Milestone Merchant Partners has expanded its business through the launch of its new subsidiary, Milestone Asset Resolution Company, (MARC). The company claimed that MARC provides consulting, asset management and asset disposition services to owners of all types of land and construction loans. MARC is expected to provide three core services to its customers — loan assessment and valuation, loan servicing and asset management, and loan disposition services.
The team at MARC will be working with financial institutions that are conducting self-examinations of their construction portfolio exposures and allowance adequacy. They will also be assisting federal and state regulators working with troubled institutions and institutional investors considering investments in financial institutions or asset purchases.
MARC co-founders, Patterson Jackson and Jim Fraser will be leading the MARC team in helping clients to resolve distressed land and construction loan challenges.
Gene Weil, CEO of Milestone Advisors, said: “By forming MARC and aligning itself with Milestone Advisor’s existing investment banking business, we can now offer our clients a one-stop-shop approach to managing their ADC assets on a nationwide scale.”
Milestone Merchant Partners, a parent company to Milestone Advisors is a Washington based an investment banking firm specializing in mergers and acquisitions, capital formation, and corporate restructurings for the financial services industry.
