Asset Valuation

See the Asset Valuation Methodology section for more information

Real-estate asset values are established using third-party verified replacement value appraisals that are discounted based on a liquidity/risk score to ensure collateralization levels of 200% to 400% of the real-estate asset fair market value. We also limit the amount able to be borrowed up to 50% of the discounted value. This approach makes it clear and easy for asset owners and lenders to understand our valuation methodology and ensures that the loans given against assets are secure. And it is further our opinion based on surveys that this methodology is competitive in the market and acceptable to asset owners in our initial target class.