November 30, 2011
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced today that it acted as financial advisor to LienLogic, Inc. in securing a $30 million senior, secured credit facility.
LienLogic, Inc. is a real estate tax lien management company founded in 2008. The company, located in Colorado Springs, CO, was originally organized to provide an array of services to participants in the real estate tax lien industry through the development of a website providing news information and advice on purchasing/acquiring and investing in tax lien certificates (TLC's) and tax deeds. In 2009, the company refocused its efforts to acquire real estate tax liens for its own account. LienLogic initially focused TLC purchases in Colorado and Indiana but has expanded its activities to Maryland, DC, and New Jersey with additional markets under review. The company's portfolio consists largely of residential TLCs, and also includes TLCs encumbering commercial and a very limited amount of raw land.