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NEWS
PRESS RELEASE March 10, 2010 Oklahoma City, OK Receiver Certificate’s Fund Alliance Announced Receiver’s Certificate Capital Partners, LLP (RCCP) announced today that it has formed a strategic alliance with AMREX Receivers of Greensboro, NC to provide funding for “Receiver’s Certificates” on a national scope. RCCP recently announced the development a $1,750,000.00 fund dedicated exclusively for the purchase of Receiver’s Certificates. When a commercial real estate mortgage goes into default the senior lender can petition the court to appoint a receiver to take over, operate and dispose of a property in jeopardy. Once appointed by the court, receiver’s make assessments of a property’s condition and both physical and operating. The receiver will take over all bank accounts of the property and make payments to taxing authorities, vendors, managers and employees of a property. In the event there is a shortfall of cash available to make these expenditures and the receiver has the authority to issue a Receiver’s Certificate to obtain the necessary funding. This certificate is approved by the court and signed by the judge appointing the receiver. Upon approval by the senior lender it becomes a super priority first lien on the property and is repaid through the operation or sale of the property. The Certificates can carry an above market interest rate and although maturity dates are not defined they are typically short term in nature. It is the intent of the Partnership to purchase these Receiver’s Certificates, hold to maturity and reinvest both the principal and interest in additional like kind certificates thereby providing an ongoing funding source for receivers. Blount says that “the current implosion in the commercial real estate markets and ongoing bank failures should make this investment concept one to watch.” Nick Hice, president of AMREX Receivers says that “this funding will allow his firm the ability to act post-haste when accepting a receivership form the courts.” AMREX Receivers is a nationally recognized court appointed receiver that provides specialized workout and real estate services to state and federal courts, law firms, trustees, corporations, partnerships, REITs, lenders and property owners throughout the United States.
PRESS RELEASE March 1, 2010 RE: RECEIVER’S CERTIFICATE CAPITAL PARTNERS, LLP Patrick Blount, president/CEO of Benewolf, LLC announced today the formation and initial funding of Receiver’s Certificate Capital Partners, LLP (RCCP). The purpose of the partnership will be to provide capital for receivers of real estate properties nationwide. The initial offering of RCCP will be one million, seven hundred fifty thousand dollars ($1,750,000.00.) These funds will be secured by super priority first lien Receiver’s Certificates on real property. Blount will act as the Partnership’s Managing Partner. When a commercial real estate mortgage goes into default the senior lender can petition the court to appoint a receiver to take over, operate and dispose of a property in jeopardy. Once appointed by the court, receiver’s make assessments of a property’s condition and both physical and operating. The receiver will take over all bank accounts of the property and make payments to taxing authorities, vendors, managers and employees of a property. In the event there is a shortfall of cash available to make these expenditures and the receiver has the authority to issue a Receiver’s Certificate to obtain the necessary funding. This certificate is approved by the court and signed by the judge appointing the receiver. Upon approval by the senior lender it becomes a super priority first lien on the property and is repaid through the operation or sale of the property. The Certificates can carry an above market interest rate and although maturity dates are not defined they are typically short term in nature. It is the intent of the Partnership to purchase these Receiver’s Certificates, hold to maturity and reinvest both the principal and interest in additional like kind certificates thereby providing an ongoing funding source for receivers. Blount says that “the current implosion in the commercial real estate markets and ongoing bank failures should make this investment concept one to watch.”
12/28/2009 - Patrick Blount has been elected to be the President of the Turnaround Management Association – Oklahoma Chapter for more information go to www.turnaround.org
11/3/2009 – Patrick Blount to speak at the Association for Corporate Governance (ACG) / Risk Management Association (RMA) joint breakfast in Jacksonville, Florida on current events in the banking industry. http://chapters.acg.org/northflorida/ http://www.rmahq.org/RMA/Chapters/Florida/Events/
9/23/2009 Turnaround Management Association The Oklahoma Chapters of both the Turnaround Management Association and the Risk Management Association will host a joint conference entitled “Buying a Bank from the FDIC.” The conference will be held at the Mayo Hotel in Tulsa, Oklahoma on October 27, 2009. For information contact Patrick Blount at Benewolf, LLC. 405-282-1472 8/06/2009
Benewolf CEO Patrick Blount selected to speak at Banker’s
Education Expo 03.10.2009 Patrick Blount, BENEWOLF President & CEO, Speaks to Banking Institute
03.10.2009 President of BENEWOLF hosts Weathering The Storm Conference The Florida Bankers Association has again invited Patrick Blount, President & CEO of BENEWOLF, to host a conference entitled "Weathering The Storm." The conference will be held in Orlando, Florida on March 18, 2009. Register Now! 02.19.2009 Turnaround Management Association
TMA) 2009 Spring
Conference, April 28-30, 2009 - InterContinental Chicago - 800.628.2112 02.11.2009
How to Take Control of a Company in Crisis, presented by
TMA & RMA 12.05.2008
Upcoming
Conference - Weathering The Storm 11.18.2008
Asset Plus Companies and KET
Enterprises of Houston, Texas, and BENEWOLF, LLC,
of Guthrie, Oklahoma, announced today that the parties have agreed to form a
joint venture combining BENEWOLF's global distressed loan sale business with
Asset Plus Company’s nationwide property management operation and KET’s
commercial real estate brokerage and valuation abilities. The transaction will
create a joint venture to pursue growth opportunities in disposition,
acquisition and management of distressed mortgage debt and real estate from both
the government and private sectors. 11.17.2008 TMA Oklahoma Chapter in Formation Announced. Turnaround Management Association (http://www.turnaround.org/) has 8,300 members in 43 regional chapters, comprising a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence. Its Certified Turnaround Professional (CTP) program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal." 9.16.2008
7.15.2008
6.1.2008 BENEWOLF is cosponsoring a DO NOT MISS event! The interactive conference will be held in Clearwater Beach, Florida, on July 15, 2008. The conference, What Every Banker Needs to Know About Selling Loans, is a one day conference, bringing bankers, buyers and regulators together to discuss the gap in today's market. REGISTER NOW!!! 4.2.2008
3.3.2008
12.17.2007
BENEWOLF Sponsors Global Distressed Debt West Coast Investor Forum
Register now at 1-800-882-8684 
Register now at 1-800-882-8684 7.3.2007
We would like to welcome James “Jay” Brunson to our team. Jay joins us as SR VP & Counsel, and will be using his extensive law experience to benefit our clients.
We are proud to announce two new additions to our team: Jennifer Clift, VP Loan Trading, joins us from MetaFund
and Martha Reddout, VP Underwriting, joins us from OSU-OKC. Patrick Blount, Managing Director of Sales, resigns from DebtX effective February 1, 2007, and forms BENEWOLF, LLC. The company, located in Guthrie, Oklahoma, will specialize in the sale of government guaranteed loans primarily from the USDA and the SBA. In addition, BENEWOLF will offer loans from long time clients operating in ten states. Blount is joined by a team of qualified professionals making the company a top contender in the loan sale field.
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