USA Capital

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Details

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. USA Capital was a lending service run by Tom Hantges, Joe Milanowski and Paul Hamilton. The company solicited money from investors which it used to make short-term, high interest loans to property developers. This type of loan is sometimes called a trust deed loan. Investors had fractional interests in the loans for which they received regular interest payments, typically in the range of 11-14%. The loans, although not risk-free, were collateralized with real estate and were considered a generally safe investment. Most loans were repaid in 12-18 months. On April 13, 2006 the company surprised over 6,000 investors when it declared bankruptcy. At the time of insolvency the company was managing $962,000,000 in investor assets, making it the biggest bankruptcy case in the history of Nevada.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786131381003
    • Editor Lambert M. Surhone, Mariam T. Tennoe, Susan F. Henssonow
    • Größe H220mm x B220mm
    • EAN 9786131381003
    • Titel USA Capital
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 128
    • Genre Wirtschaft

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