NEWS

WIRES

OTHER

Trax Capital Continues Debt Purchases In Florida

Purchases are as follows:

- One hundred and eighty acres of entitled land in Sarasota County with a total unpaid principal loan balance of $15.8 million

- A mixed-use, partially completed development in Sarasota County with 25,000 square-feet of retail and office, of which 50 percent is leased, with a total unpaid principal loan balance of $18.0 million

- A single family development with infrastructure in place for 135 single family residence (SFR) lots in Hillsborough County with a total unpaid principal loan balance of $11.7 million

- Two luxury SFR spec homes in Manatee County with a total unpaid principal loan balance of $2.5 million

- A judgment on the remaining units in a luxury condominium project in Siesta Key with a total unpaid principal loan balance of $11.4 million

- A pool of individual resort condominium units in Anna Maria Island, Manatee County with a total unpaid principal loan balance of $15.0 million

Focusing on debt investments, Trax acquires underperforming commercial and real estate debt facilities with the primary investment strategy of restructuring and collecting. Over the last two years, the company has acquired more than $300 million in commercial real estate debt and corporate debt instruments. Trax has also served as a vehicle for settlements in high profile collection/foreclosure cases at the lenders' request.

For more information on Trax, please visit TraxCapital.com (http://www.traxcapital.com),

call 407-377-0565, or e-mail kfarrell@traxcapital.com.

HTML: http://www.eworldwire.com/pressreleases/211833

PDF: http://www.eworldwire.com/pdf/211833.pdf

ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/315844

Trax Capital Management
200 S. Orange Avenue
20th Floor
Orlando, FL 32801
PHONE. 407-377-0565
FAX. 407-650-5957
EMAIL: farrellk@traxcapital.com
http://traxcapital.com