Dallas, TX (PRWEB) August 12, 2010
FP Management Group, LLC., the authorized marketing agent for FP Asset Group, LP, fka, Funding Partners LP, a Texas based Hard Money Asset Based Lender, and their affiliates hereinafter (FPLP), and DASH Property Co (DPC), single family residential investment company and their affiliates, have sold a package of over 200 residential properties to LIG Assets, Inc. (LIGA). The package consists of residential homes, with values ranging from approximately $60,000 to well over $200,000, and a residential land development. According to Scott Horne, President of FP Asset Group and DPC, “We are pleased to sell this package of properties to LIG Assets. With the real estate market place beginning to turn around, LIGA will be positioned to take advantage of not only the future upside potential in the real estate market, but also gain immediate cash flow from the properties.” Horne says that the homes were rehabbed prior to occupancy and are income producing. “The sale of these properties will allow us to substantially expand our hard money, asset based, lending capacity to allow other real estate investors to take advantage of the increasing opportunities in today’s real estate market. It will also allow us to work with LIGA in acquiring additional income producing properties” says Dave Aarant, Vice President of FP Asset Group and DPC.
Jeff Love, President of LIG Assets, adds that “We have had a long and profitable relationship with Mr. Horne and Mr. Aarant and look forward to continuing this relationship. The purchase of this property package and the recurring long term monthly income will allow us to leverage the value of LIG and to assist us in the purchase of the other large commercial projects that LIG currently has under contract. Mr. Love adds that he has signed an agreement with FP Management Group, LLC to manage the properties for LIGA.
ABOUT FUNDING PARTNERS, LP and DASH PROPERTY CO.
FPLP, in business since 1997, is a hard money, asset based, lender, working with real estate investors in the Texas marketplace and specializing in residential investment lending. By 2008, Funding Partners was recognized as one of the largest privately owned hard money lenders in Texas. DASH Property Co., started in the early 1990’s as a residential investment company, has purchased, remodeled and sold over 2,000 homes. In recent years, DASH has evolved into a property management company, and has managed thousands of residential properties for itself, its affiliates, and for others. All companies are based in Dallas, Texas. Mr. Horne and Mr. Aarant manage and operate FP Asset Group, LLC and DASH Property Co.
ABOUT LIG ASSETS
LIG Assets, Inc. (LIGA), a publicly-traded company, focuses on acquiring, remodeling and selling commercial and residential real estate. LIG is also a production company, focused on exploration and is committed to employing technical and operational expertise in the geologic trends generating hydrocarbons for a demand-driven market, while acquiring new concessions. LIG Assets Inc. is not limited to these two domains but welcomes new opportunities at all times, allowing LIG to become a worldwide investment company.