Aiding the financial success of clients from various countries, including the United Kingdom, Peru, Costa Rica, and Mexico, Michael Quiel serves as principal and Managing Director of Arizona’s Legend Asset Opportunity Master Fund in Fountain Hills. Mr. Quiel’s venture focuses on the purchase and rehabilitation of distressed and foreclosed properties, concentrating on value-building improvements, and ultimately, resale. Also securing troubled mortgage portfolios, Mr. Quiel’s management team funds short-term hard money loans backed by commercial real estate investments. Since Mr. Quiel founded the firm, Legend Asset Opportunity Master Fund’s business model has provided innovative lending options to home purchasers with nonconforming credit profiles.Michael Quiel’s team can often provide borrowers with up to 100 percent financing, even customers who have experienced difficulty in obtaining home loans from traditional lenders. Mr. Quiel also offers investors a chance to participate in a hedge fund through his second business, Legend Advisory Corporation.In leading two active companies, Michael Quiel brings a proven history of success in hedge fund and brokerage activities. Becoming a stock trader after completing military service in 1987, he rapidly learned the ins and outs of volatile markets after the financial crash later that year. He then began his own successful stock brokerage, Biltmore Equities and Securities, which he sold in 1990; and a second entity, Desert Mountain Securities, which he sold three years later. Michael Quiel continues to employ his years of management and financial experience to his current role in capital formation.
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