SALT LAKE CITY, July 19, 2012 /PRNewswire/ -- Capital Financial Global, Inc. (OTC:CFGX), formally announced today that it has successfully launched its new residential real estate hard money lending division.
"I'm pleased to let shareholders know we have all the pieces now in place and have launched our residential hard money lending program," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "We are lucky to have Mr. Heath Markovetz to head the division for us and believe, with his leadership, this will be an extremely important profit center for the Company this year."
"This brings all four of our lending segments into action--our Commercial Real Estate, Residential Real Estate, Insurance Based Lending, and Mining & Precious Metals Lending. We will continue to develop these areas of our business aggressively and expect to see significant financial results soon."
The announcement comes as a follow-up to the Company's press release on June 20, 2012 regarding its new "Hard Money Lending Syndicate, Expansion of One-Off Lending Capacity" found at: http://finance.yahoo.com/news/capital-financial-global-announces-formation-210400266.html
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.
Unlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.
Our Business Model
We make money by charging loan fees, making interest rate spreads on loans we hold, and by buying & selling loans in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also make money by charging loan servicing fees and by selling distressed assets that we acquire for our own investment or through some type of foreclosure.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE Capital Financial Global, Inc.