Tribeca Lending Corp. (Wholesale) - Wholesale
Comment on this article | Subscribe by email!
We understand they were known as NY Mortgage Company before Tribeca. They did borderline hard money. Low LTV Bankruptcy buyouts, and foreclosure bailout type loans.
Here's the announcement emailed to Brokers:
From another reader:
"Tribeca Lending has been letting go a lot of their employees. In fact they just closed one of their branches and released the duties of the 2 managers (1 quit and the other is an AE in NJ).
HUD states Tribeca closed over 150 million per month in 2005. As always, if you have comments about this Implosion, or can provide more information, please email us.
permalink to this record | forum thread
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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.