In mid-December Hydrotech (HT) spoke with Jesse W. Hathorne and Michael A. Briscoe, representatives of Westbridge Mutual LLC, on a telephone conference call. Mr. Briscoe and Mr. Hathorn told Hydrotech (HT) that their company, Westbridge Mutual, could obtain a loan in the amount of $8 Million through Wells Fargo Bank, funded within 10 days, for a fee of 10% or $800,000. Mr. Briscoe and Mr. Hathorne stated that in order to obtain the $8 Million in funding within 10 days, Hydrotech was required to place 10% of the loan amount ($800,000) in an escrow in advance to cover loan costs and fees. Mr. Hathorne and Mr. Briscoe stated that the escrow agent for the $800,000 fee was to be California attorney Michael Papuc.
In December, a loan request on behalf of Hydrotech to Mr. Briscoe, Mr. Hathorne, and Westbridge Mutual for the $8 Million loan.in mid-Jan, Michael A.
0 comments