Medallion Gold Inc. has now been in business for 4 years.
Here are a few points of interest regarding our progress during this period:
- Existing Loans as of 11/21/13: $14,703,000
- Pending loans (not yet funded): $1,254,000
- Closed loans (loans that paid off in full): $7,243,400
- Closed loans that paid less than full origination: $0
- Number of loans funded to date: 110
- Number of foreclosures: 0
- Number of late payments: 1 loan, 2 days past grace period
- Number of investors: 48
- Number of referring agents on email list: 37
- Collateral Mix: 1/3 multiple units | 1/3 commercial | 1/3 residential
- Lien position first Deeds of Trust: 90% of portfolio
- Second DOT (only in conjunction with our firsts): 10%
- Unhappy Investors: None that we know of