Sub Prime Mortgages’ Modest Comeback

February 21, 2014

Bill Dallas ran two subprime lenders that collapsed during the financial crisis. Now he’s back in business and plans to start offering what he calls nonprime loans later this year through his latest venture, NewLeaf Lending, based in Calabasas, Calif. “There needs to be a solution for people who don’t fit in the box, and rebuilding nonprime lending is it,” says Dallas. This time, he says, tougher lending rules will require borrowers to put down as much as 30 percent and document their income, credit, and work history.  See more




Leading The Subprime Revolution the Right Way

June 28, 2013

The return of subprime and alternative lending


Los Angeles, CA (PRWEB) June 28, 2013

Athas Capital Group, the nation’s leading hard money direct lender, is proud to announce its entry into the subprime market. Athas Capital will bring the same kind of innovative business strategies that has made it one of the most successful direct lenders in the hard money space. Since the company’s inception in 2007, Athas Capital has been on the leading edge of innovation in the hard money world and the underlying principles of the company have never wavered: be the best at what you do, work harder than the competition, and never write a loan you don’t believe in. It is with these thoughts in mind that Athas has created its premier subprime product which is destined to become the industry standard.

Why is now the right time for Athas to step into subprime lending? Brian O’Shaughnessy, Athas Capital’s CEO, explains “Well, truthfully, I got tired of waiting for subprime to come back on its own.” Given the fact that conventional lenders have restricted lending practices and guidelines so much so that home ownership is at a 19 year low, right now seems to be the perfect time for Athas to enter the market. “There is a tragically underserved segment of the mortgage market that exists between the conventional market and the hard money market,” O’Shaughnessy continues, “Here at Athas, we want to bridge that gap but we want to do it the right way. We have a long-term business model we are following that has led us to the top of the hard money market as a direct lender. We didn’t get to where we are by deviating from our lending philosophy.” read more

Most recently closed loans from ACG

February 13, 2013

Athas Capital Group knows how to get your loans funded in a timely manner! – View Closed Loans Here

More recently closed loans from ACG!

December 3, 2012

November’s recently closed loans. – View here

Athas & Rama Capital in Wall Street Journal

November 30, 2012
Athas Capital Group

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We can close your loans!

November 29, 2012

View some of our recently funded loans here.

Alternative Lender Athas Capital Group Reinvents the Traditional Private Mortgage Lending Model and Finishes 2011 with Year – Over – Year Growth by 141%

February 9, 2012

Alternative lender Athas Capital Group, Inc. announces remarkable growth in 2011, a result of changing traditional models of private money lending.

February 7, 2012. Since the collapse of the mortgage market in 2007, mortgage professionals and their borrowers have questioned if the fractured industry will ever recover. With Alt-A and subprime products conspicuously absent, borrowers are faced with limited choices if they are unable to qualify for Fannie, Freddie, FHA or VA financing. In lieu of GSE sponsored loans, the other viable option for borrowers is to pursue “hard money” financing. Typical challenges of “hard money” loans include: high interest rates, high fees/points, and the general uncertainty that a loan will actually close/be funded.

The “hard money” subculture has always been an extremely fragmented, regionally focused, “mom and pop” lending option. Furthermore, most “hard money lenders” are really “hard money brokers” who are correspondents for private investors. These private investors are usually wealthy individuals willing to make loans on properties that they would not mind owning. The result is a daisy chain where brokers who are trying to address their borrowers’ financing needs deal with other brokers who are accommodating their private investors’ preferences. The biggest loser in all of this is the consumer/borrower, who is forced to endure an unstructured process with an uncertain outcome to chase a loan product that is often ill suited for their needs. Athas Capital Group, Inc. (“Athas”) has solved these complications and has transformed the typical model resulting in tremendous growth in 2011. In 2011, its loan volume increased year-over-year by 141% based on units and 120% based on the dollar amount funded.

Athas was founded on principles that were designed to specifically address the dysfunctional orientation of the private mortgage market. Kevin O’Shaughnessy, Chief Operating Officer, states that, “We provide our broker and borrower base a streamlined process from initial submission through closing/funding. As an example, we offer detailed rate sheets with pricing matrices tiered by credit buckets for both our residential and commercial products. These rate sheets feed into our comprehensive underwriting guidelines and offer an unprecedented level of transparency and sophistication within the hard money landscape.”

Athas has the distinction of being a true portfolio lender because it manages its own discretionary mortgage fund, eliminating the daisy chain and offering predictability to its broker community. Athas’ lending parameters and structure are determined by its executives, who draw on over 45 years of lending experience. Brian O’Shaughnessy, Chief Executive Officer, says that, “We want every private mortgage application in the country to come across our desk. In order to work towards that goal, we hold our broker base in high regard, offer unparalleled service and execution, and are the low cost option in the private lending space.” Athas financescommercial and residential real estate, including owner occupied properties. O’Shaughnessy adds that “I believe we are the only private lending platform that offers par pricing [zero points] and this adds tremendous benefit to our brokers and borrowers.”

More information about this company is available by visiting or calling 877-877-1477.