Credit Crisis Fuels 131 Increase in Private Lending Since 2005
In a 2005 survey, 10.3% of Guidant's self-directed IRA clients indicated they were currently investing in notes and/or loans. In 2007, however, 23.8% of Guidant clients directed their retirement savings into notes and/or loans, indicating a dramatic increase in private lending in just two years.
"This increase in private lending is really a matter of supply meeting demand," says Guidant's CEO and Co-founder David Nilssen. "In 2005, institutional loans were made freely to both qualified and unqualified borrowers. Today, however, the lending and housing climates have changed dramatically. Today, people are losing their homes and are unable to refinance through traditional mortgages. Self-directed IRA investors see the need for private loans and are taking advantage of the current economy to the benefit of their retirement savings."
Guidant's self-directed IRA enables investors to direct their tax-deferred or tax-exempt retirement savings into both the securities market and non-traditional investments such as real estate, tax liens, private loans and foreign property.
About Guidant Financial Group
Guidant Financial Group is the premier provider of self-directed IRAs and business-funding solutions through IRAs and 401(k)s. Guidant's services allow investors the freedom to make investments in real estate, franchises, businesses, tax liens and more by accessing their retirement accounts without penalty before retirement age. For more information on Self-directed IRAs or Small Business Financing please visit www.guidantfinancial.com.
Credit Crisis Fuels 131 Increase in Private Lending Since 2005
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