GreenSky Credit Strengthens its Relationships with the Small Financial Creditors

There is nothing as frustrating as being subjected to tedious processes of loan application, especially when you need the fund for emergency purposes. This has happened to many people during their borrowing process, which in some instances have distracted the progress of the borrower’s projects. If this has ever happened to you or your friend, or even a relative, then your worries should cease immediately. This is because GreenSky Credit has invented a new online platform that connects the customers directly to their financial lenders, which enables their loans to get processed and approved within the platform and within a short period, their borrowed funds remitted into their banks. All this happens without the customers moving an inch. They only need to have a smartphone or a computer and some internet and all the processes done in the comfort of their houses.

GreenSky Credit has been in operation for more than a decade, and since its foundation, the organization has continued to show remarkable growth that can be attributed to many factors. The company, being a financial institution, does not offer credit facilities to individual customers. Instead, they support the lending institutions and other creditors in their operations by offering financial support to them, hence boosting their capacity to lend more to their borrowers and also to a larger number of customers. The most impressive bit about the new platform that GreenSky Credit has adopted is that customers of the individual lending firms do not need to visit the firms for them to access the credit. They have provided a utility that enables them to visit GreenSky Credit’s website, and all the required processes and approvals are done online.

The current CEO of the firm has also been a critical success factor for the firm. Through his proficiency in credit and debt management, David Zalik, who also owns more than half of GreenSky Credit, has managed to spearhead the company’s growth to the extent that it has been named one of the best lenders in the US. Zalik has also motivated his junior staff to establish strong relationships with the small financial lenders so that they can leverage on their customer base.

https://www.cnbc.com/2017/05/25/how-greensky-billionaire-david-zalik-built-a-tech-empire-from-age-14.html

Sahm Adrangi: St. Joe’s Development At a Standstill

For Sahm Adrangi, predicting failing businesses is a not a new concept to him. The Chief Executive Officer of the private investment firm Kerrisdale Capital has made quite a name for himself by short-selling companies that were on the verge of collapse. This has managed to make the savvy investor a lot of money over the course of his career. When Sahm Adrangi shorted a number of countries that were trading in the United States but based in China, he gained a lot of attention throughout the investment world. Despite his young age, he managed to research and bring to attention companies that were defrauding their customers and their investors.

One of his latest short-selling endeavors is the land developing company known as St. Joe. Located in Florida, they have been making plans to develop a large, swampy area located in the central area of the state. These plans have been around since at least a decade ago and there has been little way in development since then. Sahm Adrangi does not believe that their plans to turn a tract of desolate swampland into a thriving community built around retirees is ever going to happen as they are saying it is.

Their investors have been waiting for a return for years and Sahm Adrangi does not believe it is ever going to happen. While the St. Joe Company has been pushing back deadline after deadline, not much has happened in the way of filing permits. St. Joe has a current valuation of just around a billion dollars. Sahm Adrangi does not believe that this is anywhere near accurate because to achieve these numbers they would have to sales records for the next fifty years that were higher than the rest of the country. It just does not appear that St. Joe’s planned community will ever reach the potential that investors were told that it had.

With SEC compliance evaluations coming up it really does not look good for their investors. One of their largest shareholders is most likely going to be forced to sell half of their shares of St. Joe’s.

https://www.benzinga.com/topic/sahm-adrangi