1888PressRelease - Noble Capital has released its Company Product Results for April, 2014, which shows that it originated a record $7,500,000 loans for the month.
Austin-San Marcos, TX - Noble Capital, the premier private money lending network in Texas, has released its April 2014 Financial Report with the main highlight showing the company originated a record $7,500,000 loans in a single month. While Noble Capital did the same number of loans in April as it did in the previous month, the average loan amount increased by more than 53%.
"Our larger loan demand supports our desire to raise larger amounts of capital. Our seminar series has proved to be quite successful in offering our product to new Lenders who are interested in joining our private lending network", says James Gaskin, Funding Manager for Noble Capital.
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 saw a big push for our product this Spring as home investors work diligently to ready their product for the peak selling season. Given the current market conditions, we anticipate this loan demand to continue as the fundamentals of the Texas housing market are supported by the influx of people moving to Texas", says Romney Navarro, VP of Lending for Streamline Funding.
Noble Capital is seeing significant growth in its larger loan amounts in the Austin and Houston markets as demand for high-end housing continues to increase. Additionally, new construction loans are also on the rise as record low inventory continues to promote a seller's market. This combination of factors has given Noble Capital's private money lenders increased confidence in funding short term real estate loans.
"Our Lenders are pleased with the variety of loans we have to offer. We have been able to put their money to work quickly, earning them between 8-10% on their money," states Edward Hart, Funding Manager for Noble Capital.
For more information about Noble Capital, please visit http://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.