Aspen Capital
| Company type | Private |
|---|---|
| Industry | Merchant banking, real estate finance, lending |
| Predecessor | Aspen Capital Partners |
| Founded | 1987 |
| Headquarters | Portland , United States |
| Products | Loan acquisition, real estate financing and investment, distressed securities, hospitality sector investments |
Aspen Capital operates as a merchant banking institution located in Portland, Oregon, USA, with expertise in acquiring loans, financing and investing in real estate, handling distressed securities, and the hospitality sector. Initially founded under the name Aspen Capital Partners, the company concentrated on commercial real estate before broadening its scope in 2004 to include residential lending by providing loans to homeowners facing potential foreclosure.
Financial crisis
During the 2007 housing market downturn, the bank attracted considerable scrutiny when nearly 45% of its loan portfolio entered foreclosure. Although its impact on the overall housing market was minimal, Aspen Capital has since become chiefly known as an investor in commercial real estate. In 2010, the lender was subject to an inquiry by Oregon regulatory authorities regarding possible breaches of consumer protection laws.