Just got off the phone with Mr. Dave Williams, very impressed with his attitude and direction. Here is a summary of what he told me:
They will be changing their name to avoid confusion-there are a few other mortgage companies out there that have a similar name, and he is tired of the mistaken identity. The new name has not been decided on for sure, but it is one of three, The Money Ave., Real Money, Real Cash. He says it will most likely be Real Money.
Mr. Williams has four branches, all in Nevada. He is opening another six, and already has office sites and man power for three of the new ones. His long term goal is to bring in $50 million in loans a month by December, and is up to nearly $30 million now.
He expects their growth rate to continue at what it has been: 10-15% a month, but thinks there might be a slight "hiccup" in that figure for the next few weeks due to the name change.
They will have a full web presence in about 3 weeks, but will have an initial introductory site ready probably this week. This company has been around since 1988, and he is a 50/50 partner with Dave Weschler at theloan.com (Realty Mortgage), but that is not part of his company. Mr. Williams feels like they are making excellent headway with the acquisition by PanAmerican, and that being a part of our "family" (my word) is the best step for his company to reach the higher goals that they are striving for.
He said they are ready to finance the Belize homes, and are just being careful right now so as not to upset anyone down there as the elections are approaching.
There is also MUCH more to come for PanAmerican. I think I will be buying more shares tomorrow! He welcomes calls, so do your own DD.
Realty Money 702-227-5626
firstman
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