2 years ago
Noble Capital Releases 2014 Financial Results
1888 Press Release - Noble Capital, the premier private money lending network in Texas, has released its financials for 2014. Included is a growth comparison for 2014 versus 2013.
Austin-San Marcos, TX - Noble Capital, the premiere private money lending network in Texas, has released its 2014 year end financial results. The following are highlights from 2014, as compared to the previous years' results:
1) Revenue for 2014 is up 137% from 2013
2) Net Income for 2014 is up 242% from 2013
3) Loan portfolio size is up 98%
This marks the 3rd straight year where the loan portfolio for Noble Capital has nearly doubled in size, and Noble Capital expects to see continued growth in 2015.
"As our loan portfolio continues to grow, we have added personnel and software to give us the support and reporting features we need to manage the portfolio," states Noble Capital C.F.O. Grady Collins.
Noble Capital serves as the loan servicer for the privately funded loans originated in Texas by its subsidiary, Streamline Funding, a Texas hard money company. These first lien trust deed notes are written for 6-12 months and generate up to a 10% interest to participating lenders.
While the 2014 financial numbers for Noble Capital looked very strong, Chief Operating Officer Chris Ragland projects 2015 to be even better.
"We have set ambitious goals for the upcoming year. We continue to add infrastructure and capital to support the growing demand for our product in the Texas marketplace. Noble Capital anticipates another record year as we head into 2015."
For more information about Noble Capital and its private lender network, please visit http://www.noblecapital.com or call 512-249-2800.
About Noble Capital:
Noble Capital serves as the conduit between the Lender and the Borrower in a Private Money Loan. Noble performs the pre-screening, underwriting and due diligence on the borrowers & their projects on behalf of the Private Lender Network. The allure of the Private Lender Network is the ability to earn a simple, high quality private lending opportunity that provides a short-term, 8-10% return secured by Texas real estate.
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