Noble Capital Releases May 2014 Loan Portfolio Results

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Noble Capital Releases May 2014 Loan Portfolio
Results
1888 PressRelease - 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.
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"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/ Abo
ut 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. http//www.noblecapital.com