Auto Dealers Can Maximize Return on Sale of BHPH Loan Portfolios with “Portfolio Sales” Program
FOR IMMEDIATE RELEASE: June 30, 2009
CONTACT: Joel Kennedy
858.652.0298
joel@pelicanresourcegroup.com
PELICAN RESOURCE GROUP, LLC (PelicanResourceGroup.com)
HELPS DEALERS GET CASH FAST
Auto Dealers Can Maximize Return on Sale of BHPH Loan Portfolios with “Portfolio Sales” Program
CHERRY HILL, New Jersey (June 30, 2009) – Automobile dealerships that are looking to access cash by selling their dealer owned loans can do so with Pelican Resource Group, LLC’s (www.pelicanresourcegroup.com) Portfolio Sales program.
A recent informal survey of automotive dealers in the Mid-Atlantic revealed that liquidity is unanimously listed as a top concern. The Portfolio Sales program helps dealers get cash by selling their loan portfolios.
“Dealers are increasingly looking for ways to survive in the current environment,” says Troy Cavallaro, founder and President of Pelican Resource Group. “Portfolio Sales allows dealers to convert their dealer portfolios into cash that can help them survive and thrive.”
“There is a growing and strengthening market for sub-prime asset backed securities, and the Portfolio Sales program allows dealers to tap into this market quickly, and get a decent price for their assets,” Cavallaro said. “This program provides dealers with a team of experts that will help them put their best foot forward in selling their assets, and maximizing price.”
The Portfolio Sales program is available to franchised, independent, and buy-here pay-here dealerships with portfolios of loans. Pelican analyzes the dealer’s existing portfolio and prepares it for sale. Pelican fully represents the seller and offers the portfolio for sale to institutional and private buyers. Once bids are received, Pelican presents the bids to the seller and assists with completion of the sale. Pelican retains a modest broker fee only on approved sales.
For more information or a free program consultation, visit www.pelicanresourcegroup.com or call 1-866-989-9688.
About Pelican Resource Group, LLC
Based in Cherry Hill, New Jersey, Pelican Resource Group (www.pelicanresourcegroup.com) is an innovative automotive lending and servicing partner. Currently operating in the Mid-Atlantic region, Pelican Resource Group brings automobile dealers a portfolio of solutions that increase sales by providing financing to lower-FICO borrowers that would normally be turned away.
