What has been your experience with Personal Guarantee insurance?

searcher profile

July 23, 2020

by a searcher from University of Dallas in Houston, TX, USA

For folks who have done loans that require a PG - what has been your experience with PG insurance?
- What is the maximum % of the coverage you have been able to obtain?
- What did your total default event risk come out to after acquiring the insurance?
- Do you feel the insurance is adequate to cover you in the event of default?

The PG seems to be a sticking point for a lot of searchers. No clear way to get around it.

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commentor profile
Reply by a searcher
from The University of Auckland in Los Angeles, CA, USA
I think there will be enormous demand for this product. I've looked for years. Closest I've found is www.lgisgroup.com for CRE but looks like min loan size = $5M. Investigating...
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Reply by a searcher
from Harvard University in Fort Wayne, IN, USA
I’ve been working with a broker on a PG insurance product. Please msg me if you’d be interested in learning more.
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