Achieving a Higher Standard

By David • November 22nd, 2011

Recently Robert Buchanan and David Owen completed a series of courses and earned the Certified Private Lender Associate (CPLA) designation. The American Association of Private Lender (AAPL) is the national organization representing the private real estate lending industry. It is committed to servicing as a catalyst for growth by fostering awareness, promoting best practices, and enforcing a code of ethics. It’s principles – excellence, ethics, and education – are the cornerstone for success in the industry. AAPL members are leaders in the industry and embody the character, dedication, and experience critical for success.

AAPL has developed the CPLA Certification Program which is designed to provide a comprehensive overview of the principles and the federal laws and regulations surrounding private real estate lending. CPLA Certification is the first step toward achieving a professional designation with AAPL, and is a pre-requisite for achieving CCPL (Certified Commercial Private Lender), CRPL (Certified Residential Private Lender), and CPLFM (Certified Private Lender Fund Manager) professional designations. Pride of Austin is proud of our fund managers for achieving this designation as there were less than 20 lenders in the nation participating in this course.

AAPL is working on an accreditation program that would be an exhaustive audit of the accounting, policies and procedures of a fund and how it is managed. Once it is launched Rob and David will work toward achieving and maintaining that accreditation. All of us are committed to making Pride of Austin High Yield Fund one of the premier funds in America.

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