DENVER, Sept. 1, 2011 /PRNewswire/ — MountainView Capital Holdings, LLC today announced that MountainView Public Private Investment I, LLC (“MountainView”) was the successful bidder in the sale of 1,453 single family residential mortgage loans by the FDIC. The loan portfolio is from 48 failed bank receiverships and has an unpaid principal balance of approximately $282 million. The FDIC, in its receivership capacity, will retain a 60% interest in the portfolio.

The FDIC conducted the sale through a competitive auction held on August 9. MountainView closed the acquisition of the portfolio on September 1 in conjunction with Statebridge Company, LLC, the Denver-based special servicer that will be utilized to service the loans. Geneva House, LLC, an affiliate of Statebridge, is co-investing with MountainView as a minority investor.

“This acquisition is a significant accomplishment for MountainView and its asset management franchise,” commented Michael Morgan, CEO of MountainView Capital Holdings. “We have provided transaction advice to sellers and buyers since 1989, we expanded into asset management in 2008 with the launch of our first fund, and our team has now consummated a transaction that should be a great opportunity for investors in our second fund.”

“In conducting our due diligence, we were very impressed with the credit quality of the portfolio and the relative strength of the collateral,” added James Sherrill, Managing Director and Portfolio Manager at MountainView.

“Statebridge is proud to partner with MountainView and the FDIC to service this portfolio,” said Kevin Kanouff, CEO and President of Statebridge. “In addition, this is the largest investment to date by Geneva House, our affiliate investment vehicle. Geneva House was created, in part, to invest along with Statebridge clients as a way to further align the interests of investor and servicer.”

About MountainView Capital Holdings

Headquartered in Denver, MountainView Capital Holdings is a financial services firm focused on the diverse needs of participants in the mortgage and fixed income capital markets. With expertise in asset management, valuation, risk management, trading, marketing and sales, MountainView is uniquely qualified to create value in all market conditions, and the firm continues to build on a longstanding commitment to offer a broad range of services. Visit www.mvch.com to obtain additional information.

About Statebridge Company

Statebridge Company is a Denver-based provider of custom, high-touch servicing for the residential mortgage industry. Statebridge was founded on the principle that a combination of technology, deep industry experience, custom borrower touch, and a contrarian view of loan servicing makes a positive difference in the performance of mortgage portfolios. Visit www.statebridgecompany.com to obtain additional information.

Media Contact
Troy Rusniak | 303-870-8235 or trusniak@mvcg.com

SOURCE MountainView Capital Holdings, LLC