Skip to main content

Sand Capital acquires $100 million-plus in REOs
Sep 15, 2010

Jay Stein, president of Sand Capital of Scottsdale, Ariz., a division of Sandor Development Company, has announced that their company has successfully acquired more than $100 million in distressed debt and real estate-owned (REO) properties. The company has a goal of acquiring $1 billion of distressed assets before the commercial real estate markets stabilize. "The economic conditions present in the market for the last two years have created once in a quarter century opportunities for our company," said Stein. "By acquiring properties and notes from across the nation during this time, we have managed to stay ahead of the recession and continue to grow our portfolio significantly." While company policy is not to disclose terms and conditions of individual transactions, Sand Capital has acquired distressed notes on properties and REOs totaling in excess of $100 million and has added 1.2 million sq.-ft. to their portfolio. The types of assets acquired are commercial, residential, office and industrial real estate. The latest asset acquired is 52,000 sq.-ft. of ground level retail space in Idaho. "In nearly all cases, these distressed properties and notes are a product of the current economic climate, and to ownership under-management. By aggressively leasing and rehabilitating these assets, we expect these properties to rebound fully in the near future," said Stein. "Our advantage comes from not just being buyers and sellers, but hands-on operators of real estate properties, with a nearly 50- year track record of success." For more information, visit or
Sep 15, 2010
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023