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Re: StockLogistics post# 19645

Saturday, 06/19/2021 11:27:08 AM

Saturday, June 19, 2021 11:27:08 AM

Post# of 30742
Can not deny that viewpoint. This evidence is anecdotal, but when I bought my last property in FL last year, I discovered that rocket mortgage did not offer the best deals in the industry, and I went with a local lender. I also discovered that the major bank which I have used for over 20 years, which I have a great relationship with, excellent credit rating etc. is essentially not in the real estate lending business anymore in that they've increased their rates several points above their competitors. I've bought and sold many properties in my life, and this was a new experience, I learned that the landscape has changed.

Something very interesting is happening here. We have a 23 year old company, with a solid track record in the real estate lending business coming into a clean shell. Now we have learned that Miguel Sanchez via his linkedin landing page has a working relationship with Hines, an international industry leader. That is on top of his friendship with Tilman Fertitta, owner of the Houston Rockets among other things.

I will say this, you don't establish and maintain these types of relationships if you do not meet their standards. Miguel has already communicated with the common shareholders via email, and I think that's a great sign of things to come. Lets remember, he has friends who have run public companies, and I am sure he has prepared himself for this milestone in his career.