Is this a REIT?

No. In a REIT the investor invests in a company = No real control (you have to trust the managers). In this situation the investor invests in the actual mortgage = Total control of the asset.

How exactly would the investment happen?

Here is a scenario:

-SLM originates a loan.

-The loan closes in SLM name.

-SLM will show all loan docs to a potential mortgage investor.

-If the investor is interested in that deal they will indicate interest.

-The mortgage is then "assigned" to the investor through a title company.

-This is exactly how one large bank assigns a mortgage to another.

-The mortgage assignment is recorded with the county where the property is located.

-The investor now has complete control of the mortgage and the property.

-Monthly payments will be made to the investor by SLM.

-If the property goes into foreclosure the investor can either keep the property or sell the mortgage back to SLM at face value.

What information will you need from each investor?

-We need to qualify each investor as "sophisticaed" from a SEC perspective.

-We need to vet investors from the "patriot act" perspective.

-We prefer familiarity with investors on our deals, so please supply:

-Telephone contact

-Background data on individual or entity interested in doing deals.

Tell me more information about Savanna-La-Mar Financial?