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7/19/12
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As the commercial real estate lending climate has thawed over the past couple of years, one company that has been making dramatic inroads during this period is Los Angeles-based Lone Oak Fund LLC. The firm continues to enjoy dramatic growth so far in 2012, and is rapidly becoming one of California’s largest private bridge lenders.
Lone Oak Fund, a private mortgage lender, has already eclipsed last year’s growth by over 40 percent. The company makes first trust deed bridge loans on commercial and residential properties throughout California. The company also recently surpassed $1 billion in funding.
Supported by the financial strength of over 400 members, including high-net-worth individuals, institutions, and pension funds, Lone Oak’s bridge loans typically range from $500k to $12.5 mil on both commercial and residential properties located throughout the state.
Founded in 2003 and managed by experienced real estate developers, Lone Oak Fund has become one of the largest and fastest growing private bridge lenders in California. It was the first private lender to offer revolving credit lines for REO purchases by investors.
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