$CFGX .005 AH News Last night Capital Financial Gl
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$CFGX .005 AH News Last night Capital Financial Global Launches Residential Hard Money Lending Division
SALT LAKE CITY, July 19, 2012 /PRNewswire via COMTEX/ -- Capital Financial Global, Inc. (OTC:CFGX), formally announced today that it has successfully launched its new residential real estate hard money lending division.
"I'm pleased to let shareholders know we have all the pieces now in place and have launched our residential hard money lending program," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "We are lucky to have Mr. Heath Markovetz to head the division for us and believe, with his leadership, this will be an extremely important profit center for the Company this year."
"This brings all four of our lending segments into action--our Commercial Real Estate, Residential Real Estate, Insurance Based Lending, and Mining & Precious Metals Lending. We will continue to develop these areas of our business aggressively and expect to see significant financial results soon."
The announcement comes as a follow-up to the Company's press release on June 20, 2012 regarding its new "Hard Money Lending Syndicate, Expansion of One-Off Lending Capacity" found at: http://finance.yahoo.com/news/capital-financi...00266.html
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.
Unlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.
Our Business Model
We make money by charging loan fees, making interest rate spreads on loans we hold, and by buying & selling loans in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also make money by charging loan servicing fees and by selling distressed assets that we acquire for our own investment or through some type of foreclosure.
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