Blue Asset Management LLC Buys Multi-Million Dollar NPN Mortgage Pool in New Jersey

WAYNE, NJ, February 08, 2011

Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC announced his company has closed a multi-million dollar non-performing mortgage tranche collateralized residential assets located throughout New Jersey.

According to Charles Blumenkehl, "We are very pleased to have been able to help our sellers liquidate their non-peforming notes, and are excited about the opportunities we have identified within the group." Blumenkehl continued, "The areas these properties are in, and the price points we were able to achieve, will provide a benefit to our investors and provide an opportunity to stabilize the neighborhoods the properties are located in."

Wayne based Blue Asset Management was formed by Charles Blumenkehl in 2008 to leverage what he perceives are tremendous opportunities within the, market resultant from the mortgage and liquidity crunch. For more information about the company or Charles Blumenkehl you can log onto the company website at http://www.blueassetmanagementllc.com or by phone at 973-835-1400.

Buyer and seller of commercial and residential mortgages, distressed real estate and investment property in northern New Jersey