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AUSTIN, Texas, March 14, 2019 (GLOBE NEWSWIRE) -- Private lending industry advocates gathered on Capitol Hill last month to discuss the future of the industry as many states begin to take a greater interest in regulating the lending of private capital for real estate development.
A group of industry professionals led by the American Association of Private Lenders (AAPL) recently convened for the first time on Capitol Hill, meeting with the offices of United States Senators who are members of the Committees on Banking, Housing and Urban Affairs, and the Senate Committee on Finance. The group’s goal is to inform lawmakers about the growing private lending industry and help shape common sense legislation amid growing interest in the burgeoning industry of private finance.
Chris Ragland , the Chief Operating Officer of Noble Capital, one of the longest-operating private lending firms in the country, was recently appointed as an inaugural member of the AAPL Government Relations Committee. “As many urban areas struggle with housing shortages which are driving up home prices, we need to ensure that capital is available for developers trying to alleviate the problem,” said Ragland. “Many of these developers have turned to private capital because of the speed and efficiency with which they can secure financing for these projects.”
For more than 10 years, AAPL has been the leading national organization representing the private real estate lending industry. Their goal has been to work with private lenders across the country to promote a code of ethics and industry standards for firms who specialize in financing real estate projects.
"AAPL's decade of commitment to upholding our Code of Ethics is the foundation on which the private lending profession argues its case for continued self-regulation," said Linda Hyde, AAPL managing director. "Our Government Relations Committee members, as private lenders and service providers themselves, are the best to voice that argument in state and federal legislatures."
“The interest in private capital has been growing at a rapid clip the past few years,” said Ragland. “We want to make sure that legislators are equipped with the most accurate, current and relevant information as they consider a regulatory framework for the industry.”
About Noble Capital
Noble Capital is a Texas-based alternative investment firm specializing in private lending, wealth management and REO disposition. It has developed unique approaches to wealth building and management, tailored to the modern financial landscape. Its Funds are known for generating substantial returns with a track record of consistently protecting client principal. Noble Capital has built an extensive network of private lenders and real estate professionals in Texas and is rapidly growing its portfolio backed by the most stable real estate market in the country. For more information, visit: www.noblecapital.com.