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Capital Six Funding - Subprime
2007-08-23
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A source has written in to notify us that Capital Six Funding (capitalsix.com), a lender focusing mainly on subprime and hard money lending, has suspended operations. Indeed, the Capital Six website confirms:
Due to current market conditions, Capital Six Funding has suspended operations and is not currently accepting loan submissions. We appreciate your understanding and past business.
Thank you.
Capital Six Funding
Our informant described Capital Six's operations:
according to their sales mgr XXXXXXX, last month they funded $6M. prior to that they averaged $15M/mon in subprime and hard money.
At this time we have been unable to determine how many employees were affected by the closure of Capital Six. If you can provide this information to complete this listing, please let us know!
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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.
