LOAN News & Events

Reports Q1 revenue $2.07M vs $2.27M last year.

Reports Q3 revenue $2.04M vs. $2.31M last year. Assaf Ran, chairman of the board and CEO of the company, stated, "The good news is that paid off loans during the third quarter exceeded our average, reflecting the strength and high quality of our loans even in rough times. However, the slow real estate markets in the geographic areas in which we operate causes longer time to redevelopment. Thus the decline in revenue and income. We continue to work tirelessly to deploy the available funds into safe and secure loans."

Reports Q3 revenue $2.04M vs. $2.31M last year. Assaf Ran, chairman of the board and CEO of the company, stated, "The good news is that paid off loans during the third quarter exceeded our average, reflecting the strength and high quality of our loans even in rough times. However, the slow real estate markets in the geographic areas in which we operate causes longer time to redevelopment. Thus the decline in revenue and income. We continue to work tirelessly to deploy the available funds into safe and secure loans."

Reports Q2 revenue $2.4M vs. $2.4M last year. Assaf Ran, CEO, stated, "Interest rates are still weighing on the real estate markets; therefore, we're experiencing a slower pace of loan closings versus our typical pace, and longer loan terms, reflected by a higher amount of extended loans over the initial ultra short term of one year. Yet, we managed to deliver another quarter with net earnings of $0.12."