Overview of US Real Estate Lending Platforms (Online Lenders) - MonJa (2023)

Overview of US Real Estate Lending Platforms (Online Lenders) - MonJa (1)

In Commercial Lending, Featured, Marketplace Lending, Underwriting Automation by MonJa TeamLeave a Comment

Share on LinkedinShare on TwitterShare on Facebook

Let’s start with some of the reasons that lead to the hyper growth of some of US-based real estate lending platforms. Since the 2008 financial crisis, the whole dynamics of real estate lending has changed. The perennial sources of funding like commercial banks, insurance companies, and other traditional lenders have turned much more conservative when it comes to underwriting loans for real estate. The stricter regulatory restrictions imposed on commercial banks as well as Commercial Mortgage-backed securities (CMBS) and the introduction of high volatility commercial real estate (HVCRE) within the Basel III requirements have forced the traditional banks to a take step back from construction financing.

Having said that, the real estate construction sector is showing no signs of slowing down and in 2015 it reached a size of $1.113 trillion as per the U.S. Census Bureau. There was an evident demand-supply mismatch in the market that led to the rise of online real estate lending platforms.

Real Estate Bank Lending on the Decline

After the 2008 meltdown, regulatory authorities have really tightened the screws especially around real estate lending and it has had a significant impact on the banking industry. Banks have had to increase the interest rate as well as fees as per new regulations in an attempt to fend of non-serious borrowers and to avoid a repeat of the multi-billion dollar fines after the housing meltdown. An HVCRE rule has set the cat among the pigeons, as it requires banks to keep more capital reserves when a loan is categorized as HVCRE. Usually, corporate loans carry a risk weight of 100% but risk weight goes to 150% if it is a HVCRE loan. This automatically leads to the pricing of construction loan going up.

Alternative Solution

With the road to a traditional loan getting harder than ever before, real estate players were left with no other choice but to look out for other alternative options. Alternative or online real estate lending platforms are the perfect solution for the obstacles being faced by the real estate sector. One glaring advantage enjoyed by the alternative lenders over the traditional banks is that HVCRE rules do not imply on online lenders. Even though the cost of financing is higher but their flexibility, easy underwriting process and quick processing time more than make up for the high-interest rates.

The image below highlights the growth seen across board in the alternative lending industry in general and online real estate lending in particular.

Overview of US Real Estate Lending Platforms (Online Lenders) - MonJa (2)

Though the entire online real estate lending industry has been witnessing a steady growth in the last few years, but there are few real estate lending platforms that are cutting above the rest through their gravity-defying growth curve and reach.

  • LendingHome (https://www.lendinghome.com) –This real estate lending platform is a marriage of technology, data and operations where borrower and investors come together on a single mortgage platform. It has raised over $166 million in various rounds of funding and has originated loans in excess of $1.75 billion.
  • Sharestates (www.sharestates.com) – It is a real estate marketplace lending and investing platform that allows investors direct access to real estate investment, with typical returns between 8%-12%. It has so far funded $656 million.
  • Fundrise (https://fundrise.com) – Fundrise is a new kind of investment ecosystem that leverages the latest federal regulations to offer investment opportunities directly online. This incredibly efficient new model enables access to a diversified portfolio of private real estate assets with as little as $500. It has raised over $55 million and has invested $1.4 billion in real estate so far.
  • RealtyShares (www.realtyshares.com) – RealtyShares is a real estate crowdfunding platform that provides accredited investors access to pre-vetted real estate investment properties and an opportunity to invest as little as $5,000 into each property. It has raised over $100 million in various rounds of funding and over $500 million has been invested through its platform.
  • Patch of Land (patchofland.com) – it is a crowdfunding solution that uses latest technology and data to cut through the inefficiencies that has been plaguing the private real estate lending for years. This real estate lending platform has raised almost $25 million in different rounds of funding and has done just under$500 million in loan origination.
  • RealtyMogul.com (www.realtymogul.com) – RealtyMogul.com is an online marketplace for real estate investing, connecting borrowers and sponsors to capital from accredited and institutional investors.It has raised over $46 million in funding and over $300 million has been invested through its platform.
  • GroundFloor (https://www.groundfloor.us) – GroundFloor real estate lending platform connects real estate developers with individual investors. It is the first and only real estate lending marketplace open to non-accredited investors. In 2015, GroundFloor became the first issuer to be qualified by SEC for selling private real estate debt investments to non-accredited investors.
  • Allrise Financial Group Inc (https://allrise.us) – Unlike banks, it offers loans using private capital which are backed by real estate. Loan processing is quick and efficient. It offers loans even to individuals with low FICO score and for any kind of real estate project like fix and flip, commercial rehab or small business start-up and that too at very affordable rates starting from 8.95%. It has originated $ 162 million in loans so far and has a network of 169 borrowers in four different countries.
  • CrowdStreet (www.crowdstreet.com) – CrowdStreet is a software and services company disrupting the commercial real estate industry by enabling innovative real estate operators and developers to efficiently engage in online capital formation, communicate with investors, distribute investment documents and centralize ongoing investor relations. It has raised over $5.5 million so far and has done $155 million in equity loan funding.
  • Money360 (https://www.money360.com) – Money360 platform is an online marketplace for commercial real estate loans. Its lending platform enables the borrowers to access affordable commercial real estate loan options. The company’s total loan origination stood at $70 million in 2015. It has raised almost $165 million in debt financing from multiple investors.
  • Wealth Migrate (www.wealthmigrate.com) Wealth Migrate is an online real estate marketplace that allows users to crowdfund property suggested by the website itself. It enables investors to make both residential and commercial investments, dependent on the location of the investment. It has raised $5.6 million so far and over $64 million has been invested through its platform.
  • Roofstock (www.roofstock.com) Roofstock is an online marketplace that invests in leased single-family rental homes in a transparent, low-friction method. The company provides its clients with research, analytics, and insights to evaluate and purchase independently certified properties at set prices. It has raised over $68 million in funding.
  • PeerStreet (https://www.peerstreet.com) – PeerStreet is a crowdfunding platform that gives investors easy access to high-yielding loans that are collateralized with real estate. It has raised over $ 21 million in various rounds of funding.
  • Lendzoan (lendzoan.com) – it is a real estate crowdfunding platform that is helping in changing the face of real estate investing by bringing together borrowers and investors in a collaborative and trusted environment.
  • AssetAvenue (www.assetavenue.com) – is an online lender that is using technology to improve the way people borrow money for real estate investment properties. It has raised over $19 million so far.
  • AlphaFlow (www.alphaflow.com) – It is the first and the fastest growing automated real estate investment service. It has partnered with leading real estate lenders around the country and underwrites their loan based on 50 different factors. It managed to raise $6.4 million as seed funding from various investors notably Y Combinator, FundersClub and Red Swan Ventures.
  • Acquire Real Estate (www.acquirerealestate.com) – Acquire is a real estate crowdfunding platform for Accredited Investors. It pre-funds and co-invests solely in institutional-quality deals. It has raised $6 million in various rounds of funding.
  • EarlyShares (www.earlyshares.com) – EarlyShares is a crowdfunding platform that connects individual investors to a curated selection of vetted, return-driven real estate investment offerings. It has raised over $5.8 million in funding.
  • Fundthatflip (www.fundthatflip.com) – It is a technology-platform that facilitates financing of residential redevelopment projects. It provides basic screening and due diligence of each redeveloper and their projects before they are made available on its platform to accredited investors. It has raised over $2 million so far.
  • RealCrowd (www.realcrowd.com)Experienced commercial real estate investment professionals created this unique crowd based equity platform; its value proposition is to allow investors to decide where their money is invested by offering direct investment opportunities.It has raised $1.6 million.
  • DiversyFund (https://diversyfund.com)DiversyFund is a leading real estate crowdfunding platform where investors can gain access to investment opportunities of pre-vetted real estate properties. It has raised over $1.2 million so far.
  • EQUITYMULTIPLE (https://www.equitymultiple.com) is an online platform that helps investors diversify and grow their portfolio through streamlined access to pre-vetted commercial real estate investment opportunities. Platform has over $70B in combined real estate transactions.

Apart from the above-mentioned real estate lending platforms, there are plenty of other viable options also available in the market. These startups are on the cusp of a revolution as they change how business is done in a Trillion dollar industry.


Where can I get a crowdlending loan? ›

Here are some of the top platforms on the market right now.
  • MyConstant. Constant crowdlending platform, USA (source: myconstant.com) ...
  • Upstart. ...
  • Sharestates. ...
  • Prosper. ...
  • Groundfloor. ...
  • Funding Circle US. ...
  • Lending Club. ...
  • LendingHome.
9 Sept 2020

What is a platform loan? ›

referred to as “peer-to-peer” or. “platform” lending) is a relatively new kind of online lending. Marketplace lending uses online “platforms” to connect consumers or businesses who seek to borrow money with investors willing to buy or invest in the loan.

What are the 3 major categories of California real estate lenders? ›

Real estate lenders can be divided into three categories: (1) institutional lenders, (2) noninstitutional lenders, and (3) government- backed programs.

Is peer to peer lending legal in USA? ›

Because, unlike depositors in banks, peer-to-peer lenders can choose themselves whether to lend their money to safer borrowers with lower interest rates or to riskier borrowers with higher returns, in the US peer-to-peer lending is treated legally as investment and the repayment in case of borrower defaulting is not ...

Which is a major online P2P lender? ›

Prosper is our choice as the best overall P2P lender because of its available loan amounts and relatively low credit requirements. However, if you want a higher loan amount—or need more time to repay the loan—you'll need to find another lender or funding avenue, such as crowdfunding.

What is the difference between crowdfunding and crowdlending? ›

Crowdlending is a form of crowdfunding (debt-based crowdfunding) also called peer-to-peer lending. In this financing method, lenders raise funds from supporting investors with an obligation to pay them back in a specified time.

How do online lending platforms work? ›

P2P lending uses online platforms to directly connect people who want to borrow money with people who want to lend money. So instead of taking out a traditional loan from a bank or credit union, you borrow money from individual investors who are registered on a P2P lending platform.

What are the 4 loan types? ›

Listed below are four common types of mortgage loans for homebuyers today: conventional, government-backed mortgages, fixed and adjustable, and interest-only loans.

What is P2P lending platform? ›

Peer-To-Peer Lending (P2P Lending) 1.6 P2P lending is a form of crowd-funding used to raise loans which are paid back with interest. It can be defined as the use of an online platform that matches lenders with borrowers in order to provide unsecured loans.

What are the 3 lending channels? ›

The 3 Primary Mortgage Lending Channels: Banks, Mortgage Banks & Brokers
  • Commercial Banks and Credit Unions. ...
  • Mortgage Banks. ...
  • Brokers.
15 Sept 2021

What are the 3 C's of lending? ›

Character, Capacity and Capital.

What is a Tier 3 lender? ›

Tier 3 loans are perfect for SMEs experiencing cash-flow slumps from volatile or seasonal businesses. And they can often be had as IO (interest only) loans, ideal for short-term investments for Commercial Mortgage Lending or Property Development Financing.

Which states do not allow peer-to-peer lending? ›

States where there is No Lending Allowed: Arizona, Ohio, New Mexico, North Carolina, North Dakota, Pennsylvania, Texas.

What is the best peer-to-peer lending app? ›

6 best peer-to-peer lending websites
  • Best for new borrowers: Upstart.
  • Best for fair credit: LendingClub.
  • Best for good or excellent credit: Prosper.
  • Best for emergencies: SoLo funds.
  • Best for small businesses: Funding Circle.
  • Best for startups: Kiva.

How much can you make peer-to-peer lending? ›

With peer-to-peer lending, investors may expect to earn between 2% and 15%, depending on how long you are willing to lock money into loans and the type of loan. If you invest for a longer period and take on greater risk, a higher rate of interest could be expected.

How do P2P platforms make money? ›

P2P lending works as the much-needed mechanism through which people who want to give loans connect with those who require money. The borrowers pay interest, and the investors/lenders earn interest.

What are the risks of P2P lending? ›

3 Risks Of P2P Lending In India
  • Interest payment defaults. The borrower(s) may default on their interest payments. ...
  • Principal repayment defaults. There's a possibility of principal repayment default in certain scenarios. ...
  • Concentration risk. Lending a high amount to a specific borrower may be risky.

What is the difference between online lending P2P and traditional banking? ›

bank loans? The major difference between peer-to-peer loans and bank loans is who funds them. If the money comes from a lender who is an individual or a group on a web-based platform, then it's a peer-to-peer loan. If the money comes from a credit union, bank or another financial institution, then it's a bank loan.

What are the 4 types of crowdfunding that exist? ›

Here's what you should know about crowdfunding. Crowdfunding is when a “crowd” funds a project or business, rather than one or two major investors. There are four different types of crowdfunding: rewards, donation, debt and equity.

What are the three types of crowdfunding? ›

Types of Crowdfunding
  • There are three main types of crowdfunding: equity-based, donation-based and debt-based. ...
  • Crowdfunding is a scheme where projects, ventures or startup companies seek donations from the public.

What is the best platform for crowdfunding? ›

NerdWallet's Best Real Estate Crowdfunding Investment Platforms of November 2022
  • Fundrise: Best for Nonaccredited Investors.
  • RealtyMogul: Best for Nonaccredited Investors.
  • Yieldstreet: Best for Nonaccredited Investors.
  • EquityMultiple: Best for Accredited Investors.
  • CrowdStreet: Best for Accredited Investors.
5 days ago

Which online lending is best? ›

SoFi: Best for Online loans for excellent credit. LightStream: Best for online loans for good credit. Happy Money: Best for online loans for credit card consolidation. Marcus by Goldman Sachs: Best for online loans for debt consolidation.

What are online lending companies? ›

In its broadest sense, online lending is any kind of loan that's not directly from a traditional bank. A number of online lenders are often referred to as an online lender because they are an alternative to a traditional bank.

Which online lenders are legit? ›

Trustworthy Online Loan Networks
  • MoneyMutual. 4.8 /5.0 Stars. START NOW » ...
  • CashUSA.com. 4.7 /5.0 Stars. START NOW » ...
  • BillsHappen® 4.7 /5.0 Stars. START NOW » ...
  • CreditLoan.com. 4.6 /5.0 Stars. START NOW » ...
  • BadCreditLoans.com. 4.6 /5.0 Stars. START NOW » ...
  • PersonalLoans.com. 4.4 /5.0 Stars. START NOW » ...
  • CashAdvance.com. 3.9 /5.0 Stars.
9 May 2022

What are the 4 C's in lending? ›

Standards may differ from lender to lender, but there are four core components — the four C's — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.

What is a B2B loan? ›

B2B financing is simply financing available to companies that work primarily with other businesses. This covers traditional bank loans and a range of different funding and credit tools provided by alternative lenders.

What is a Type C loan? ›

What Is a B/C Loan? A B/C loan is a loan to low credit quality borrowers and borrowers with minimal credit history. This type of financing, which includes personal consumer loans and mortgages, is typically issued by alternative lenders charging high-interest rates and fees.

Who regulates P2P lending? ›

The P2P lending is regulated by the Master Directions for NBFC Peer to Peer Lending Platform issued by the RBI in 2017. Only an NBFC can register as a P2P lender with the permission of RBI. Every P2P lender should obtain a certificate of registration from the RBI.

What is P2P lending example? ›

Such, borrowings from P2P platforms are unsecured loans and interest rates are higher for borrowers compare to banks and NBFCs. Some of the P2P lending platforms are Faircent, OMLP2P, Lendenclub, Finzy, i2ifunding, Cashkumar, Rupeecircle, Lendbox, etc.

What is the primary mechanism of P2P lending? ›

Peer-to-peer (P2P) lending is a form of financial technology that allows people to lend or borrow money from one another without going through a bank. P2P lending websites connect borrowers directly to investors. The site sets the rates and terms and enables the transactions.

What are the 5 C's in lending? ›

Lenders score your loan application by these 5 Cs—Capacity, Capital, Collateral, Conditions and Character. Learn what they are so you can improve your eligibility when you present yourself to lenders. Capacity.

What are the 6 types of lending institutions? ›

  • Central Banks.
  • Retail and Commercial Banks.
  • Internet Banks.
  • Credit Unions.
  • Savings and Loan (S&L) Associations.
  • Investment Banks.
  • Brokerage Firms.
  • Insurance Companies.

What are the red flags in lending? ›

If you're considering going the alternative lending route, it's essential to understand some of these lending sources' downsides and red flags. Did you know?: Some factors that may keep you from securing a small business loan are poor credit history, low cash flow and too many outstanding loan applications.

What do lenders look for before lending money? ›

Lenders need to determine whether you can comfortably afford your payments. Your income and employment history are good indicators of your ability to repay outstanding debt. Income amount, stability, and type of income may all be considered.

What is a good credit score? ›

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

What are the six basic C's of lending? ›

To accurately find out whether the business qualifies for the loan, banks generally refer to the six “C's” of credit: character, capacity, capital, collateral, conditions and credit score.

What is a Tier 5 credit score? ›

“Tier 5 credit refers to people who have a credit score between 580 and 619. These scores are generally perceived as the second-highest risk to lenders. To offset this risk, lenders charge you a higher interest rate.

What is tier 1 and Tier 2 and Tier 3? ›

The takeaway. • Tier 1 – Partners that you directly conduct business with. • Tier 2 – Where your Tier 1 suppliers get their materials. • Tier 3 – One step further removed from a final product and typically work in raw materials.

What is the difference between tier 1 and 3? ›

In layman's terms, tier 1 companies are the big guns, and the tier 3 ones are the more modest firms. Over time, companies can move up the tiers if they fit the criteria. Now, let's explore the different tiers a little more. Tier 1 firms are the largest, wealthiest, and most experienced in the industry.

Why is LendingClub shutting down? ›

According to LendingClub's website, "Unfortunately, under a prospective banking framework, it is not economically practical for LendingClub to continue to offer Notes.

What are illegal lenders? ›

An illegal money lender is anyone who makes it their business to profit from lending money, but who is not licenced or regulated by the authorities. An illegal money lender might be a friend or acquaintance, or they might simply be someone known around your area for lending money.

What are the two fair lending laws? ›

The federal fair lending laws—the Equal Credit Opportunity Act and the Fair Housing Act—prohibit discrimination in credit transactions, including transactions related to residential real estate.

Which is the best app to get instant loan USA? ›

Top 5 Apps To Loan Money In USA To Lend Money 2022
  • Earnin.
  • Brigit.
  • Dave.
  • MoneyLion.
  • Chime App.
12 Mar 2022

What is the easiest app to get a loan from? ›

5 Loan Apps in 2022: Cash Advances and Overdraft Protection
  1. Earnin: Best for low fees. ...
  2. Dave: Best for small advances. ...
  3. Brigit: Best for budgeting tools. ...
  4. Chime: Best for overdraft protection. ...
  5. MoneyLion: Best for multiple financial products.
9 May 2022

Can you lose money in P2P lending? ›

One of the cons of P2P lending is that investors must rely on technology platforms to do some of their work. Though there are many highly reputable and easy-to-use P2P lending platforms like Bondora, investing through a platform carries the risk of loss due to fraud.

How do I start a peer-to-peer lending business? ›

8 Steps to Build a P2P Lending Platform and Start a Business
  1. 1 Choose the form of registration of your project at the government level. ...
  2. 2 Register your business name. ...
  3. 3 Decide on a domain. ...
  4. 4 Gather a team of specialists, including software developers. ...
  5. 5 Allocate capital for the project or raise money from investors.

How do I start P2P? ›

Getting started with P2P lending

Open an account with a P2P lender and pay some money in by debit card or direct transfer. Set the interest rate you'd like to receive or agree one of the rates that's on offer. Lend an amount of money for a fixed period of time – for example, three or five years.

› advisor › personal-loans › peer-... ›

The idea of P2P lending is to give borrowers access to funding through individual investors rather than traditional financial institutions or online lenders. In...
The way we borrow money and the way we invest money is changing. Back in the day, if you wanted a loan to pay off your car or credit cards, you'd go to a ba...
LendingClub has gone from a peer-to-peer lender to a full-service bank. Are its new loan and banking products worth considering?

Where can I borrow quick money from? ›

Let's walk through each option so you know what to consider before you decide if borrowing money is right for your financial situation.
  • Banks.
  • Credit unions.
  • Online lenders.
  • Cash advances.
  • Cash advance from a credit card.
  • Buy-now, pay-later apps.
  • 401(k) retirement account.
  • Family and friends.
29 Apr 2022

How do I get someone to lend me money? ›

Asking For Money As A Borrower
  1. Be Honest And Open. It is crucial you're being honest about why you need the money. ...
  2. Have A Plan In Place. Coming up with a plan of attack to solve your financial situation is an essential item on your to-do list. ...
  3. Put It In Writing.
12 Nov 2021

Can you still get ninja loans? ›

NINJA loans are issued by lenders who do not verify income or assets. They are risky loans that are no longer common, thanks to new regulations after the 2007-2008 mortgage and financial crisis. NINJA loans do not help financial institutions or consumers, so it is best to avoid them if at all possible.

How do I apply for a peer to peer loan? ›

There are three main steps: Open an account with a P2P lender and pay some money in by debit card or direct transfer. Set the interest rate you'd like to receive or agree one of the rates that's on offer. Lend an amount of money for a fixed period of time – for example, three or five years.

What apps let you borrow money instantly in USA? ›

5 Loan Apps in 2022: Cash Advances and Overdraft Protection
  • Earnin: Best for low fees. ...
  • Dave: Best for small advances. ...
  • Brigit: Best for budgeting tools. ...
  • Chime: Best for overdraft protection. ...
  • MoneyLion: Best for multiple financial products.
9 May 2022

What is the easiest loan to get approved for? ›

The easiest loans to get approved for would probably be payday loans, car title loans, pawnshop loans, and personal installment loans. These are all short-term cash solutions for bad credit borrowers in need.

What apps give you cash advance instantly? ›

Here are the top 10 apps for cash advances.
  • Earnin — Best for earning-based borrowing.
  • Chime — Best for overdraft protection.
  • Brigit — Best for same-day loans.
  • MoneyLion — Best for multiple options.
  • Current — Best for checking and spending.
  • Dave — Best for highest cash advance.
  • Empower — Best for quick cash advances.
20 Oct 2022

How do fraudsters get loans? ›

Traditionally, lenders protect their bottom line by deploying credit scoring systems. However, fraudsters have a way around this. They simply purchase background and credit information with pre-existing high credit scores for their applications. They will even pay for this using stolen cards, to avoid being tracked.

What is the fastest way to get someone money? ›

Best Methods for Quickly Transferring Money
  1. Zelle. Zelle can be used online, through the Zelle mobile app or through participating banks' online banking platforms. ...
  2. PayPal. PayPal lets you send, request or collect money online or with the PayPal app. ...
  3. Venmo. ...
  4. Western Union. ...
  5. Walmart2Walmart.

Is private lending legal? ›

It's perfectly legal for organizations other than banks and credit unions to lend money. However, private lenders still have to comply with the usury laws and banking laws of the states in which they operate. In other words, the rates that they're able to charge are regulated.

What is a Niva loan? ›

NIVA. No-income, verified-assets (NIVA) loans are similar to SIVA loans, except income is not added to the application. Instead, lenders may review assets such as retirement and savings accounts. NINA. NINA loans may be an option for real estate investors buying rental properties.

What is a Bridget loan? ›

Brigit is an app that provides paycheck advances of up to $250 without charging interest. It's a good option for anyone who needs an occasional emergency loan, but this convenience does come with a cost.

What is a Sisa loan? ›

Key Takeaways. A stated income-stated asset mortgage (SISA) is a type of Alt-A loan application that allows the borrower to declare their income without verification by the lender.

Which states do not allow peer-to-peer lending? ›

States where there is No Lending Allowed: Arizona, Ohio, New Mexico, North Carolina, North Dakota, Pennsylvania, Texas.

How much money can you make in peer-to-peer lending? ›

Peer-to-peer lending, in which investors make unsecured personal loans to consumers and are often rewarded with average annual returns of 7, 9—or even 11%, might seem like a solution to disappointing returns in other areas. But peer-to-peer lending is a risky investment.

Top Articles
Latest Posts
Article information

Author: The Hon. Margery Christiansen

Last Updated: 05/12/2023

Views: 5517

Rating: 5 / 5 (70 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: The Hon. Margery Christiansen

Birthday: 2000-07-07

Address: 5050 Breitenberg Knoll, New Robert, MI 45409

Phone: +2556892639372

Job: Investor Mining Engineer

Hobby: Sketching, Cosplaying, Glassblowing, Genealogy, Crocheting, Archery, Skateboarding

Introduction: My name is The Hon. Margery Christiansen, I am a bright, adorable, precious, inexpensive, gorgeous, comfortable, happy person who loves writing and wants to share my knowledge and understanding with you.