Another explanation i desired to have a look it reminded me of the U-Haul Investors Club, which I had also never heard of and discussed back in episode 133 in November 2016 at it is. I thought which was form of a name that is strange. That you don’t think about spending with U-Haul. They feature guaranteed records. the moms and dad of U-Haul, Americo, which has U-Haul, they have an estate that is real, Republican Western insurance provider, and Oxford lifetime insurance provider.
And they’ve got over $150 million of U-notes that they issued.
The current the one that expires today is just a 2.5%, 2-year note, guaranteed by furniture pads and furniture dollies. It’s complete recourse, which means that then you have access to the company’s other assets if they default on the note and the furniture pads aren’t enough to pay back the lenders.