SOURCE: Falcon Ridge Development, Inc.

June 07, 2007 08:53 ET

Falcon Ridge Development, Inc. Receives New Mexico Mortgage License

ALBUQUERQUE, NM--(Marketwire - June 7, 2007) - Falcon Ridge Development, Inc. (OTCBB: FCNR), a real estate development and home building company located in Albuquerque, New Mexico, through its wholly owned subsidiary, Falcon Ridge Financial LLC, has been approved and is licensed to broker mortgage loans in New Mexico. This will allow Falcon Ridge to provide better service to its home buyers.

Falcon Ridge will be marketing its mortgage services to the general public as well as to Falcon Ridge home buyers and will be offering both new mortgages and refinance loans at very competitive rates. Mrs. Julie Kruger is Vice President and Broker/Manager of Falcon Ridge Financial LLC and will oversee day to day operations for their Financial Division.

Falcon Ridge Development, Inc. was founded in May 2005 by Company President and CEO Fred Montaño and Falcon Ridge CFO, Karen Duran. Together, the founders have more than 60 years of real estate experience.

"Our goal is to provide the most affordable, attractive communities and homes to the marketplace. Falcon Ridge can now provide better service with financing," stated CEO Fred Montaño.

Our community home projects are tailored to the needs of the existing community in terms of attractiveness and function; efficiency, environmental-friendliness, and good corporate citizenry. Their most recent project initiative is Spanish Trails, a residential subdivision of approximately 530 single-family home lots, located 25 minutes South of Albuquerque in the community of Belen, New Mexico. Spanish Trails is designed to be an interconnected neighborhood with curved, meandering streets, landscaped jogging/walking paths, and pocket parks. As nearly as is feasible, it will be self-sustaining with its own waste treatment plant, effluent irrigation system, power generation, and wireless communications.

"We are very excited about being able to now broker mortgage loans," says Fred Montaño, CEO, Falcon Ridge Development, Inc., "because both our customers and the people of New Mexico need the most competitive rates and the ease of dealing with a development company that understands the challenges that confront home buyers. We look forward to delivering as much of a quality product as we have done with our community homes."

For more information about Falcon Ridge Development, Inc., please contact A.S. Austin Company, Steven Becker: (702) 386-5379 or visit www.falconridgedev.com.

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