Silverleaf Financial

Salt Lake City, UT--August 26, 2011 - Earlier this month SilverLeaf Financial announced that Loan Tree Investments LLC had chosen to exercise their "option to put" the Flagstaff, Arizona luxury golf club and community "Pine Canyon" to the lender, SilverLeaf Financial. This week SilverLeaf reports that the transfer of ownership has been finalized.

SilverLeaf Financial acquired the debt of the 619 acre residential community and private golf course earlier this year in April 2011. Pine Canyon was one of eight loans acquired in a portfolio purchased from a midwest regional bank, the originator of the loans.

At the time the loan was acquired by SilverLeaf, the respective borrowers Loan Tree Investments LLC had already filed chapter 11 bankruptcy. Sales of the real estate in the development had slowed to the point where the borrowers were unable to pay back their $24 million debt obligation when the loan was called due in mid 2010. Eventually the debtors and SilverLeaf reached an agreement in relation to a repayment plan in bankruptcy court.

Soon thereafter, Loan Tree Investments LLC exercised their option to put the property to the lender, SilverLeaf. This week the documentation was finalized and the Pine Canyon property ownership transferred to SilverLeaf.

The loan's collateral consists of the private 18 hole golf course and clubhouse, "Camp Pine Canyon" recreational amenities, 3 luxury custom homes, 3 condos, 4 townhomes, 340 platted/planned residential lots, 11 cabin lots, 46 townhome lots, as well as additional undeveloped tracts of land located within and near the development.

SilverLeaf Finanical intends on retaining ownership of Pine Canyon long term and seeks to preserve the standards of excellence Pine Canyon holds, while making Pine Canyon the premier golf club and community for families in northern Arizona.

About SilverLeaf Financial

Headquartered in Salt Lake City, Utah, SilverLeaf Financial focuses on acquiring non-performing commercial loans secured by first position trust deeds. These assets are acquired from the FDIC, regional banks, special servicers and other financial institutions for the purpose of future monetization. For more information, visit SilverLeaf Financial's website www.SilverLeaf-Financial.com

About Pine Canyon

Pine Canyon is a fully amenitized, private golf course and community in Flagstaff, Arizona. Located adjacent to the Coconino National Forest, this family-oriented development features a world class golf course, award winning clubhouse, miles of hiking, biking, and fishing as well as Camp Pine Canyon, a $6.5 million state-of-the-art kids retreat complete with three pools, a water slide, tennis courts, basketball courts and more. Pine Canyon is Northern Arizona's premiere family friendly golf destination.  Visit www.PineCanyon.net

###