LIG Assets, Inc. engages in the acquisition, rehabilitation, and resale of homes in the United States. It also provides funding and strategic financing alternatives for commercial and residential real estate projects. The company focuses primarily on income-producing properties in commercial and residential real estate. Its properties consist of approximately 300 residential properties, including single-family dwellings in Texas, as well as an office building. The company also develops and builds real estate projects consisting of hotels; finances movies; and acquires and develops real estate properties in South America. LIG Assets, Inc. has strategic alliances with Texas Real Estate Hedge F...
1700 Pacific Avenue
Dallas, TX 75201
Founded in 2008
LIG Assets, Inc., West Coast Partners, LLC and CP Resources, LLC Announces Executive Appointments
Sep 4 14
LIG Assets, Inc. announced that it has officially merged with West Coast Partners, LLC and CP Resources, LLC effective September 02, 2014. West Coast Partners and CP Resources will become wholly owned subsidiaries of LIG Assets, Inc. The primary focus of the merged entity will be to develop its current portfolio of leases for oil and gas reserves on over 36,000 acres in Nevada and Texas. LIG Assets will maintain its commercial and residential real estate operations, but may consider a spin-off or sale of these assets in the future. West Coast Partners and CP Resources are also based in Dallas, TX and now in the process of moving its office staff to LIG Assets' currently underutilized high rise office space in downtown Dallas, and will complete its move over the next 60 days. Jeff Love, former CEO of LIG Assets, will maintain a board seat and the new position of Chief Operating Officer with the merged entity. Dennis Hopkins, has been named President. Anthony Feezel has also been named a Director.
LIG Improves Loan Terms on Entire Amount of Primary Mortgage Debt
Feb 10 14
LIG Assets, Inc. announced that it has successfully negotiated new terms on its balance of roughly $14,000,000 in mortgage debt that is held against its primary portfolio of single family homes in Texas. LIG Assets and its lender FP Management agreed to a firm reduction in the interest rate it pays on a new 10 year note. LIG Assets reserves the right to further improve terms on this debt. The new terms provide relief from concern that the loan could be called in the near-term. LIG Assets and its lender estimate that the current market value of this portfolio is over $20 million. As part of negotiating for the new loan terms, LIG Assets relinquished control of South American Properties, Inc. to its lender.