/24-7PressRelease/ - COLUMBUS, OH, December 06, 2007 - National Real Estate Buyers & Associates, Inc. announced plans that it has negotiated and finalized a line of credit agreement with Diversified Ventures Group, LLC, a Columbus Ohio-based real estate investment firm. The announcement was made by the company's Board Chairman, Steven W. Hammons.
According to Hammons, the company has received a revolving line of credit through 2012. The details and terms of the agreement were not disclosed. Hammons stated that, "The agreement with Diversified Ventures Group will provide us with the necessary working capital to expand our nationwide real estate investment base." Hammons further stated that, "In addition to the line of credit, Diversified Ventures Group, we will also be working with them as joint venture partners on future real estate projects".
In addition to Hammons, National Real Estate Buyers & Associates, Inc. is also owned by Carolyn S. Traylor, President & Chief Executive Officer. In addition to his duties as Board Chairman, Hammons also serves as the company's Chief Operations & Marketing Officer.
About National Real Estate Buyers & Associates, Inc.
National Real Estate Buyers & Associates, Inc. is a national network of independent real estate investors providing solutions to homeowners facing foreclosure. The company is also a national purchaser of seller financed real estate and business notes and mortgages, as well as a publisher of real estate related books, reports and educational materials.
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