David Zalik creates winning formula with GreenSky Credit

When David Zalik was running his own e-consultancy firm, OutWeb, he started to notice a pattern with some of his home-improvement industry clients. Many of the nation’s largest home-improvement companies, like Lowe’s, Benjamin Moore and Home Depot, were losing large amounts of business at the point of sale. Zalik dug in a little further and discovered that even more business was being lost through contractors that usually buy supplies from these outlets. He started to zero in on the cause.

Bridge financing for retail customers

What Zalik found was that there were a large number of high-end home remodeling projects that were falling through due to the fact that the people trying to complete them had severely underestimated the true final cost of the projects. Over a period of months, Zalik started looking into this issue, doing in-depth research. What he found left him stunned. Zalik estimated that there were billions of dollars in home renovation projects being lost each year due to the customers simply running out of cash to complete their projects or not having enough to begin with. He saw a golden opportunity.

This was the original insight that led to the creation of GreenSky Credit. GreenSky Credit was founded as a way to help homeowners who were looking to complete costly and cash-intensive home renovation projects but who didn’t have the cash on hand to do so. One of the most brilliant aspects of the GreenSky Credit business model is that it only focuses on prime borrowers, most of whom are doing projects that will very clearly lead to added value on their homes. Although the loans themselves are mostly unsecured, Zalik realized that homeowners who have high FICO scores to begin with and who are seeing immediate boosts to their home values of more than the cost of the projects are extremely unlikely to go into default.

The lenders that GreenSky Credit partners with to extend these instant point-of-sale loans, therefore, are more than happy to offer some of the best loan terms in the business, including no payments or interest for the first year. Almost all GreenSky customers end up paying off their loans with no penalties.

https://www.linkedin.com/company/greenskyinc

Career Development of Sahm Adrangi

Sahm Adrangi serves as the chief investment officer of Kerrisdale Capital investment since 2009. The primary role of Adrangi is to manage the development strategies of the company. The firm kicked off with less than $1 million, and as of July 2017, the firm owned more than $150 million worth of assets. Adrangi established his name through short selling and publishing researches. Led by Adrangi, Kerrisdale gives its views on the stocks concerning underfollowed longs and overhyped shorts. Adrangi purposes to strengthen the firm’s fundamental business prospects. Kerrisdale educates the public about its researches through the company’s website, third-party related sites, and the Twitter.

Sahm Adrangi became famous through the exposure and getting rid of the fraudulent industries from China. Kirresdale purposes to produce experts in various sectors through taking researches on the development of multiple industries. The primary goal of Kerrisdale is to publish research development of biotechnology industries, like Zefgen, Unilife, Bavarian Nordic, Stage Therapeutics, Pulse Biosciences, and many others. Also, the company focuses on the mining sectors by practicing market evaluation on companies, like First Majestic Silver and Northern Dynasty Minerals. Adrangi publishes information on telecommunication industries, including Dish Network, Globalstar, Viasat Inc, and Straight path Communication.

As an activist, Sahm Adrangi streamlines the performance of various investment sectors. For instance, Adrangi was responsible for the optimization of the capital allocation policy and cash deployment of Lindsay Corporation management in 2013. Adrangi directs and manages creditor committees in bankruptcy and remodels the situations at Chanin Capital Partners. Sahm Adrangi graduated with the Bachelor of Arts in Economics from Yale University. Adrangi speaks in various significant meetings, like the Sohn Conference, the Distressed Debt Investing Conference, and the Value Investing Conference. The individual appears in numerous national publications, like the New York Times and the Washington posts. When the industries are free from fraudulent, people can invest in various sectors without fear.

https://www.youtube.com/watch?v=1KIJnG8kfW0