Breaking News Hard Money Loans - Fast Cash - Wild Woman and Mega Movie and Rap S

tars
If you've never heard of rapper/producer "The Hard Money Lender," don't worry, n
either have we.
Santa Rosa, CA, July 24, 2010 -- If you've never heard of rapper/producer "The H
ard Money Lender," ( http://www.ourfundsonline.com ) don't worry, neither have w
e.
But his days ballin' as a Los Angeles rap mogul may have come to an end since fe
deral authorities are ordering him to turn over about $25 million worth of asset
s they say were acquired through an elaborate, drug-trafficking operation author
ities believe spanned nearly a decade.
On Friday, an indictment was unsealed alleging that "The Lender," a.k.a. 34-year
-old Rickey Lamont Colley, Jr, a.k.a. "Mr. Rikk," and five others were behind a
drug-trafficking ring that moved more than 34 tons of weed from Phoenix to place
s like Los Angeles, Michigan, and Georgia over a nine-year period.
"This individual portrayed himself as a legitimate music producer, but this inve
stigation revealed much more about his industry: criminal enterprise that sold p
oison and addiction," says DEA Special Agent in Charge Elizabeth Kempshall.
"Poison and addiction?" It was weed, lady, not meth.
The indictment alleges Colley, along with Anthony Eugene Jackson, 42, of Mableto
n, Georgia, Genairo Eline Higgins, 33, of Alpharetta, Georgia, Sylvester Demetri
us Thomas, 39, of Detroit, Michigan, and Michael Lee White, 44, of Ontario, Cali
fornia, ( http://www.ourfundsonline.com ) used tractor-trailers to haul weed fro
m Phoenix to the various locations across the country.
Aside from the possibility of getting locked up for the rest of their lives, fed
eral authorities already have seized about $1.6 million in cash and intend to se
ize an additional $23.4 million in cash and other gangsta goodies, like $330,000
in bling, a 2007 Ferrari Scaglietti worth approximately $350,000, a 2006 Saleen
Mustang worth approximately $70,000, a 2011 Jaguar worth approximately $140,000
, a 2006 Maserati Quattroporte worth approximately $120,000, a 2003 Range Rover
worth approximately $60,000, a 2002 Mercedes G500 worth approximately $80,000, a
custom luxury van worth approximately $100,000, $200,000 in shares of stock in
a cruise line company, and two houses and a condominium in Georgia.
Now lets get to some back to some serious legitimate business
In the current real estate market that is changing quickly as it faces a major c
redit crunch, mortgage brokers and real estate agents can exhale that breath the
y are holding. The corporate managers at http://www.ourfundsonline.com have deci
ded that we are going to again be the trend setter ...the ones that set the indu
stry standard and in doing so we have decided that we will begin lending up to 7
0% loan to value and 75% loan to cost on loans that are located in our home stat
e of California. We have decided that the fundamentals of real estate remain hea
lthy.
We have decided that enough is enough and that we are sick and tired of seeing h
ome owners lose their homes to the big banks .However we also realize that borro
wers will not escape unscathed. "Tighter credit conditions will limit individual
s from putting larger down payments on real estate investment deals moving forwa
rd .So we also want to step up and fill the gap and keep those of you who are lo
oking at purchasing deals moving forward. So the question to us was - How? With
the alternative, short term high-interest loans known in the business as Hard Mo
ney loans.
We will not only allow those that need to save their home less equity to qualify
but on the other end we will also be willing to accept a 5 %.less down payment
on our purchase loans and in doing so raising our across the board loan to value
to 70% LTV. So with that being said we encourage all of you brokers to pull tho
se dead files out from beneath the trash can as well as all you borrower who hav
e been recently been turned down by your current mortgage banker because your ap
praisal came in to low and contact us on our 24 hour emergency cell phone number
#310-984-0496 or on the toll free line 1-877-870-2676 as well as submitting you
r loans online at http://www.ourfundsonline.com you have my word we will do all
that it takes to change the horrible real estate environment we are in.
The recession's taken a toll on banks. Banks are freezing up credit markets and
tightening up on lending practices. The effects of this on the economy are compo
unded by the fact that the median credit score has dropped considerably. This ha
s resulted in a large number of borrowers that do not qualify for traditional de
bt products in the U.S. Often, these borrowers are also facing foreclosures and
have other sorts of arrears. And yet, these same borrowers do have financing req
uirements and demands. And though there are bits of information for these borrow
ers, about where to go to secure funding and financing, the information is fragm
ented and scattered all over the web. http://Ourfundsonline.com was established
to provide to borrowers of distressed financial situations the most convenient a
nd comprehensive information on loans and other debt products on the web, which
can be used to begin the process of moving forward.
Hard money debt products are ideal for borrowers of distressed financial situati
ons, because the risks stemming from the borrower's poor credit history, are all
eviated on the side the lender's. The risks are alleviated largely through the s
ecuritization of the debt through collateral, specifically a hard asset. A hard
asset is real estate loan that is funded by a hard money lender.
When a borrower inquires with a hard lender about a particular loan product, th
e lender will require an appraisal of the property's so called quick-sale value.
This value is lower than the market value of the property, and is meant to cush
ion the lender in the case of foreclosure (and the lender needing to sell the pr
operty right away).
Although the interest rates are higher on these debt products, and the loan to v
alue ratios much lower, hard money does make for one of the only options availab
le to a borrower that has a poor credit and a generally distressed financial sit
uation.
With all of our loan products they are all based upon the equity and the condito
n of the property.it's advised to all borrowers that when you are considering en
tering into an agreement with a lender of hard money you should make sure that o
ne they are experienced and two have the team and resources together to fund you
r loan in the quickest amount of time possible as these funds are usually used t
o either save a home that is during a re-finance or to pick up a great deal in a
short sale or foreclosure.
http://Ourfundsonline.com provides all of this information about hard money loan
s to borrowers, and breaks the information down into morsels that are specific t
o the city. It's the most comprehensive, most efficient layout of a website on h
ard money on the web today.
Press Contact:
Jeffrey Martino Young
OurFundsOnline.com
1585 Terrace Way
Santa Rosa, CA 95404
Mob: (310) 984-0496
Tel: (877) 870-2676
CaliforniaTDinvestments@gmail.com
http://www.ourfundsonline.com