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| Seth Wise |
FORT LAUDERDALE, FL – Dec. 11, 2012 – – BBX Capital (NYSE:
BBX), formerly BankAtlantic Bancorp, announced that it has entered into an
agreement with Bayview Loan Servicing, LLC (“Bayview”).
Bayview will
provide customary mortgage loan servicing services with respect to certain
commercial, residential and consumer loans and related REO owned by a
subsidiary of BBX Capital.
“We are pleased to
be partnering with Bayview as we continue to build our investment portfolio,”
said Seth Wise, president of BBX Capital Asset Management. “The expertise of Baview’s executive team
gives us the ability to maximize the value of our assets over the long term and
focus on our core business.”
BBX Capital has
transitioned from a bank holding company into a diversified investment and
asset management company. The business of BBX Capital includes real estate
ownership, direct acquisition and joint venture equity in real estate,
specialty finance, and the acquisition of controlling and non- controlling
investments in operating businesses.
As of September 30, 2012, BBX Capital had total consolidated assets of
approximately $488.4 million.
BBX Capital Contact
Info:
Leo Hinkley, SVP,
Investor Relations Officer
Telephone: 954- 940-5300
Media contact: Caren
Berg,
Boardroom
Communications,
(954) 370-8999
.
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