Drexel Presentation - Short Clip - Less Default Than A Bank

A lot of people believe that hard money and private money is designed to be in a position to 'loan to own'. This is not the case for any reputable private money lender. The hassle and issues that arise in a foreclosure are a head ache for the lender. The key to having a low default rate is by doing strong underwriting up front so money is never deployed with out a high percentage chance of return. We have done so many deals over the years that and have a track record that has a lower default and foreclosure rate than most traditional banks. People find this hard to believe, but it is the truth. The reason being is the underwriting on the deals done up front so we can help everyone avoid a bad situation in the event that things don't go as smooth as anticipated.

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