Coleman Church

What we want to do is help democratize the financial markets and tokenize all kinds of assets.

But we're working with our backer, just made some acquisitions with a couple of consumer loan businesses, auto loans and manufactured homes, mobile homes, for example.

This is a great story.

These two young guys in Dallas, they're working at JP Morgan.

And with their fourth bonus, they said, we're going to...

We're not going to blow it this time.

Let's buy some rental property.

And they couldn't find any rental property.

They were in Dallas.

So they just cold called like 250 mobile home parks and they found one, put in 50 grand, turned around, it was a $6 million trade.

They were going to do a bigger one.

And what they realized they were better off doing was revolutionizing the lending business for mobile homes.

Because guess who the biggest player in that is?

It was Warren Buffett.

So great business, obviously, high margin business.

But what I didn't learn until recently is that there is no refi on a mobile home.

And there is no lending available on a secondary purchase.

So if I take out a loan for my mobile home and then want to sell it to you, you can't get a loan.

You have to buy it for cash.

And if rates go down from eight to four, I can't refinance it.