But we do have about 30% of our profile which has had estate that is real
Brendan: But we do have about 30% of y our profile which includes estate that is real security even though loans on their own may be similar to a busine loan, but where we are able to really put on property as security so we aren’t entirely unsecured. I think can eentially be considered secured we are about 48% secured and maybe 52% unsecured consumer and small busine if you were to add receivables and real estate, both of which.
Peter: Interesting, interesting. Therefore then how can the lender is chosen by you to work well with? After all, are you searching for…obviously you’ve got a return target that you would like going to, it is there such a thing else that you’re looking when you’re registering a brand new deal?
Brendan: positively, so that the initial thing that people place such a premium on so we want to know how the lender is planning to scale and where it will be getting its customers from in such a way so that they’re not competing against dozens of other lenders or even one or two other lenders that we want to understand is the story and that’s because unique deal flow is something. Continue reading →