Banks throughout the United States hold a great volume of assets, but few viable avenues for finding buyers ready to make deals amenable to both parties, says Asset Advisor Clark Street Capital. A new network aims to bridge the gap between buyers and sellers by providing a proprietary database of direct buyers – and by focusing specifically on U.S. real estate assets from mortgages to REOs. Bank Asset Network, launched today by Clark Street Capital, is a secure, online database for buyers looking to purchase US banks assets. The Network allows interested buyers a free and private online portal for submission of a detailed profile with their investment criteria. The submission process filters participants based upon key categories, such as performance level, desired markets, and type of real estate asset, among others. “Banks want to sell assets and buyers want to buy, but the problem is price,” says Jon Winick, President of Clark Street Capital. “The Bank Asset Network will help bridge the bid/ask spread and offer the broadest spectrum of customized buyers available,” he says. Clark Street Capital will then leverage its direct and indirect bank relationships to structure customized transactions. These transactions can range in size from a bank selling a single REO, to a local investor, to a highly complex joint venture involving multiple buyers, the company says. Prospective buyers also gain access to off-market transactions from community and regional banks. The end result is simple, the company says – deals are made, and buyers and sellers are matched with far fewer complications than exist without the network. Write to Kelly Curran.