Capital Financial Global Inc (PK:CFGX)
Business Focus: Commercial Loans
| Sector: Financials | Industry: Corporate Financial Services |
| Company Contact | |
| Address: | 1042 E Fort Union Blvd # 521 MIDVALE UT 84047-1800 |
| Tel: | N/A |
| Website: | https://capfiglobal.com |
| IR: | See website |
| Key People | ||
| Robert Bambery President, Director | ||
| Business Overview |
| Capital Financial Global, Inc. is a specialty finance company, which offers asset-backed financing and loan advisory services to insurance trusts and pension funds, owners of commercial businesses, and owners of commercial real estate. The Company enables organizations to obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. Its real estate-backed loan programs include bridge loans, long-term loans and construction loans. It operates in the commercial real estate lending market, the life settlement portfolio finance market, and the commercial financing market. |
| Financial Overview |
| For the three months ended 31 March 2014, Capital Financial Global Inc revenues increased 23% to $50K. Net loss applicable to common stockholders increased 57% to $133K. Revenues reflect Interest and fees on loans increase of 37% to $50K. Higher net loss reflects Provision for uncollectible loan interes increase from $0K to $17K (expense), Interest Expense increase of 29% to $70K (expense). |
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