Mountain Real Estate Capital Closes on Another Bank REO Acquisition from Bank of America

Charlotte, NC – September 27, 2010 – (RealEstateRama) — Charlotte-based Mountain Real Estate Capital (MREC) continues the success of its bank REO/NPL acquisition platform by closing its second acquisition from Bank of America in the last three months. The first is a 1,000-unit active adult project located in the U.S. 27 corridor of Orlando, which closed in June. The second is a San Diego partially completed subdivision of 17 lots and four completed models, which recently closed in August


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