But we do have about 30% of y our portfolio that features real-estate
But we do have about 30% of y our profile who has estate that is real
Brendan: But we do have about 30% of y our profile which includes estate that is real security even though the loans on their own may be similar to a busine loan, but where we are able to really put on property as security therefore we aren't totally 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 just how do you select the lending company to do business with? After all, are you searching for…obviously you have got a return target you’re signing up a new deal that you want to hit, but is there anything else that you’re looking for when?
Brendan: definitely, therefore the very first thing that individuals 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. They can find those borrowers and then once they have that and we understand how they’ll scale that then we’re going to dig into their data so we want those unique relationships where. You clearly understand Bryce extremely well, Bryce or Dr.Mason, another pioneer in this industry that arrived aboard over a year ago now and he’s our chief investment officer therefore bryce then digs into information.
Just just exactly What we’re hunting for is two things; first thing of course we’re searching for could be the performance through the security while the second thing that we’re shopping for reaches the smallest amount of that the model that they’re utilizing, the underwriting model that they’re utilizing to get the loans may be the supply of their exemplary comes back.