Coppercrest Funding LLC Announces Launch of Coppercrest Leveraged Mortgage Fund LLC
June 16, 2006 (PRLEAP.COM) Business NewsCoppercrest Funding LLC announces the launch of Coppercrest Leveraged Mortgage Fund LLC, a private placement hard money mortgage pool.
The $20 million Fund will focus on Commercial, Residential, Land, Construction and Development Hard Money in Arizona, Nevada, California, Colorado and New Mexico.
The mortgage fund will make hard money loans, which are short term bridge loans secured by real estate. The fund is capped at $20,000,000 and will use bank lines of credit to leverage the fund and increase the return to the investors.
The loans made by Coppercrest Funding LLC are underwritten primarily on the basis of the value of the real estate securing the loan. Loan types include commercial, operresidential, land, construction and development hard money loans.
“We are excited about this new product because it will allow our investors to diversify their hard money portfolios, thereby reducing their risks,” says Matt Hartley, Managing Director of Coppercrest Funding LLC.
About Coppercrest Funding LLC
Coppercrest Funding LLC (www.coppercrestfunding.com) is a leading source of non-institutional, short-term real estate loans and specializes in real estate loans not typically provided by conventional lenders. Such loans are often referred to as hard money or private money loans.
Coppercrest Funding LLC is a direct hard money lender with in-house underwriting which allows it to approve and fund loans within days or even hours. Coppercrest's funding comes from individuals, trusts, hedge funds, pension plans, REIT's, IRA's and others.
With over 25 years of in-house real estate lending experience, Coppercrest Funding is able to understand complex transactions and provide fast and creative financing solutions.