On the Heels of Its 5-year Anniversary, Lone Oak Fund, California's Bridge Lender Introduces Aggressive New Loan Pricing, Lowering Rates to 8.9 - 9.9 Percent

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Lone Oak Fund Introduces Aggressive New Loan Pricing, Lowering Rates to 8.9 - 9.9%. May 2008 marks the 5-year anniversary of Lone Oak Fund, LLC, a private mortgage fund making bridge loans on commercial property throughout California.

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Since we opened our doors, Lone Oak has provided unparalleled speed and flexibility to our California clients, and from the beginning the response has been positive

On the Heels of Its 5-year Anniversary, Lone Oak Fund, California Bridge Lender Introduces Aggressive New Loan Pricing, Lowering Rates to 8.9 - 9.9%. May 2008 marks the 5-year anniversary of Lone Oak Fund, LLC , a private mortgage fund making bridge loans on commercial property throughout California. Since its inception, Lone Oak has funded over $500,000,000 in loans and this week, announced that it has dropped its interest rates to as low as 8.9%.

In a market where the vast majority of the private lender groups are raising rates, Lone Oak Fund has the strength, flexibility and solid reputation to do just the opposite. Borrowers can expect 8.9%-9.9% interest rates from Lone Oak, depending on the quality of the property, location of the property and the amount or size of the loan.

Founded in 2003 by Principals Gerald A. Ducot and James A. Rothstein, Lone Oak has realized steady year-to-year growth in its short history. Over the past five years, Lone Oak Fund has grown to become the preferred hard money lender for independent mortgage brokers, bankers, attorneys, accountants, business managers, community banks and other professionals seeking fast, reliable bridge financing for their California clients. As the Fund begins its 6th year, Lone Oak anticipates a record breaking year in 2008 with loan volume exceeding $200 million.

"Lone Oak has created a niche that serves today's tough financial climate," said Jerry Ducot. "As a private portfolio lender larger than many banks, specializing in only bridge financing and only in California, we have the ability to close loans faster and offer far lower rates than our competitors."

"With current institutional credit and liquidity restraints, borrowers may not be able to obtain financing as easily as in the past. Lone Oak is well positioned to take advantage of these circumstances," added James Rothstein.

Lone Oak is funded through an exempt private offering with an investor base of high net worth individuals, pension funds and charitable foundations. The Fund makes short-term 1st trust deeds on California real estate for amounts typically ranging from $1 million to $15 million. Loan terms range from 30 days to 12 months, with extensions of up to an additional 12 months. As a private lender, Lone Oak is not regulated or restricted like institutional lenders, so appraisals and tax returns are not required. In addition, Lone Oak maintains an edge over the competition by closing most loans within five days.    There are no pre-payment penalties or junk fees.

"Since we opened our doors, Lone Oak has provided unparalleled speed and flexibility to our California clients, and from the beginning the response has been positive," said Ducot. Co-founder Rothstein added, "Now more than ever, Lone Oak is in a position to help current and prospective clients stabilize their position, obtain financing, and close deals with the security that they have come to expect."

Lone Oak Fund, LLC is a private mortgage fund licensed as a California Finance Lender under Dept. of Corporations license number 603B623. It is organized for the purpose of making bridge loans secured by first trust deeds on California real estate. The Fund makes commercial, industrial, apartment, condo conversions, remodeling, special purpose property such as churches, schools, retirement facilities, and entitled-land loans to developers, investors and businesses.

Lone Oak does just one thing…and no lender does it better.

For more information on Lone Oak Fund, go to http://www.loneoakfund.com or call 310-826-2888.

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Lori Shackel
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