Gil Priel, Managing Director of Peak Capital Group, stated that Mr. Caplan will focus on the acquisition of delinquent residential and commercial mortgages and REO’s in the western United States.

Priel cites that the need for creative financing will become more important than ever as the REO market accelerates and more sellers are under duress.  “Lenders with portfolio funds will be a primary source for funding in 2008 and beyond.  Having immediate access to capital will be the "gold" for success in the coming years.”