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Scollay Tax Acquisition Company

We buy property tax liens in Massachusetts. Tax liens yield 16% by law and enjoy superpriority status ahead of all mortgages & encumbrances

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Marblehead, MA, USA
  • Currency USD
  • Founded September 2002
  • Employees 1
  • Website scollaysquare.net

Company Summary

As the sole contractor for JP Morgan in Massachusetts, Scollay Square Investment LLC has been at the forefront of privatizing property tax collections since 2007. We take assignment of entire tax lien portfolios from cities and towns. The Massachusetts market is approximately $900 million, and privatization has only just begun. Now we are seeking a limited amount of equity investment to take advantage of high yields with very low risk.

Team

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    Michael Cercone
    Manager

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    Edward A. O'Brien III
    In-House Counsel

Advisors

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    Carroll & Vounessea, LLP
    Lawyer
    Unconfirmed
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    W. A. Leonard & Co.
    Accountant
    Unconfirmed