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06/28/09
Landmarc Capital seized by state; declared insolvent
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 12:45 pm

State regulators have taken over one of the state’s biggest hard-money lenders, Scottsdale-based Landmarc Capital & Investment Co., after declaring it insolvent.

Arizona Department of Financial Institution’s Superintendent Felecia Rotellini was appointed receiver for the lender by the state Superior Court on Wednesday.   more…



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