Blue Coast Securities, Inc acquires 253 Multi-Family Units

Top Quote Blue Coast Securities acquires 253 Multi-Family Units in Southern California. End Quote
  • (1888PressRelease) December 15, 2012 - Blue Coast Securities, Inc. acquires performing loans secured by 253 units in six multifamily properties located in Los Angeles and Orange Counties, California. The notes were acquired all cash in less than one week from two investment banking groups in the region. Blue Coast Securities, Inc. continues its strategy to capitalize its "Blue Coast Securities Fixed Income Fund" with distressed and opportunistic multifamily investments in Southern California. The Company is also under agreement on the acquisition of a 126 unit senior living community in Los Angeles County and the construction of six Assisted Living and Senior Living Communities in Southeastern United States, each set to close between January and March of 2013.

    According to the Company's press release, this transaction presented a unique opportunity to acquire a set of performing loans at a meaningful discount from a motivated investment group that needed the liquidity that sale of the notes brought. Given the low loan-to-value and current cash flow yield, this was an excellent risk adjusted return for our Fund and the Fund's Investors.

    Other recent news from Blue Coast Securities included its agreement to purchase a seventeen state broker dealer and an equitable stake in an FDIC Chartered Bank, each scheduled to close in the Spring-Summer of 2013.

    According to the Company's website, "Blue Coast Securities, Inc. is well capitalized to close on complex deals in short order if the economics and asset quality makes sense".

    About Blue Coast Securities, Inc.:

    Founded in 2008, Blue Coast Securities, Inc is a Global Investment Banking and Asset Management Firm with Global Operations from its Offices in North America, South America and Europe. The Firm Currently manages
    Blue Coast Oil & Gas Fund
    Blue Coast Energy Fund
    Blue Coast Technology Ventures Fund
    Blue Coast Medical Opportunity Fund
    Blue Coast Mining & Mineral Rights Fund
    Blue Coast Oil & Gas Fund
    Blue Coast Real Estate Fund I

    The Company's website can be viewed at:
    http://www.BlueCoastPrivateClient.com
    http://www.BlueCoastBanc.com
    http://www.FixedIncomeMortgage.com

    To view a prospectus or for general inquiries, you may send an email to: LEGAL ( @ ) BLUECOASTPRIVATECLIENT dot COM
    LEGAL ( @ ) BLUECOASTBANC dot COM

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    All trademarks and service marks are the property of the respective parties.

    NEWS SOURCE: Blue Coast Securities, Inc.

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