SALT LAKE CITY, April 9, 2014 /PRNewswire/ -- Capital
Financial Global, Inc. (OTC Pink: CFGX), announced today that it
has successfully consolidated and restructured the more than
$5.1 million in distressed refinery
debt that it acquired in March.
"Lumping all the various acquired notes into one consolidated
loan will help the refinery manage the repayment process as well as
simplify our task of servicing the loan and collecting the
payments," said Mr. Paul Edward
Norat, CEO of Capital Financial Global, Inc. "This loan will
be a nice addition to our loan portfolio in terms of interest rate
spread, since we acquired it by issuing our preferred stock."
The new Secured Promissory Note and Security Agreement call for
repayment of $5,100,000.00, bearing
interest at 12% annually, with monthly interest-only payments until
maturity, in 5 years. The corresponding Series B Preferred stock
provides for cumulative dividends at 4% annually.
Disclosures can be found on the Company's online disclosure
portal at: http://www.otcmarkets.com/stock/CFGX/filings
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance
company that offers asset-backed financing and loan advisory
services to insurance trusts & pension funds, owners of
commercial real estate, owners of residential real estate
portfolios, and owners of mining & precious metals assets.
Our Market Positioning & Differentiation
Unlike traditional banking models, CFGX offers organizations
needed liquidity by using an asset-backed approach rather than a
traditional credit approach to originating new loans, buying and
selling existing loans, and converting distressed collateral into
cash or trade-able form.
Our Revenue Model
We seek revenue from loan fees, interest rate spreads on loans
we hold, and margins on loans sold in whole or in part to
institutional investors, hedge funds, or other secondary market
participants. We also seek revenue by charging loan servicing fees
and by selling distressed assets that we acquire for our own
investment or through some type of foreclosure.
Forward-looking
statements:
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from
those currently anticipated due to a number of factors, which
include but are not limited to, risk factors inherent in doing
business. Forward-looking statements may be identified by terms
such as "may," "will," "should," "could," "expects," "plans,"
"intends," "anticipates," "believes," "estimates," "predicts,"
"forecasts," "potential," or "continue," or similar terms or the
negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. The company has no obligation to update these
forward-looking statements.
For more information please contact:
Capital Financial Global, Inc.
Investor Relations
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
Twitter: @CFGX
Facebook: "Capital Financial Global, Inc. Ticker: CFGX"
SOURCE Capital Financial Global, Inc.