USA Capital
29,99 €
inkl. MwSt.
Versandkostenfrei*
Versandfertig in 6-10 Tagen
payback
15 °P sammeln
  • Broschiertes Buch

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…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
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.