Austin, TX (PRWEB) October 29, 2013
Noble Capital has released its quarterly financial data, and for the quarter ending September 2013, Noble Capital has reported loan production increases by 7.41% over the previous quarter, adding 4.76% to their current loan portfolio.
Quarterly revenue also increased over the previous quarter by nearly 9%.
In the month of September, Noble Capital raised a company record $4.6 million.
Noble Capital serves as the loan servicer for the privately funded loans which are originated by its subsidiary Streamline Funding, the premier hard money mortgage broker in Texas, and originates high quality loans that fit into stringent underwriting guidelines.
"Noble Capital has been making proactive efforts to increase membership in its Private Lender Network, reaching out to new and existing members who are anxious to earn between 8 and 10% on their money secured by Texas real estate," says Edward Hart, Lending Manager for Noble Capital. "Given the record setting results of September 2013, and our improved Third Quarter Financial Date, it appears that these efforts have been paying off."
This record amount of capital will be used exclusively for its lending platform, Streamline Funding, which lends to "fix and flip" real estate investors in the Austin, San Antonio, Houston, and Dallas market.
"Noble Capital has experienced a steady increase in its lending amounts as well as its portfolio size as we continue to expand into new markets such as Houston and Dallas/FT. Worth," says Grady Collins, Chief Financial Officer for Noble Capital.
For more information about Noble Capital, please visit http://NobleCapital.com
About Noble Capital: About Noble Capital: Noble Capital was formed in 2004 to service & manage lender relationships. 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 to members of our Private Lender Network.