Discover The Power of Private Lending with Cortland Credit
Description
Hosted by Bob Simpson, today's episode focuses on the opportunity to invest in private lending and what it can look like when added to your portfolio.
This episode takes you into a deep dive into a due diligence interview with Cortland Credit President, Sean Rogister.
Today's questions of interest:
3:32 Sean, can you provide an overview of the company history and founding?
5:26 What's the ownership of the company look like right now?
7:00 But where are you now on employees?
8:48 How does your firm make money?
10:33 Can you just talk a bit about a typical profile of a borrower that you would work with?
12:32 Could you touch on senior secured, short term and asset based?
15:18 Could you explain the details of your Cortland report that you send out?
17:38 What percentages is factoring in your portfolio?
20:35 How would Cortland Credit deal with loans gone bad?
23:30 Can you explain the unique occurrence of the 24% Saskatchewan loan?
25:44 Do these issues in the portfolio affect performance?
27:35 Could you talk about the announcement about the successful repayment of credit facility for insulation technology group?
29:18 Can you talk about the process that you follow when you're underwriting new loans?
33:01 How many loans do you approve, what's the process?
33:53 What is your debt history?
35:12 What do you see in the portfolio that are the major risks in the portfolio?
38:02 Who's an ideal investor for this fund?
39:32 Compare investing in this fund to a bond fund.
41:58 What should investors anticipate when it comes to the fund's performance?
44:08 Could you explain the new equity linked version of your fund?
47:55 Final thoughts.
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