Navigator Acceptance completes two portfolio sales in July

Sub Prime Lender Finds Liquidity

This month Navigator Acceptance completed two sale transactions, of consumer loans, in a market where getting a deal done is at best challenging. According to Navigator’s President Bobby Lazenby, Navigator will, from time to time, continue to pursue select sales of their high quality independent automobile installment contracts. Navigator’s loans are originated directly from the group’s (Navigator Dealer Group) eight dealerships located throughout the states of Georgia and Indiana. Navigator Dealer Group continues to be a dominant player with annual sales expected to hit $70mm for 2009. According to Lazenby “Navigator Acceptance owns and services in excess of $70mm in automobile backed installment contracts”.

Atlanta Georgia -

Tags: Finds, Liquidity, Navigator, in, market, tough

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Comment by John Jelinek on September 11, 2009 at 8:53am: Bobby,

I work for Consumer Finance Asset Management, LLC in Dallas, TX. CFAM purchases secured charged off auto loan accounts - bankrupt and non-bankrupt - between 90 – 280 days past due and has the capability to support single loan pool acquisitions as well as forward flow arrangements. We would like to participate in any future sales that you may offer.

Please contact me at john.jelinek@cfamllc.com or 469-682-9553.

All the best,

John Jelinek

Comment by Bobby Lazenby on September 14, 2009 at 2:08pm: Thanks John, we are peddling performing loans at present. Small loan pools from $1mm to $3mm.

BL