LA Investment Capital's "LAIC Mortgage Fund" to invest in residential real estate renovation and spec construction projects throughout California and Nevada beginning in December of 2009.
FOR IMMEDIATE RELEASE / PRURGENT
"LAIC Residential Mortgage Fund I" will lend up to 75% Loan-to-completed value to California and Nevada Real Estate Professionals looking to purchase and rehab residential properties or build ground up investment properties for sale.
According to LA Investment Capital President Steven J. Muehler, "Southland home sales edged higher last month, bolstered by late-closing summer transactions, low mortgage rates and buyers hoping to take advantage of a soon-to-expire tax credit. The region’s median sale price remained lower than in September 2008 but, for the first time in years, several counties logged year-over-year gains in the median price paid for resale houses. This program has been on the shelf for almost two years now, with more and more positive data coming out, we feel now is the perfect time to enter the market place, you cannot just wait until conditions are perfect, you have to get out there while the dust is just beginning to clear to take advantage of low prices and low costs of labor".
Investors seeking a secure investment with above market average rates of return on their investment should contact LA Investment Capital at 818-264-6047 for an investment prospectus / offering. LA Investment Capital Mortgage Fund I intends to begin investments into Southern California Real Estate Projects in December 2009.
Additional Information is available at http://www.LAInvestmentBanc.com and http://www.LAICMortgage.com
For investment information:
LA Investment Capital Mortgage
C/O: LA Investment Capital
9107 Wilshire Blvd.
Unit 450
Beverly Hills, CA 90210
(818) 264-6047
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