Noble Capital Releases May 2014 Loan Portfolio Results
1888 Press Release - Noble Capital releases its May 2014 loan portfolio results showing an increase of 10.48% from its previous month.
Austin-San Marcos, TX - Noble Capital has released its May 2014 loan portfolio results, showing another record breaking month.
The results show that the Texas based private money lending company has grown its loan portfolio to a new record, finishing at just under $50,000,000 in loans. This result represents a 10.48% increase over the prior month.
Noble Capital originates and services loan opportunities to its private lender network, where members are able to earn a high yield on those loans secured by Texas real estate. Through its wholly owned subsidiary named Streamline Funding, they identify borrowers that are qualified and ready to take on the responsibility of one of these types of short term real estate loans.
"We are seeing healthy origination levels for new loans, and we anticipate this trend to continue into the strong real estate market within Texas," Chris Marroquin, Regional Production Manager, Streamline Funding.
Year to date results show that Noble Capital has increased its loan portfolio by more than 35%.
"It's been a real pleasure working with new members in our Private Lender Network. They get to see exactly what we do at our seminars and orientations. We spend a lot of time and energy on education and really enjoy the relationships that come with our Lenders as they join our family," Chris Ragland, COO, Noble Capital.
May also saw the only REO in Noble Capital's portfolio refinanced into a new loan resulting in a 100% REO free portfolio for the Private Lender Network, another first for the company since launching the Private Lender Network in 2011.
"Even when one of our Borrower has issues on a loan, we are, in most instances, able to work out a solution that doesn't take anything away from the Lender's security. And when we do have to foreclose on property, the asset is valued in such a way that we are quickly able to march through our disposition process," Grady Collins, CFO, Noble Capital.
For more information about Noble Capital, please visithttp://www.noblecapital.com/about/media/
About Noble Capital:
Noble Capital was formed in 2004 to service & manage lender relationships, and has successfully participated in over 400 transactions. The Noble Capital Private Lender Network is an informal group of individuals who fund short term, first lien mortgage loans serviced by Noble Capital through borrowers provided by Streamline Funding. The mission of Noble Capital is to be Texas' premiere Private Real Estate Lending Platform, providing quality lending opportunities (8-10% interest secured by Texas real estate) to members of their Private Lender Network.
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Submitted on: 2014-07-08 00:13:23