Our firm is an existing commercial mortgage trust controlled by an experienced management team.
Our unique business model targets a demographic that no other financier does.
Our mission is to develop a dependable, reliable, and stable flow of capital to a sector that the US capital market is currently ignoring.
Our firm is an existing commercial mortgage trust controlled by an experienced management team. Originally conceived as a residential mortgage company in 1981, it quickly evolved into a commercial mortgage trust specializing in hotel loans. In 1995, an operating unit was formed specifically to trade non-performing mortgages. The unparalleled success of this unit created an additional base knowledge in the area of mortgage-backed securitization and created industry relationships now useful toward secondary market distribution and mortgage securitization. In 2015, we pivoted into focusing and providing financing to California-based technology service firms that specialize in providing personal computer access to the public. The digital divide in America and the cost of maintaining a PC at home has created very profitable tailwinds for our portfolio of store acquisition loans in this growing business opportunity. With the recent decline of PC sales worldwide and the explosion of growth in tablets including the use of personal cloud services, our firm is now the leading financier in to-store operators delivering this value proposition for customers seeking in-store hourly rental time on PCs. Customers that use this service have discovered that they can completely eliminate their entire home computer expense and use the extra money saved for other areas in their life.
Currently, we know of no other financier that targets this demographic. We finance the build-out and acquisition of each store by its general manager. We service each store acquisition loan in our business loan portfolio. In addition, the majority of the store visitors are repeat customers. Each store's operating expense ratio is about 35% of gross store revenue. Multiple revenue sources include time rental for basic computer services, Skype, movie streaming, gamer computer time, and virtual reality headsets. Free computer time is offered to all active and non-active military personnel and any local student that brings in a report card with an A average. Senior citizens also receive free time. All stores also offer free email accounts as a customer loyalty mechanism. Vending machines offering snacks for gamers and office supplies for customers are an important profit center for each store. Personal cloud accounts are available so store customers can have file backup and storage for new data. These accounts provide regular monthly store income based on their subscription model to the user. Printing and copy services provides an additional profit center for each store.
Our mission is to develop a dependable, reliable, and stable flow of capital to a sector that the US capital market is currently ignoring. We believe the time has come for hardworking families to have the same digital access that more affluent families universally enjoy. We also know that business loans made to our sector will provide a solid collateral foundation upon which we will then issue financial products that investors will demand as an integral component to their long-term portfolio.