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Visit greggwolfer's column >>

GREGGWOLFER

Articles Posted: 1  Links Seeded: 0
Member Since: 11/2008  Last Seen: 11/03/2008

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Gregg Wolfer

Mon Nov 3, 2008 12:58 PM EST
business
By greggwolfer
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Creativity is the driving force behind 24 Capital. They are based out of Hackensack, New Jersey and presided over by Gregg Wolfer. They claim to be a different sort of lender that the market has been looking for because lending institutions are traditionally seen as cold or unforgiving. At 24 Capital they recognize the importance of innovation in commercial bridge loans, and that means that any size loan from $1 million to $100 million needs to be closed on quickly. 24 Capital can commit to a loan proposal in as little as 24 hours, thus the numbers in the moniker, and closings can be arranged in as little as 5 days.

At 24 Capital they recognize that loans should not necessarily be judged on numbers and scores, they take the character of the individual into account as often as possible. Their reputation is based almost wholly upon the premise that they look at each business or individual borrower as just that—an individual. Their extensive research team pulls together all relevant information and their financial team puts together workable packages that allow projects to move forward without interruption and without considerable upfront expenses for the borrower. Businesses do not want to pay large fees upfront in addition to the customary out-of-pocket expenses they already pay. Traditional lending institutions will rise and fall, and they will always exist in some form—but 24 Capital invites you to discover why more and more borrowers are seeking an innovative alternative in an attempt to close deals, and quickly.

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