Oxford Targets Commercial Loan Portfolios
HOUSTON--(BUSINESS WIRE)--
Oxford Funding Corp (OTC:OXFD) announces that it will target
commercial real estate loan portfolios.
"Commercial real estate is a full-blown bubble that feels very
much at the bursting point," said Christian Stracke, an analyst in
London at CreditSights, Inc., a research firm.
"Oxford Funding is preparing to take advantage of this
opportunity," announced Bob Dunn, President of OXFD. We feel that the
loan problems will be worse than the market anticipates, and this will
be an additional opportunity for Oxford Funding and the Oxford Hedge
Fund to secure substantial profits," said Dunn.
The Oxford Opportunistic Mortgage Fund is open to accredited
investors and will invest in mortgages purchased on the secondary
market at substantial discounts. The Fund's strategy will be to hold,
rehabilitate and liquidate the mortgage assets for profit. "The
company has already proven its profit model and we expect to continue
generating very favorable returns for our investors," stated Dunn.
Jess Eisinger of Conde' Naste Portfolio reported, "Judging by the
aspects of the credit crisis we've already seen, commercial real
estate trouble will probably emerge sooner than people expect... and
will be worse than they anticipate."
"It's too late now to do anything about it, now, but there is a
widespread overcapacity in all types of commercial real estate,"
commented Ron Redd, CEO of OXFD. "We need to face the facts: We do not
need more Home Depots (NYSE: HD), Lowes (NYSE: LOW), Wal-Marts (NYSE:
WMT), Targets stores (NYSE: TGT), office buildings, strip malls or
apartments. The overcapacity in these sectors will soon manifest
itself in canceled expansion plans, lagging sales and, ultimately, the
same meltdown as we've seen in the residential market," Mr. Redd
concluded.
About Oxford Funding Corporation:
Oxford Funding Corporation is a publicly traded asset resolution
company specializing in the purchase and management of bulk mortgage
loan portfolios. Senior management at Oxford has facilitated
rehabilitated loan sales in excess of One Billion Dollars, traded
billions of dollars of financial assets as principal and agent, and
has established relationships with hundreds of financial institutions
and loan investors nationwide. For more information, please visit our
homepage at www.oxfordfunding.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially from
those expressed or implied by such forward-looking statements. In
addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success. This news release speaks
as of the date first set forth above and the company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
Source: Oxford Funding Corporation
