Corey Ribotsky on Real Estate
Corey Ribotsky, Managing Member of the NIR Group, probably knows a thing or two about the current real estate market. The NIR Group LLC, an Alternative Asset Management Firm, specializes in four areas: direct investments; commodities; structured finance and real estate.
The real estate section of the NIR Group mainly provides mortgages which are usually quite dissimilar to those offered by banks, insurance companies, etc. In other words, these mortgages are much more short-term. While the person who takes out such a mortgage will usually end up paying more they still remain popular. This is because people often want to “limit equity dilution that can come from involving an equity investor to provide the necessary funds.”
Corey Ribotsky and the NIR Group team have probably been following the news in the real estate market as well. A study showed that foreclosures were up 16 percent from the beginning of 2009 to the start of the following year. Maybe this company’s mortgages can assist people and prevent them from being foreclosed.