Navigation


Lijit Search
Be notified of
page updates
it's private
powered by
ChangeDetection

See companies still doing business in this state.

Current news for this company:


Calusa Investments - Subprime

2007-08-16

Comment on this article | Subscribe by email!

We have received word that Calusa Investments (calusa123.com), a nationwide subprime outfit has ceased operating. One informant described Calusa as follows:

CALUSA Investments of Herndon Virginia Had 110 LO's four months ago, they let 70 of them go recently.

They were a nationwide subprime outfit doing 55 million per month.

Their interactive web site ( www.calusa123.com) reads for the last four days:

"We apologize, but Calusa is undergoing maintenance.
Please check back at another time.
Thank you for your interest in Calusa - Home of Next Day Loans."

No answer on phones.

Indeed, no page (but that of the "maintenance" message) is accessible on Calusa's website at the time of this posting.

A separate informant told us of Calusa's closure noting:

Looks Like Calusa Investments in Herndon VA has shut it's doors. They did 770 million in volume last year and have had considerably less business this year only doing 10 million in July. Down from 100 loan officers to 25 they have decided to lay most employees off and only retain a few to close out loans for the remainder of the month.


Bookmark and Share


Comments: Be the first to add a comment

add a comment | go to forum thread

Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.