Denver, CO (October 5th, 2010) – Access Capital Investment Group's (ACIG) new acquisition program assists auto loan originators better manage their consumer auto loan portfolios, primarily through the bulk acquisition of auto portfolios. Due to the unique nature of ACIG's financing platform, the company has the flexibility to price and purchase all accounts in a loan holder's portfolio, regardless of delinquency status or payment frequency. Beyond the standard bulk acquisition programs, the company can also purchase bankrupt accounts; offer structured financing lines up to $2,500,000 as well as payment-stream financing programs (“Strip Financing”) to established finance companies and automobile dealers.
ACIG's new programs are now made possible due to the addition of key personnel over the past several months. Most recently, the company hired Ken Terkel as Director of Business Development. Ken began his career in the auto business in 1980 and then went on to be the Executive Vice President of SeaWest Financial Corporation that was sold to Consumer Portfolio Services after originating in excess of $750 million in loan volume. “With Ken's 30 years' experience in automotive lending, it will allow us to further craft
transactions that meet our client's needs,” says Jeff Hutcheson, Managing Partner of CIG.
ACIG, located in Denver, CO has been providing liquidity solutions for auto lenders since 2001. From its inception, ACIG has structured over $2 billion in automobile portfolio transactions among our hundreds of clients throughout the country.