SilverLeaf acquired the $8.9 million loan on the Woodland Mall here in Bowling Green. The 300,000-square-foot mall is situated on 50 acres and houses tenants like Sears, Famous Footwear, Cinemark, Dunham's Sports, and Elder-Beerman. SilverLeaf executives see potential in the Bowling Green area, which has a college-student population of more than 20,000.
Additionally, SilverLeaf paid $1.35 million for the 20,000-square-foot office building in Shaker Heights, OH. The property is primarily occupied by AMTrust Bank.
SilverLeaf has been aggressively pursuing loan purchases this year. In 2009 it has now bought 39 loans and is looking for further opportunities to acquire first position trust deed commercial loans.
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