Daniel Sadek was born in 1969 in
Lebanon. Raised in France, Sadek
eventually moved to the
United States. He is most notable as the
producer and writer of the film
Redline.
He personally funded
the $26 million dollars used to make the film, as well as all
marketing expenses.
Before his career in the film industry, he started a mid-sized
mortgage company
currently located in
Costa Mesa,
California. Before, he worked as a
car salesman, eventually
selling more and more expensive cars as his career progressed.
Prior to the film Redline, He owned 23 exotic cars. Though born in
Lebanon and raised in France, Sadek was steeped in US pop culture.
Leaving behind his first car (a Fiat 850 sport coupe) in France,
Sadek's first job in the US was at a Unocal 76 station in Cypress,
California.
In 1991, Sadek began selling new Dodges. As sales
went up he began moving on to bigger and more expensive car brands:
Honda,
Toyota then
Mercedes Benz. However, his fortune was
grossed from Quick Loan Funding, a mortgage company Sadek founded,
based in Costa Mesa, California. Sadek reportedly has 15 percent
ownership stake [stock] in the Swedish car company
Koenigsegg. Currently, Sadek is
plannning to create the first Koenigsegg dealership in North
America. It will be located in
Newport Beach, California.
Following the general decline of the
subprime mortgage
industry, Quick Loan Funding contracted sharply. At its height, the
company was lending 218 million dollars per month. In May 2006 it
lent only 30 million, and has downsized from 700 employees to 125.
In various lawsuits, ex-employees have accused the company of
forging borrowers' signatures on loan documents, inaccurately
disclosing fees to be paid by customers, and other
mortgage fraud. Sadek
reports that he is in debt, and has sold his cars, but expects to
recover.
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