From his triple position at New Residential, Michael Nierenberg managed to elevate the firm to new heights of success. He has the roles of Chief Executive Officer, President and Chairman of the Board, with the first two being assumed by him in 2013, and the latter coming 3 years later, in 2016. Michael Nierenberg continues to utilize various investment strategies in many areas, with his aim being to generate returns throughout many interest environments. His strategies employed by him at New Residential seek to generate strong returns that are also risk-adjusted, with him investing in assets that can create steady cash flows for the long run, but which also use conservative capital structures.
His approach to investment earned him his reputation, and turned him into a pioneer when it comes to investments in Excess Mortgage Servicing Rights. Other areas of interest for Michael Nierenberg have been investments in serving advances, consumer loans, and residential securities which are mortgage-backed. In addition to his investment strategies that pushed him and his firm to new heights, Michael Nierenberg also managed to change the way the investment landscape looks like when the firm that he is currently at the helm of was listed on the stock market.
Today, David Zalik is featured among top billionaires by the Forbes magazine. He was born in Israel and later moved to the US when still young. Soon after completing primary school he enrolled at Auburn University. He never attended high school education. His desire to date college ladies fuelled the entrepreneur skills. When still in university he decided to involve himself in computer assembling business. Business was doing great and soon after he dropped out of school so that he could focus on his business. He established a company by the name MicroTech which he later sold in 1996 and moved to Atlanta.
David Zalik decided to invest his fortune in real estate business. His investment grew and felt the need to explore new ideas. The established a web and mobile-development consulting firm called Outweb. It is out of the consultations with his clients that the idea to start GreenSky Credit was born. Zalik is currently the CEO of GreenSky LLC. The company was established in 2006, and its main operating base is in Atlanta. Recently, the company was listed among the top financial technology company in the US. The company facilitates the issuances of loans to clients through the use of technology. Through their platform, they can sign up merchants/clients and link them to willing banks and other financial institutions for loans.
Today the company has employed around 650 people. Besides the company has facilitated billions of loans. Zalik feels that by 2020 the company will have hit the $20 billion goals. The primary source of income is from originating and loan servicing. In September 2016 Fifth Third Bancorp, a bank in Ohio, partnered with GreenSky and also bought a stake worth $50 million. However, David Zalik still owns more than half of the company. According to him there no plans for floating share for the public. It is the same year that he was awarded the National EY Entrepreneur of the Year Award in Financial Services. Making it this far has not been an easy journey. David Zalik has attributed his success to hard work, determination, and innovation.
While I may prefer to be modest by not making the categorical statement that stock-based loans from Equities First Holdings are the best at the moment, this brand of loans has some outstanding advantages rare to by. The company came on board only 14 years ago, but its impact has taken a global dimension. From Indiana, USA it has spread to many prominent cities in the world, the likes of London, Bangkok, Hong Kong and Sydney to mention just a few.
Many businesses at the point of collapse were literally resuscitated with the help of stock-based loans. Previously, these businesses had attempted getting loans from banks and other conventional lenders to no avail as the collateral was just beyond their reach. No one can tell how many would-be businesses that could not see the light of the day because the capital to run them was not forthcoming. Stock-based loans are helping to break this yoke by requiring only stocks or shares as collateral for loans. The criteria are not burdensome, and many business persons and organizations have been taking advantage.You can also visit their official website: http://www.equitiesfirst.com/
The issue of outrageous interest rates on loans provided by banks and other conventional lenders has been a torn on the skin of individuals and business owners. Many businesses have collapsed under the weight of these huge interest rates. How could a company make progress when almost all its profits are used to pay interest leaving the company with little or nothing? Stock-based Loans issued by Equities First Holdings is helping out in this regard. The company operates fixed, low and affordable interest rates, generally below 5 percent. This is about the least rate anyone can get today. Hardworking business persons will definitely thrive when interests are at the minimum.The above points are only a few of the benefits of stock-based loans from Equities First Holdings. Little wonder, clients regard them as the best when it comes to business financing solutions.