[quote=HLS]
While this seems eerily similar to old-fashioned subprime loans, Burkey says it’s not.

Burkey plans to originate the loans directly and hold them in his firm Burkey Capital’s investment funds. [/quote]

All this will hinge on the quality of borrowers Burkey gets. If he does plan to hold the loans, then chances are good he’ll really try to get good borrowers. If that’s true, then I don’t see it at all like old-fashioned subprime loans.