TITAN GLOBAL ASSETS
"Substantial expertise in the financial arts"
01 (831) 471-8444 |
Titan Global Assets
PO Box 3754
Santa Cruz, CA
(831) 471-8444
A Brief History:
In the mid1980s through the 1990s, the Lermans were busy funding and closing
transactions through their alternative finance and mortgage companies. Through their
base of private investors they had been a direct source of funding for hard money,
distress property, and alternative transactions. The Lermans specialized strictly in fast
funding requests. When they were with Lerman Mortgage, Eric and David were the top
producers throughout their term with the company. While loans were coming in a
steady stream, none of the agents had any funding. In fact, most brokers and finance
company owners themselves did not have enough funding to keep up with the demand.
Eric Lerman and David Lerman produced more investor capital by themselves than the
other twelve agents and the associated seasoned brokers combined. In the late 1980's,
Eric Lerman took over Coventry Financial Corporation, an abandoned corporation
that had never shown a profit, but was set up to advance.
From the first quarter that Eric Lerman ran CFC, the company not only cash
flowed, but profited as well. The local media was enamored with Eric Lerman dubbing
him “the humanitarian trustee” in one article in the Contra Costa Times, after an
interview with him about the rising rate of loan defaults and foreclosures that was
sweeping across the nation, as well as the globe. CFC had handled one mortgage
company's hard cases and in fact, had reduced their rate of foreclosure from 22% down
to 9 %. This made many private investors more comfortable with hard money funding,
and saved many projects and owners from loss and foreclosure.
Though the company was family owned, Eric Lerman desired a larger profit
share and more control over the funding process. Eric Lerman opened the doors to
Phoenix Financial Specialists in the early 1990s. Immediately there was a feeding frenzy
of investor action involving funding, default remedies and consultation regarding real
estate investment recoveries. From the beginning we have specialized in hard to place
loans and fast results, always growing with funding contacts, most of which are private
investors. The Lermans have resumed the recovery side of the business, and are quietly
renowned for their success in capital recoveries and hostile takeovers. We still do
consultations, (and we still specialize in INNOVATIVE AND CREATIVE FUNDING).
TGA has an in-house Asset Base and exclusive investors under contract. TGA
offers in-house underwriting. Born of an acquisition of another company, a hostile
takeover had to be defeated in court.
Well known for its innovations and proprietary concepts and contracts, Phoenix
Financial Specialists was under siege, and despite the court ruling in its favor, still has
unsavory parties imitating and misappropriating the proprietary materials, now under
ownership of TGA. However, the Lermans and TGA exceed in the business through
successful closings. Unlike many others in the industry, there are no exorbitant fees, and
TGA is almost always able to get the assets on the table. TGA assists with introducing
clients and investors to projects, helps to structure terms, negotiate commitments and
advise its clients every step of the way. TGA operates on a global level. Again, since
inception into this industry, the Lermans have made their living through successful
closings. We have closed many transactions.
TGA and our principles has raised hundreds of millions of dollars:
TGA and our principles have provided for numerous projects and properties, many
of them in hard areas of the world and/or in hard financial situations such as
foreclosure, bankruptcy, receivership and hostile takeover. Eric Lerman funded the
renowned Phipps Ranch one day from foreclosure sale with private investor capital and
our own money as well. Many Presidents and celebrities have visited this
environmentally conscious operation. But they were in deep and did not qualify for any
program or conventional funding. Private money and the Lermans saved them. They
successfully funded the Kevin Bacon subdivision project, the Royal Stahl Rest Home,
Oak Park Cemetery and Crematorium, and many other projects such as property
development, venture capital, income producing property, acquisitions and many more
as a matter of public record. This was merely a small example from the early days and
our contacts and capabilities have grown immeasurably since.
It took only four days to raise $65,000,000 USD for acquisition of a portfolio. It
only took ten days to raise $32,000,000 USD for a stalled project that had too little
protective equity to attract any interest, until a loan was combined with JV money. It
usually takes a couple days to achieve a viable funding offer, a couple weeks to negotiate
a firm funding commitment, and the Lermans have done overnight fast funding, such as
the Phipps.
As we have properly been required to sign many non-disclosures and similar
documents, we are not always at liberty to discuss or reference many projects we have
been successful with. However, some have gone into public records due to defaults and
essential exposure for marketing while others have given their kind permissions to allow
us some degree of mention. Please do not disturb or solicit any of the clientèle, investors
or associates, as some have gone into default, while others do not wish to be disturbed.
Any such penetrations or contact will be considered as bad will, damaging interference,
or circumvention attempts and may result in our having to take a judicial remedy or
other protective position, as our sources are our stock and trade and proprietary
information as well. Many consider this an imposition at the highest level of indiscretion
and will be either disturbed or offended, as some are in distress while others place a
premium on both their privacy and their exposure. This has happened all too often and
the results are never pleasant. After all, many active arrangements are avoiding
publicity that would benefit their competition, while others have other practical reasons
for confidentiality.
