myAutoloan.com Experiences Dramatic Increase in Auto Loan Demand for 2nd Quarter 2009

Irving, Texas (PRWEB) July 12, 2009

myAutoloan.com, an online direct to customer auto finance company, has seen a 113.4% percent increase in applications for the second quarter 2009 compared to second quarter 2008. Just as dramatic, comparatively, the second quarter of 2009 to the first quarter 2009 has shown an increase of 77.6%. The demand for direct to consumer auto finance has jumped significantly during the first six months of 2009.

Finance applications for the purchase of new and used cars as well as refinance loans, has risen sharply due much in part to the increase demand for the limited indirect financing that is available through traditional channels at dealerships. These traditional channels have left consumers without options thereby leaving consumers to apply online in search of alternative financing. They have been driven to expand their search options and through the internet, the consumer is finding alternative financing solutions. This is clearly resulting in the large increase of auto loan application volume.

“We are absolutely delighted to be in a position to help so many people with solutions to their auto finance needs,” said Dale L. Peterson, President of myAutoloan.com “and once again, this continues to signal that demand for direct to consumer lending for the purchase of new and used autos and auto refinance loans is much bigger than the supply of financing. We experienced the same strong demand in the first quarter as we see lenders tighten credit and leave the direct market because of a lack of available ABS securitization.”

Peterson also stated that, “As we monitor the month to month activity, the strength of the demand from direct consumer financing customers continues to search for a relaxation of some of the overly cautious parameters they are evaluating applicants by. We’ve seen interest rates increase, and credit qualifications become so narrowly defined that all anyone can do is wait for lenders to increase their activity. We seriously believe that it’s a matter of time before visionary companies enter and capture market share in this direct to consumer market.

“It is still a very challenging marketplace,” Peterson said, “with all that has happened, the Big three automakers, the bailouts, the reorganizations and restructurings in just the last 90 days. However, we continue to be excited about the future and are pleased with the positive growth that we have been able to achieve. Although uncertainty remains as to when credit will loosen up, the industry will emerge stronger and more prepared to meet the changing needs of the consumer market. Our overall long term outlook of our industry remains positive.”

About myAutoloan.com:

myAutoloan.com is a registered trademark of and a division of Horizon Digital Finance, L.L.C. which began operation in 2003. The company is a privately held, direct-to-consumer, internet-based financing marketplace that helps consumers take control of the research, finance and buy processes for New and Used Auto Loans, Refinance Auto Loans, Private Party Auto Loans and Lease Buyout Auto Loans. Offering a wide range of products and services to simplify the search for information and funding alternatives, consumers are provided with a secure, confidential place to obtain up to four loan offers. myAutoloan.com facilitates the matching of lenders based upon customer needs via a patent pending, proprietary analysis and evaluation process called Preferred Placement

Woodbridge Structured Funding LLC Announces Second Quarter Results

(PRWEB) August 13, 2009

Studio City, CA Buoyed by an insatiable investor appetite for Selling Structured Settlements and Lottery Payment investments, Woodbridge has reported record second quarter results. Scott Schwartz, executive vice president of Woodbridge announced, “Since the financial meltdown of fourth quarter we have seen incredible demand from both the selling side and investor side.

Our customers now have only one way of realizing cash and that is from the sale of their structured settlements or annuity. The days of refinancing and taking on new credit card debt are over as banks have cut way back and reduced credit lines and credit card limits for customers.”

Schwartz continued, “On the investor side since the securitization market collapsed and we switched over to marketing our products to private investors we have been inundated with investors seeking the safety and comfort of high yielding investments backed by “A” Rated insurance companies or state lotteries.”

Schwartz added, “Our product is one notch under treasury and yield 500 to 700 basis points more. It’s is no wonder that our product is flying out the door.”

Woodbridge Structured Funding LLC is a pioneer in the financial services industry. Over fifteen years ago, we innovated the purchase of future payments in return for a lump sum. Since 1993, Woodbridge Structured Funding LLC, its predecessor companies and founders, have bought hundreds of millions of dollars of lottery winnings, jackpots, structured settlements, annuities, mortgages and deeds of trusts–one satisfied customer at a time.

Woodbridge Structured Funding LLC can be found online at http://woodbridgeinvestments.com/

Press Contact:

Scott Schwartz

Woodbridge Structured Funding LLC

http://woodbridgeinvestments.com/

(866) 865-7044

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Vermont Captive Insurance Company Formations Start Strong — First Quarter Pace Surpasses Vermonts 30 Year Average


Montpelier, VT (PRWEB) April 21, 2011

Vermont licensed 7 new captives in the first quarter of 2011 which is the strongest start since 2005, according to the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA). The 7 new captives consisted of 4 single-parent, 2 risk retention groups and a special purpose captive.

Were seeing wide diversity in the types of applications, said David Provost, Deputy Commissioner of Vermonts Captive Insurance Division. Captives formed for professional medical liability and smaller to mid-sized companies are trending strongly. The first quarter pace surpasses Vermonts 30-year first quarter average of 5.2 captives.

It is encouraging to see this strong start to 2011, said Governor Peter Shumlin. We will continue to work with the legislature to be responsive to industry needs. Vermont is committed to maintaining its Gold Standard reputation.

Vermont has current captive insurance legislation, H.438, which has passed the House of Representatives and has moved on to the Senate. The proposed legislation will allow for the formation of incorporated protected cell companies and expand its cell legislation, providing more options for companies interested in that structure.

Vermont continues to see an increasing number of smaller and mid-sized companies exploring the captive insurance option, said Dan Towle, Director of Financial Services. This trend exemplifies how Vermont provides a good fit for companies of all sizes. Half of Vermonts captives write less than $ 5 million in gross written premium annually.

Marabella Commercial Finance, Inc. Originates Permanent Financing for a 1031 Net Leased Walgreen Pharmacy and Kohls Department Store in Second Quarter 2011


Carlsbad, CA (PRWEB) June 21, 2011

Marabella Commercial Finance, Inc. originates permanent financing for a 1031 Net Leased Walgreen Pharmacy and Kohls Department Store.

Marabella Commercial Finance, Inc. funded a $ 4.8 million loan for the Kohls corporate leased department store. The Buyer for this transaction was involved in a 1031 exchange transaction. The Borrower requested a long fixed rate loan term and amortization. Marabella Commercial Finance, Inc. arranged a Life Company loan with a 15 year fixed rate and 25 year amortization giving the borrower a more manageable balloon payment in the fifteenth year with excellent cash flow. The Borrower wanted a forward rate lock so Marabella Commercial Finance, Inc. structured an approximate 90 day forward rate lock and the rate was locked early in the process at 5.875%. This loan was Non-Recourse with Standard Carve-Outs. Marabella negotiated an annual non-cumulative partial prepayment of ten percent (10%) of the outstanding loan balance without a prepayment premium. This loan was applied for on around March 18, 2011 and funded on June 15, 2011.

For the Walgreen Corporate leased pharmacy Christian S. Marabella of Marabella Commercial Finance, Inc. met with the Borrower at Marabellas satellite office in Beverly Hills, California and structured a Bank Portfolio Loan which will give the Borrower a lot of flexibility in the future if they need to work with the bank for any reason versus that of a securitized loan where the loan is sold to bond investors on Wall Street. The loan amount that was required per the 1031 Exchange came to $ 5,500,000 (Upleg). The rate on this loan was a very low 5.35% and again Marabella Commercial Finance, Inc. negotiated a 90 day forward rate lock on behalf of the clients. The amortization for this loan was 30 years and the loan was due and payable in the 10th year. The Borrowers also requested a Non-Recourse loan with standard carve-outs which was structured. A highlight of this loan was the very friendly prepayment penalty of only $ 2,500 during the first nine years of loan term again giving the Borrowers a lot of flexibility if they consider refinancing or selling the property to a new purchaser in the 10 year period. This loan was applied for on around March 15, 2011 and funded on June 15, 2011.

About Marabella Commercial Finance

Marabella Commercial Finance specializes in arranging financing for 1031 Exchange Net Lease Buyers, Commercial Investment Properties and Large Anchored Centers. Past Credit Tenant Net Lease Properties that Marabella Commercial Finance has originated loans for are; Walgreens, CVS, Kohls, Safe-Way Stores, Rite Aid, Jack in the Box, 7-Eleven, Family Dollar, CSK Automotive, and Large Anchored Centers with credit tenants. MCF is a member of the Mortgage Bankers Association and most recently participated in the International Council of Shopping Center’s 2011 annual convention in Las Vegas. Christian S. Marabella who is President of Marabella Commercial Finance, Inc. is also in charge of Media Relations for the Association of Commercial Real Estate Executives Inland Empire (Ontario, California).

Contact:

Christian S. Marabella – President

Marabella Commercial Finance

We Finance America’s 1031 Exchange Net Lease Properties

(760) 479-0800

Email: nnn(at)marabellafinance(dot)com

http://www.marabellafinance.com

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