Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » HCPC - bot play/$35m sudden revs could be/Blow up PRs expected on $700-$1Bm in loans (Page 1)

 - UBBFriend: Email this page to someone!   This topic comprises 2 pages: 1  2   
Author Topic: HCPC - bot play/$35m sudden revs could be/Blow up PRs expected on $700-$1Bm in loans
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
Website: http://www.heritagecapitalcreditcorp.com
[First Independent Financial Group: an affiliated company http://www.firstifg.com/index.html ]


Share structure

AS: 1.5 billion (as of 17th July 2007)
OS: 231,552,123 ( as of 13th July 2007: this figure has increased)
Float: 77,130,234 (this figure has increased)

• Management: The senior management team consists of former GMAC Mortgage staff. This group has over 50 years experience in mortgage financing (see website for resumes).

insider ownership - 158,029,889 or 68.25 % of OS shares (old O/S)

The O/S we beleive has recently changed and has increased. The 1st HCPC share holder meeting is thurs oct18th, this week. We should know at that time how much it has increased.

Their story is, they have a 300 million commercial real estate loan that could be announced any time soon. They loan this out and receive from what I understand, a quick 5% back on the loan.
Getting this first loan will initiate a 400 million loan shortly after, which those who've been in this for a while say is a pretty sure thing, once the first loan comes thru. They have also been informed that the ceiling on these loans will have been increased, possibly from 700 million to 1 billion.
They have also announced in the recent PR, that they are possibly opening a bank as well. The recent PR states that an Reverse Split is not in the plans, and only would happen if they uplisted.
They also said that they will initiate a buy back. The 300 + 400 million loan will give HCPC management $35 million to work with pretty quick. With this, they can open a bank and initiate the buy back, sicne they are making %5 on the loan. If it's ceiling is raised to 1 billion it would be 50 million $ to work with.
I beleive when they get this 300 million first installment, there will be a short time frame and then the other 400 million will come. During this in between time, HCPC has the potential to be a monster ***********, as the expectations for the other 400 million to come would bring in huge buying.
They are filing with pinksheets.com, though not an OTCBB yet.
At .0004 PPS and with 35 million$ coming and the O/S possibly around 400-600 million (will know end of this week the true o/s since being increased), we are looking at an incredibly undervalued play here.
At .0004 X 600 million o/s = $240,000 market cap.....just rediculous on this when those loans come thru, instantly netting the company $35 million.
If the O/S becomes 1 billion (which we doubt) at .035 PPS, the market cap would be $35 million, so at .0004, with a 1b o/s, this is still an incredible deal. The market cap would then be $400,000 on $35 milion........ 8D
I don't think the o/s is near that and the volume action lately says so.
It is very hard to get .0003 shares. I've been trying all this week and closer to the end of the week, it has been harder to get those, so I've been picking up .0004 shares.
I am in this long, till it hits into the pennies and is no longer a subber.
Yes, this is risk, but this is life changing money for when those loans come thru.

The BAD :

There is an article out of a woman who claims was ripped off by the company. The company has responded by stating that they haven't ripped her off, but the loans have simply taken longer than anyone had imagined, so looks like someone who invested with them lost patience and went to the media with it.

It is possible these loans may not come thru, but from the recent PR, stating that revenue will be generated by the end of the year, we think they already know they are coming thru, so, yes, a risk here, but to me, at .0004, the good far outweighs the bad.
The risk/reward here is phenominal - from .0004 to .03 is a 75 bagger and here at .0004, we all who are in this beleive this is the true bottom.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
been sitting on the bid .0004s for over 10 minutes now. I don't think there are many left. May have to buy at the 5s

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
"The Company's plan includes using 35% of its income following each project funding to buy back stock."

35m to 50m will come in from loans, on the 5% of the 700m to 1B laons.
on the first 300m loan, 15m will come in, 35% of 15m is $5.3 million towards the buy back. 35% of the the other 5% of the 400m 2nd loan is 7 million, for a total of 12.3 million used towards the buy back.

Put it this way, if they were to use the 12.3 million to buy back shares at say .003 per share average, it would b 4.1 billion shares........ LOL.......... I don't think the PPS will be staying near .003, since the O/S is probably closer to 400-600m o/s.

Do you see the potential of this....it is amazing!

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
climintheladder
Member


Icon 1 posted      Profile for climintheladder         Edit/Delete Post   Reply With Quote 
Up 25%, a little above avg 10 day, could be a good play... [Wink]

--------------------
Damn, this is hard...but it's worth the challenge $$$$$

Posts: 113 | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
MOVING NOW!

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
climintheladder
Member


Icon 1 posted      Profile for climintheladder         Edit/Delete Post   Reply With Quote 
Hello.........0006x0007 up 75%, got some * 0004 this morning..looking good so far. [Smile]

--------------------
Damn, this is hard...but it's worth the challenge $$$$$

Posts: 113 | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
.0007

missed me Bill.
Keeping my order for 4 though just in case.

good luck

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
WOW HAD AN ORDER IN FOR MILLION SHARES ALL OR NONE FOR THE LAST 15 MINS OF THE DAY AT .0007, NO FILL!

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
try taking off the all or none and let them fill it as they wish, that might help.

this is eventually going to .03, so I'm in long on this......that is, if the loans come thru, which sound like they are by the last PR, saying they will be generating revs by the EOY

nice move today......I think the only way to make big money on this is play it long into the big expectations that have just started to roll on this.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
boodog, you're gonna regret not having .0007s by mid november.......

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
lol we'll see. I'll take some at .0006 though [Big Grin]
and we'll see if i get some .0004s

what is a $1Bm anyway? I'll take a chunk of that too while we're at it! Good luck WB and thanks for the alert!

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
$1 BM probably has to do with pay toilets.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
ewwwwwwwwwwwwwwwwwwwww lmao P

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
.0005

..... and back to 6

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
$1b is 1 billion dollars

Looks liek today we did some consolidation at the 5s.

my guess is that if tomorrow alot of 4s or 3s go thru, the company still has some shares they are selling.
If we stay up here at the 5s, we're gonna be moving up.
My big thing is, with the share holder meeting, we are gonna get an official updated share count from the company. I wanna see the new O/S under 1 billion. I think it could be around 400-600 million now. In July it was 231,000,000, so with the stock's action these last 2 months, I don't see the o/s more than that, but we'll see.
Once the events of this stock start happening, it will be an exciting time becasue the head room for this to run is pretty big/ according to my math above on the buyback and the worth that come sinto this.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
could be WB. A lil patience now imo.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
yes, I am patient with this. I'm long and strong on this one....just too many events coming into this one to cash out on the first blip up.
My price target, if all goes well on this is .03, possibly more.

these next few days are gonna be really interesting becasue of all the new info we're gonna get at the share holder meeting, plus HCPC going to that expo in NYC.
I think we are gonna see some money move into this soon.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
WELL GLAD I MISSED THE .0007s, NOW I GET MORE! [Wink]

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
and the .0004s

cheers

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
Member


Icon 1 posted      Profile for IMAKEMONEY     Send New Private Message       Edit/Delete Post   Reply With Quote 
[Cool]

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
Top 5 Important Market Makers

MMID Volume Rank|%
NITE 362,799,560 1 | 34
SBSH 229,735,241 2 | 21
HDSN 142,866,067 3 | 13
UBSS 119,694,916 4 | 11
GLBT 60,165,350 5 | 5

stll no 10k's yet on the LIIs so this could even see 3 again. JMO. Sometimes I see NITE control the B/A with their all mighty 10000. lol

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
der's da .0003


alz i'mza zayin izzz donts faiitz da m&m's


[Wink]

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
nice buys at the 4s this afternoon!

We should be hearing some things from the share holder meeting soon.

I bet we get a PR next week as well.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
you don't understand....I need to make this one more clear. Not only is a reverse merge coming to this, but before all that, the PR with some DD says, there is a number of significant events that are gonna hit this stock going into the reverse merge.....

some of the events are

the 300 million loan

the 400 m loan

the ceiling on these loans being raised to possibly 1 billion

the buy back

then the merge into the bank that's funding this

HCPC makes 5% off of the 700 m in loans coming in.

that's $35 million instant cash once approved.....
of that, they are using 35% for the buy back, which is 12.3 million dollars...... 12.3 million dollars can buy them 4.1 billion shares at .003...

CAN YUO SEE IT! 12.3 MILLION FREEKING DOLLARS GOING INTO A BUY BACK, THEN THE REVERSE MERGE COMES!

FREEKING INSANE!
This is the next SWVC.....we have a long sustained run ahead of us and at .0005, you can;t get much lower than that, so this is a great time to get in and hold for nov-dec events coming.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
weatherbill
Member


Rate Member
Icon 1 posted      Profile for weatherbill         Edit/Delete Post   Reply With Quote 
I think tomorrow we're gonna see some nice green on this.

--------------------
GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
http://biz.yahoo.com/prnews/071018/lath129.html?.v=44

did anyone go??

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
yawn

I'm ready


.........any day now.

Some good pr's to come eh?!

I gotta nuff 4s now. lol couldn't get the 3s may have been too impatient.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
Heritage Capital Credit Corporation Describes BCLOC
Friday October 19, 3:04 pm ET


WILMINGTON, Del., Oct. 19 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC - News) responded to questions at its Annual Shareholders' Meeting held on October 18, 2007. The number one key question that continues to be asked is "What is the BCLOC and how does it work?"

To address this question and to fully describe the BCLOC in plain language, the following is a comparison of the BCLOC with other lender funding.

In this example, Jane Doe has a business plan and wishes to acquire a commercial asset project (an office building, shopping center, hotel, apartment building, etc.) -- in this case an office building with a price tag of $10 million.

The Other Lender Route will necessitate finding a bank or other lender who qualifies her for a loan of perhaps 80% of the commercial asset project, with a down payment of 20% from Jane's pocket. She will need the services of a real estate lawyer.

What can go wrong after funding? Jane could face default and lose her 20% down payment along with her asset because of insufficient income from the project over several months' time or because of problems with her business plan, and may need to secure a second mortgage to secure cash flow for the project and to make payments on the first loan. Even so, bankruptcy is always a possibility.

The Heritage BCLOC route will never involve bankruptcy and does not require Jane to post 20% down. Rough spots in cash flow from tenants need not sink Jane's business plan. Here's how it works:

Jane's part: Jane provides Heritage with a letter of agreement showing she has worked out details of the purchase with the seller. Jane pays whatever legal fees, etc., are involved with this part of the process. She also provides Heritage with a business plan for operation of the asset and a signed agreement to acquire the commercial asset project. She will need the services of a securities lawyer with experience in real estate.

The role of Heritage: Once Heritage receives the signed agreement to acquire the commercial asset project and the business plan, Heritage will conduct due diligence of the project and if satisfactory, then:


1. Heritage sets up a special limited-purpose corporation for Jane,
controlled by a bank trustee. Heritage delivers the due diligence
materials with all the corporate documents to the investors to raise
money on behalf of this corporation to purchase the asset.

2. Jane's corporation signs a promissory note and acquires the asset with
the funds from the investors. Some of the proceeds from the note fund
an interest bearing corporate account (the CEA) that belongs to the
corporation. The CEA's sole purpose is to support payments on the note
in the event that the cash flow from tenants cannot do so.

3. Heritage greatly reduces the possibility of legal default by arranging
a guaranty contract for the corporation for the purpose of guaranteeing
the payments on the note in the event of an economic downturn or
unexpected consequences related to Jane's business plan. (In technical
terms, wrapping the BCLOC with a guaranty contract reduces the risk of
legal default on the note. Heritage uses proprietary software to
forecast the amount of time remaining until the CEA would conceivably
be depleted, during which time the corporation could continue in spite
of adverse circumstances.)

4. What if Jane is sued? She has no legal liability. Her corporation with
its CEA balance will suffer no loss as it is part of a trust estate,
pledged to the trust. State and federal courts have upheld this
situation.

5. How does Jane feel about all of this? She can withdraw funds according
to certain guidelines. Jane has no out of pocket costs for her
building's operating expenses. In time the note is paid-off and Jane
has choices, either to collapse the corporation's trust or to continue
on with it, with all the advantages of a corporation (debit card, tax
advantages, company car, stock passed on to her kids, etc.)

Meanwhile Jane can take cash out of her corporation within certain
guidelines related to her project's profitability. Eventually Jane owns
her corporation free and clear, including the asset and whatever
remains of the CEA.


Regarding the initial 21 clients who came to Heritage in 2004 and 2005, they provided a business plan and signed contracts for funding. Heritage is still waiting for signed agreements to acquire commercial asset projects, as required in Jane's part. Although none of the clients have been funded, some of them plan to honor their contracts and finish the application process to receive funding. Others do not.

About Heritage Capital Credit Corporation

The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for securitization. Once securitized, the documentation can be delivered to investors for funding. To date, the Company has not delivered any projects for funding. For more information, visit the website: http://www.heritagecapitalcreditcorp.com.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.


Contact:
Heritage Capital Credit Corporation
Richard Razzeca, Vice President
Tel: 302-778-4222
Email: info*heritagecapitalcreditcorp.com

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
.0002


whatchya thinkin now WB? That .0007 is looking pretty good now.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
climintheladder
Member


Icon 1 posted      Profile for climintheladder         Edit/Delete Post   Reply With Quote 
Wait, wait, wait.......ho hum...finally in a position to wait a month or two. Been doing well thanks to you guys on this board. I've learned a bunch. Thanks boo for the message the other day, info was really helpful. [Wink]

--------------------
Damn, this is hard...but it's worth the challenge $$$$$

Posts: 113 | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
Cheers climintheladder

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
climintheladder
Member


Icon 1 posted      Profile for climintheladder         Edit/Delete Post   Reply With Quote 
Down here it's bottom's up! [Wink] Public education at it's best.......HEHE Thanks again BOO

--------------------
Damn, this is hard...but it's worth the challenge $$$$$

Posts: 113 | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
Best to learn before you jump dat's for sure. Protect your capital upmost and foremost don't put in what you don't/can't afford to lose.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
climintheladder
Member


Icon 1 posted      Profile for climintheladder         Edit/Delete Post   Reply With Quote 
Kudos.......I understand........taking baby steps with capital. Start small, think big, make plenty......and be not greedy my good man. So says me..........HEHE. Sounds like a plan, my good man?

--------------------
Damn, this is hard...but it's worth the challenge $$$$$

Posts: 113 | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
News for 'HCPC' - (Heritage Capital Credit Corporation Expands Product Line to Include Traditional Commercial Loans)


WILMINGTON, Del., Oct 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) announces the expansion of its commercial mortgage products and its funding sources. The Company has established a new division that offers a broad spectrum of commercial loan programs that range in size from $1,500,000 to $20,000,000.

The Company's funding sources will include other conduit lenders, national banks and REITs that fund traditional commercial loans. These commercial loan programs will move Heritage into the financial marketplace where it will have access to some of the nation's largest commercial loan investors.

Richard L. Razzeca, Vice President, will head this new division that will offer the traditional commercial loans.

The Company's subsidiary, Independent Capital Credit Corporation will begin accepting and processing applications on November 1, 2007. Acceptable property types include:


-- Multifamily Apartments

-- Office Buildings

-- Retail

-- Hotels

-- Industrial

-- Mixed Use

-- Commercial and Retail Condominiums


More information will be posted on the website:
http://www.independentcapitalcreditcorp.com, where applications will be accepted via email or they may be faxed (302-778-1048). With general property financial data, we can pre-qualify a commercial property for funding. No application fee is required.

The Company's flagship product, the BCLOC, which provides 100% financing for commercial projects ranging from $10 million to $70 million, will continue to remain in the forefront of its loan products. To date, the Company has not delivered any projects for funding.

About Heritage Capital Credit Corporation

The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for funding.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.


Contact:

Heritage Capital Credit Corporation

Richard Razzeca, Vice President

Tel: 302-778-4222

Email: info*heritagecapitalcreditcorp.com


SOURCE Heritage Capital Credit Corporation


URL: http://www.independentcapitalcreditcorp.com

www.prnewswire.com


Copyright (C) 2007 PR Newswire. All rights reserved

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
  This topic comprises 2 pages: 1  2   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share