What separates us (from other companies) is the ability to portfolio our products, allowing flexibility, quickness and creativity to develop the right solutions for our borrowers.
Woodland Hills, CA (PRWEB) July 12, 2008
Bridgelock Capital, LLC (BridgelockCapital.com), a NextGEN Lender (aka Hard Money), located in Southern California, announced the successful funding of its first $75 million pool. The pool consists of residential and commercial loans including Adjustable Rate Mortgages (ARMs), Home Equity Line of Credits (HELOCs) and short-term Bridge loans, originated in the Western States with an emphasis in California. Bridgelock's signature products, ARM NoFICO, HELOC NoFICO and BRIDGE NoFICO, provide immediate liquidity for borrowers and properties that do not meet conventional underwriting guidelines.
Bridgelock's appetite remains strong given the current credit crunch crisis affecting many traditional lenders. They continue to aggressively pursue more hard money lending solutions in this unique market, continuing their fundings in an economy that has been unforgiving for most. As major subprime lenders persist in closing their doors, it becomes more difficult for borrowers to find suitable financing options. "Not many firms are as aggressively positioned and well capitalized as Bridgelock in the asset-based lending space," said Brent Houston, COO of Bridgelock Capital. "We intend to continue to grow our business by providing creative solutions for both our wholesale and retail clientele. Our focus is turning towards incomplete or failed construction and land development projects at the right levels. We feel this space needs an additional capital infusion and we have the resources to make prudent investment decisions that other lenders are pulling back from."
Bridgelock's success can be attributed to the speed, service and integrity the company promises with each and every deal. As a direct lender, Bridgelock Capital is able to make quick investment decisions, translating to fast closings and satisfied borrowers for commercial, residential and specialty financing solutions. Houston understands the importance of efficiency in today's market. "What separates us (from other companies) is the ability to portfolio our products, allowing flexibility, quickness and creativity to develop the right solutions for our borrowers." In addition to not having to deal with selling to the secondary market, Houston pointed out that Bridgelock offers nationwide cross-collaterization, offering a competitive advantage over other hard money lenders.
For more information on Bridgelock Capital, please visit them at http://BridgelockCapital.com.