DM Mortgage Investors LLC Releases March Results.Business Editors LAS VEGAS--(BUSINESS WIRE)--April 6, 2001 DM Mortgage Investors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (the company) today announced that as of March 31, 2001, the company has 27 mortgage loans in the aggregate amount of $60,014,000. The average maturity of these loans was 12 months with an average interest rate of 13.87 percent per annum Per annum Yearly. . During the month of March, the company distributed to its unit holders $557K which constituted a weighted average per annum interest rate yield of 13.55 percent. During the first quarter of 2001, the company distributed to its unit holders a weighted average per annum interest rate yield of 13.48 percent. Vestin Group Inc., through the company's lending division, is one of the nation's largest private lenders. Certain statements contained herein are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that have been made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results in the future periods or plans for future periods to differ materially from those described herein as anticipated, believed or estimated. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion