2005 BEST YEAR EVER FOR GALA RESOURCES
New York, NY – March 27, 2006

Deal flow reached record levels in 2005 at New York-based Gala Resources LLC, a direct lender providing short-term mortgages to real estate investors, builders and dealers. The firm reported that it had closed 560 loans totaling $143 million in 2005, the highest volume in its 16-year history.

Recognized in the real estate community for its fast closings and the absence of pre-payment penalties, Gala Resources continued to attract new and repeat customers.

Founded in 1990, Gala Resources LLC is a direct lender providing short-term mortgages to real estate investors, builders and dealers. The company specializes in loans for acquisitions and renovations, one to four-family houses, multi-family buildings, mixed-use properties and new construction. For examples of loans we closed in 2005, click here.

With its in-house legal department, the firm delivers rapid closings.

Gala Resources, which is active in New York, New Jersey, Connecticut, Washington D.C., Chicago, Boston, Atlanta, Detroit and the greater Baltimore area, is expanding nationwide.

For more information, call 800-372-3393.