Mark Sullivan
West Frankfort, IL (USA)
Role(s):
Echelon Development Inc.
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Startup
Location:
West Frankfort
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Description:
Echelon Development specializes in buying, rehabing and selling distressed single family homes. Previously Echelon sold these units owner financed, then sold the mortgages to investors to bundle and sell as securitized investment instruments. Since the credit collapse last summer it has become difficult to sell the mortgages for a reasonable return. Echelon would like to hold these mortgages and benefit from the excellent long term returns available.