USA Capital

Popularly known as USA Capital, hard money lender USA Commercial Mortgage Co.(USACM) was a Las Vegas, Nevada based mortgage broker owned by Tom Hantges, Joe Milanowski and Paul Hamilton which went bankrupt in 2006. Rodney Balinski was also apart of the company, as Tom Hantges' and Joe Milanowski's assistant.

Operations

'USA Capital', the hard money lender USA Commercial Mortgage Co.(USACM), was a Las Vegas, Nevada based mortgage broker owned by Tom Hantges, Joe Milanowski and Paul Hamilton. Affiliated with the lending/brokerage activity at USACM was a management company, USA Securities, and two funds, the First Trust Deed Fund and for Nevada residents only, the Diversified Trust Deed Fund.

There were two general categories of investors;

Though there were instances of a single direct lender funding an entire loan, the vast majority of loans were funded by many entities, which included the two Trust Deed Funds themselves. Typically loans ranging from up to $3,000,000 to $30,000,000 would be funded by between 30 and 300 persons, each of whom was a fractional beneficiary of the promissory note.