We are seeing an influx of loans (C&I, Real Estate, Leases, etc.) hitting the market through the various auction houses where we are registered. This is in comparison to a rather slow April.

This is good news, and industry experts expect this to continue and dramatically increase in Q3 2010.

With the closure of City Bank and Frontier Bank, respectively acquired by Whidbey Island Bank and Union Bank, there should finally be some movement on assets from these institutions. Previously, City and Frontier, could not take the capital loss by writing down assets to the market values through a sale. Now, with stronger financial institutions in place, as well as the FDIC taking back many City assets, sales should be forthcoming.

As of May 1, 2010 we have moved to our new location on the Eastern shores of Lake Union near the Ship Canal Bridge. Our new address is:

3147 Fairview Ave E Suite 200,
Seattle, WA 98102

Feel free to drop in and see our new more open offices over looking the water and next door park.