level review and due diligence that proved integral to the transaction. They reviewed Commercial and Residential real estate loans held by CPF which wa...

SEEDING A FINANCIAL FUTURE

  David Green and Carl Streck of Mountain Seed Advisors recently completed a $275M recapitalization of the Va.-based Hampton Roads Bankshares. The two dug into the bank’s loan and REO portfolio to help Carlyle Group and Anchorage Advisors assess how much to invest in the bank. There’s good reason major institutional investors listen to them. This is the same duo that made headlines when they called the then-imminent collapse of Corus Bank’s loan holdings in the Atlanta mar...

Atlanta Journal: New Wave of Condo Offerings

MountainSeed Advisors performed loan review, research, and advisory services on the Corus Bank Loan portfolio sold by the FDIC.   New wave of condo offerings coming   By Michelle E. Shaw and J. Scott Trubey The Atlanta Journal-Constitution 2:04 p.m. Friday, August 6, 2010   Atlanta’s battered condo market is about to be stirred again when 800 new units hit the market this month. Chicago- based ST Residential, an asset management company led by Starwood Capital Group, is help...

MountainSeed Advisors (HMPR:NASDAQ) Deal

MountainSeed Advisors Instrumental in Hampton Roads Bankshares (HMPR:NASDAQ) Deal  On May 24, 2010 Carlyle Group and Anchorage Advisors announced that it had made a participating investment of $275 million in capital for Hampton Roads Bankshares, Inc.(HMPR), a Virginia based regional bank.  Carlyle and Anchorage will each acquire at least 168.8 million shares for about $72.6 million, or 26% of the company’s voting equity. After the announcement the company’s shares closed a...

The Future of the Housing Market

The Future of the Housing Market Post Government Support An op-ed piece by: David Green As the article alluded to there is no doubt the real estate market is still fragile but there is so much more clarity now than there was a year ago and even though it is still up for debate exactly how healthy the housing market is or is not I believe we can see that some participants in the housing market are poised to do very well  and others unfortunately will suffer more pain. Again, this is so ...

MountainSeed Advisors and the FDIC

Investors Are Finally Dealing With The Real Seller of Troubled Assets An op-ed by: David Green Summary The FDIC has rediscovered a program they used in the early 90s that was successful in the resolution of problem assets.  My analysis takes a closer look at why the program is necessary, the details of the program, and the implications of setting the program in motion.  Analysis This article provides good news to the ears of investors who have waited patiently for the real opportunity ...

Lot Owners Woo Builders

In Tampa: Lot Owners Woo Builders with Offer of Free Lots Review of article By David GreenRead the original article here Summary This article is spot on.  From an insider's perspective I could not agree more with the author.  The Tampa residential market is decimated and it takes wild creativity to spur building activity. Analysis As I have mentioned before my firm purchases distressed property and we currently own finished lots in Tampa that we purchased from a struggling re...

Corus Bank

Someone Play A Dirge For Corus Analysis of Article By David GreenClick here for original text Summary This article clearly demonstrates the dire straits Corus Bank is facing as it deals with a soaring number of problem loans and an REO department full of repossessed condos.  The facts presented in this article are more than enough to make most people doubt Corus' ability to continue as a going concern.  Three factors are pressuring the bank heavily: a loan portfolio comprised almost ex...

American Banker-MountainSeed Advisors

Problem-Assets Sales Heat Up as Capital Swells, Stigma Wanes For banks looking to sell nonperforming assets, pricing realitie...more >

First Mariner Bank to Raise $160M

  First Mariner Bancorp CEO and chairman Edwin F. Hale Sr. will step down as part of a New York investment company&rsquo...more >

MountainSeed Advisors (NYSE:CPF)

MountainSeed Advisors Instrumental in Central Pacific Financial (NYSE:CPF) Deal Nov. 4th 2010 HONOLULU—Central Pacific ...more >