ac170285__Business_Networking___EFactor__Responsibilities
[Title] Board Advisor [Company] PRIMARQ [Date Start] 03/01/2012 [Date Depart] current [Responsibilities] 
PRIMARQ is the next generation of residential real estate finance. For decades, the pursuit of the American Dream of home ownership has largely been facilitated by borrowing significant funds from banks and other lending institutions. Over the last five years, we have all seen the challenges and the damage done from excessive leverage to home buyers and owners, financial institutions and even the federal government. We, at PRIMARQ, believe that the method of financing a home purchase or accessing the equity in the home is in need of change. In response, we have developed a new capital exchange, where global accredited investors invest equity capital alongside home buyers in their purchase of homes as well as provide existing home owners a new avenue to monetize their equity by selling a portion of their residence. With transactions known as “equity sharing,” our market is a comprehensive system that enables private investors to provide funding to buyers and owners in exchange for an ownership interest in the home, rather than lending money against the current value and requiring monthly payments. The investor is motivated by the potential appreciation in value.
David Drake | Entrepreneur & Business Networking | EFactor
Responsibilities