Distressed Asset Acquisition Group, Inc. Announces Formation of Hard Money Lending Division

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Distressed Asset Acquisition Group, Inc.

Jan 05, 2012, 06:35 ET

NEW YORK, Jan. 5, 2012 /PRNewswire/ -- Distressed Asset Acquisition Group (daaqinc.com) today announced that it has established a hard money real estate lending division.

The company will initially concentrate its lending activities on the eastern seaboard by establishing the DAAG Pool #1 focusing primarily on residential and small commercial real property. The company will also consider incomplete or failed construction and land development projects at the right levels.

The pool will provide funding for borrowers and properties that do not meet conventional underwriting guidelines for further information please visit http://www.daaginc.com/Lending_Programs_RU48.html.

"Distressed Asset Acquisition Group believes that hard money lending solutions in this unique market and economy will offer a suitable option to borrowers given the current ridged guidelines imposed by traditional financing sources," said Mr. Frank Castellano, President of Distressed Asset Acquisition Group.

About Distressed Asset Acquisition Group, Inc.

Is a buyer of distressed assets primarily real estate however the company will consider other sectors and hard money lender for commercial and residential real estate. The company also will lend to small businesses. The company believes that the strategy of hard money lending works in conjunction with acquiring distressed assets, you can visit the company's website at http://www.daaginc.com or follow us on facebook at http://www.facebook.com/pages/Distressed-Asset-Acquisition-Group-Inc/285695804799248?sk=info

www.daaginc.com

SOURCE Distressed Asset Acquisition Group, Inc.