Eric Picchetti Announces Safe Harbor Equity Acquires Three Non-Performing Loans from Local Lender

MIAMI, FL, June 12, 2011 (Press-News.org) Fifty or more years of experience in the Florida real estate market have led to great success for leading real estate private equity investment firm Safe Harbor Equity.

Principal Eric Picchetti works alongside the team to manage investments focused primarily on defaulted debt instruments, distressed real estate assets and non-performing mortgages. Safe Harbor Equity targets acquisitions taking place in the Southern Florida market, often times in the office, retail, industrial, warehouse and residential space.

Combining strong education with years of industry experience, Mr. Picchetti has a long-lasting reputation of integrity and success. So when Safe Harbor Equity announced the acquisition of three non-performing loans from a local lender, Mr. Picchetti understood the significance of his reputation in the local Miami market.

"Everyone knows these are tremendous assets," said Principal Eric Picchetti. "Our first move is to create a win-win with the borrower."

Safe Harbor Equity seeks to preserve capital while targeting IRR's of 30% or higher. This is made possible through the purchase of non-performing first position mortgages directly from lenders. Typically, single note acquisitions range from $250,000 to $4 Million and take 6-24 months to complete. With this strategy in place, Safe Harbor Equity maintains their position as a leading firm in the Southern Florida Market.

With a strong team of Principals, Safe Harbor Equity continues to deliver high yielding investment returns to their clients. Their reputation is built upon a record of integrity and trustworthiness in their field. Acquiring three non-performing loans from a local lender of this caliber is just another example in a long line of successes for the firm.

About Eric J. Picchetti

Eric J. Picchetti has years of experience in the financial industry. Mr. Picchetti graduated from Portland State University with a Bachelor of Science degree. From 1993 to 1997, Mr. Picchetti served as a Financial Administrator for Land Acquisitions at Epic Development, Inc. Then in 1998, Mr. Picchetti joined New York based investment partnership Carlin Equities, LLC, where he initiated and managed equity positions totaling $100 million leading to over 20% return per year to his partners. In 2002, Mr. Picchetti co-founded Freedom Financial Holdings LCC, a multi-state financial and insurance products brokerage. His education, investment experience and expertise led him to become a Principal at Safe Harbor Equity.

Website: http://www.safeharborequity.com