| Business Summary | | Liberte
Investors
Inc.
was
organized
in
order
to
effect
the
reorganization
of
Liberte
Investors,
a
business
trust,
pursuant
to
which
the
Trust
contributed
its
assets
to
the
Company
and
received
all
of
the
Company's
outstanding
common
stock.
At
June
30,
2000,
the
Company
owned
foreclosed
real
estate
totaling
$2.5
million.
At
June
30,
2000,
there
were
no
outstanding
notes
receivables
and
all
foreclosed
real
estate
was
classified
as
nonearning. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Liberte
Investors,
Inc.
was
engaged
in
the
investment
in
first
mortgage
construction
loans,
and
first
mortgage
acquisition
and
development
loans.
However,
LBI
has
progressively
curtailed
its
lending
activities
and
reduced
its
portfolio.
For
the
nine
months
ended
3/31/01,
revenues
rose
14%
to
$2.5
million.
Net
income
rose
22%
to
$2
million.
Revenues
reflect
increased
interest
rates.
Net
income
also
reflects
lower
legal,
audit
and
advisory
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Gerald Ford, 56 | Chairman,
CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|