Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How did Castle Commercial Mortgage Co. get into the lending business?

0
Posted

How did Castle Commercial Mortgage Co. get into the lending business?

0

About fifteen years ago in Steve Hickox law office, a client in the roofing business was finding his customers could not pay immediately for new roofs.We set up a lending arm to fund his roofing business, which made loans to the customer and take a small second mortgage on the property where the roof was installed. Later our client came back with plenty of business but not enough credit to fund all of the credit transactions. He started selling the notes and deeds of trust generated by his roofing business to Steve Hickox and a partner. This was the start of Castle Commercial Mortgage Co.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.