LOS ANGELES, May 15, 2012 (GLOBE NEWSWIRE) -- LONE OAK FUND, LLC, an unleveraged high volume private mortgage bridge lender, announced that the company has reached the milestone of providing over $1 billion in commercial real estate loans.
In addition, the company recently launched its new website, www.loneoakfund.com, which provides borrowers and brokers a robust platform from which to communicate, learn about and conduct business with LONE OAK FUND.
Commenting on the loan activity, Stephan Kachani, Senior Vice President of LONE OAK FUND, said, "We have seen a tremendous increase in our overall loan volume as we continue to fill a gap in the market for an institutional-type lender providing short-term capital for small to medium-sized properties. We are the go-to source for these real estate investors."
About LONE OAK FUND:
The fund is supported by the financial strength of over 400 members, including high-net-worth individuals, institutions, and pension funds, and makes bridge loans typically ranging from $500,000 to $12,500,000 on commercial and residential properties located throughout California, including special purpose, multifamily, industrial, retail, office and non-owner occupied residential.
Neither an institutional nor a hard-money lender, LONE OAK FUND has built a reputation for unparalleled service and efficiency, with a commitment to provide lending solutions for a wide range of sectors within the commercial and residential real estate community.
For more information, go to: www.loneoakfund.com.
The LONE OAK FUND LLC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12841
LONE OAK FUND, LLC is licensed as a California Finance Lender under Dept. of Corporations, License Number 603B623.