DALLAS, July 31, 2013 /PRNewswire/ -- LIG Assets,
Inc. (OTCPK: LIGA), a Company focused on residential and commercial
real estate, announces that it has agreed to partner with
Streamline Funding based in Austin,
Texas for asset based lending so that it can significantly
expand its residential real estate ownership and hard money lending
portfolio. No upside limit has been provided on the line of
credit. The credit line is unrelated to agreements with the
Strategic Alliance that is focused on the commercial real estate
market.
Between interest rate spreads, fees, default swaps, and other
revenue sources associated with this lending, LIG Assets
anticipates netting about 9 to 10% per year verses money
borrowed. No LIGA common stock has been pledged or is tied to
this funding in any way.
Jeff Love, President and CEO of
LIG Assets, Inc. stated, "This new credit line is another milestone
partnership that will allow us to aggressively compete in the
current robust and improving residential housing market in
Texas, and significantly add to
our portfolio. At the same time, we continue to negotiate
with our current lender to secure better lending terms that will
increase our bottom line earnings."
Streamline currently specializes in funding loans between
$100K - $3MM. The firm has programs
for land, residential property and commercial property including
rehab / re-developments and new construction. The company's
core focus is on the four primary Texas Markets including the
Austin, San Antonio, Houston and Dallas/
Ft. Worth, MSA's. This new alliance with LIG Assets,
Inc. will help Streamline continue to expand its existing loan
operations into these major markets.
About Streamline Funding
Streamline Funding is a Texas mortgage broker firm specializing
in originating hard money loans on investment real estate in select
Texas markets. The mission
of Streamline Funding is to be the premiere hard money lending firm
in Texas, providing superior
customer service to our clients. Streamline Funding is a
wholly-owned subsidiary of Noble Capital and can be found at
www.StreamlineFunding.com.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas,
TX, is a Company focused on residential and commercial real
estate. Through our Strategic Alliance with Texas Real Estate
Hedge Fund, MMR Realty Advisors, InterContinental Real Estate
Partners and other funders, LIG Assets has expanded its focus on
multifamily, retail, hotel, and office properties with valuations
between $1 million and $100 million.
LIG Assets, Inc. trades on the pink sheets under the ticker symbol
"LIGA". For additional information, please visit LIG Assets
corporate website: www.ligassetsinc.net.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file at
www.OTCMarkets.com.
Contact Information:
LIG Assets, Inc.
1700 Pacific Ave. Suite 2600
Dallas, TX 75201
(214) 760-1000
Email: jefflove@ligassetsinc.net
SOURCE LIG Assets, Inc.