Enter PRIMARQ. While our grander mission is to funnel equity funds into the housing finance space, which desperately needs non-debt sources of funding, our business model allows for those that invest in passive equity positions alongside homeowners to return to our market and sell such positions back to other investors in our market, supported by updated valuation data so that the trades would be accomplished with the support of current information and market pricing. Thus, an investor who desires to have exposure to real estate, but dislikes the historic illiquidity, can participate in the asset class and have the ability to monetize the position without the property being sold or refinanced. Thus we bring "liquidity" to an "illiquid" space.

In the case of PRIMARQ, we have structured the investment to be analogous and complementary to a homebuyer's contribution of down payment funds to purchase a home. A down payment, i.e., equity investment in a real property asset, is not construed as a "security". Our structure has been designed uniquely to have the investor be treated as a direct yet partial owner of the real property asset, while providing some legal separation from the underlying mortgage liability.

Lastly, included in our structure, is the provision that the PRIMARQ "PREIT" investments can be resold into our market, thereby achieving liquidity without the underlying property being resold or refinanced.

Let me know if you have further queries. Would be pleased to respond.