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  • iamthelaw1211 iamthelaw1211 Mar 13, 2008 3:11 PM Flag

    Josh Peters

    CSE has a huge rediscount portfolio in FL, and NV. Why would you invest in a firm with land loans and lot loans in FL (huge concentration) as well as condo conversions in a multi-billion CRE portfolio in reserve status with limited take out and no personal guarantees.

    They do lot loans in the Bahamas..DOG

    SELL SELL SELL!!!!!!!

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    • I am not sure what you are talking about. Can you reference your source of information? \

      Rediscount as I understand it is loaning money to other financial institutions. CSE is very dilligent in monitoring these institutions and their ability to pay and quickly (some would say over aggressively) acts to not lose money at the first sign of trouble.

      With regards to commercial finance lending on condo conversions, CSE pulled back from lending on those in 2006 and has experienced their typically low default rates on these loans.