One of the biggest mistakes investors make is assuming that a higher projected return automatically means a better investment. It is an understandable assumption because yield is one of the easiest ways to compare opportunities, and investment sponsors naturally lead with the numbers that attract attention. Unfortunately, projected returns tell only part of the story. A higher yield does not necessarily mean a better investment. In many cases, it simply reflects that an inves

Most investors hear the word “collateralized” and assume it means they are protected. In many cases, that assumption is never really tested until something goes wrong. That is where the difference between perception and reality starts to matter. On the surface, it sounds reasonable. If a loan is backed by something, there should be a level of security built in. But in practice, that is not always how it works. There is a meaningful difference between something being labeled a