Nassau Asset Management - Liquidations, autions, collections, and repossessions

The History of Nassau Asset Management

In 1974 Peter Castagna was an early leasing entrepreneur and pioneer. His company Hastings Capital was formed. His main business was developing vendor relationships and financing equipment purchases for credit worthy lessees. Hastings' sales force called on vendors and manufacturers spanning multiple asset classes including aircraft, construction, medical, woodworking, and everything in between.

Hastings became an originator for various banks and their leasing subsidiaries. The company went public and business was growing until December 19th, 1980. That was the day interest rates rose to 21.50%. High interest drove potential lessees away from leasing.

Hastings board decided to take the company private and to run off existing portfolios. As the portfolios wound down Peter managed operations by collecting delinquent accounts, coordinating repossessions, remarketing, negotiating end of term deals, and collecting deficiency balances.

As his portfolio and workload slowed down Peter returned to his contacts in the banking community. This time instead of marketing lease paper he called offering effective portfolio management skills and services he developed for his own needs. Leasing was still in its early stages and he found himself and his skills in demand.

In 1986 Nassau Asset Management was born.

Peter's oldest children grew up watching their father's transformation from being a lessor to becoming a service provider to the leasing and finance industry. After college Denise and Edward decided to join the company. With strong business guidance from the founder the sibling's ambitious energy was channeled in the right direction. Nassau, a contemporary company continues to grow and thrive by applying 21st century technology to a proven basic formula. The combination makes Nassau a wonderful company to work for and a proven producer for hundreds of clients who rely on them.

"We're only as good as our people." Nassau boasts long term employee retention. Our management team employment tenure average is currently 14 years.

Nassau has grown from a one man operation with one location to a 160 location national organization. Nassau Headquarters is located just 20 miles East of New York City in Westbury, NY. The collection division is located in Wrentham Massachusetts.

Nassau has developed thousands of long term solid relationships with Lenders and equipment buyers alike. All relationships are built on solid hard working experience, fairness, integrity, and performance. We call it "The Nassau Way."
History of Nassau Asset Management

Nassau Div4

ELFA   Serving the ELFA
for over 20 years.
  Nassau Asset Management   NEFA Logo