Introduction
Investors and lenders seeking to obtain the specialized servicing necessary to effectively and efficiently work distressed assets can benefit from outsourcing the servicing of the assets to an entity that has the platform and experienced personnel that can manage and liquidate the assets.Numina Finance's personnel have a proven record of success managing / liquidating distressed assets evidenced by many years of serving as employees and contractors for entities handling distressed assets and also as purchasers of these types of assets for their own account.
Numina Finance began operations in 1995 as a diversified finance company providing businesses with working capital via accounts receivable factoring and asset based loans, and performing field examinations/audits for banks. In 2003 Numina Finance established a subsidiary, First Recovery, to acquire a portfolio of distressed assets. Numina Finance has divested itself of its portfolio of working capital products and is concentrating on management of distressed assets.