New Colorado Firm Will Buy Loans

Four mortgage acquisition specialists in Denver are launching a new firm, Steel Mountain Capital, to buy both performing and nonperforming mortgage loans and other assets.Tony Rowe, Tim Campbell, Kelly Garland and Bill Already, who most recently worked together as senior executives of Security National Principal Acquisitions, have now partnered with Silver Point Capital, an approximately $4 billion investment firm focused on credit analysis and credit-related investments, to form Steel Mountain.