Testimonials

Clients

"I found Deposit Alternative professional and the process easy; with little stress. Thank you."

Ed Earp - Operations Manager, California

"Using Deposit Alternative was the solution to enable me to achieve my real estate investment goals while still allowing me to keep my cash on hand to earn a higher rate of return! No doubt this will be the critical tool for investors at all levels to leverage their assets to maximum benefit. I highly recommend everybody consider this new and savvy alternative for all their real estate purchases. Thank You Deposit Alternative!!!"

Patrick Llewellyn - Mortgage Professional, Las Vegas, Nevada

"Deposit Alternative assisted me in purchasing a new condo in Arizona, and allowed me to still hold onto my own money, to use it in any way that is best for me. The employees of Deposit Alternative were very friendly and helpful and I would definitely use their services in the future."

Steve - Chicago, Illinois

"My group and I really appreciate your help and service in getting our Deposit Bonds for the purchases of property in Australia….. I found out about Deposit Alternative from my realtor in Australia so I had an idea of how it worked. My partners and I like the Deposit Bond approach, especially for long term construction projects. A group of individuals did not have to outlay as much funds to control two units for a long period of time…"

John “Randy” Wedum – Architect, Aspen, Colorado

"I was on location in Costa Rica finishing a commercial real estate development when I found the condo that I wanted to buy in Vegas. The team at Deposit Alternative worked with me to put a deposit bond in place that allowed me to conserve my cash and use it on my Costa Rica project. They were very accommodating and creative in working with me from another country."

Benjamin Hadary - Developer, Galeria Conchal, Guanacaste, Costa Rica

Developers

"Noteware Development in conjunction with the Sevilla project in Phoenix and Brickwater condominiums in Las Vegas accepts deposit bonds from Deposit Alternative."

Jim Noteware - Developer

"Gemstone Development, the developer of the MantattanWest project, located in Las Vegas is using Deposit Bonds as an acceptable method for the purchase deposit required under our Purchase and Sale agreements.

Our buyers have responded well to the idea of Deposit Bonds. Even if they have the funds to pay cash for an earnest deposit, they realize that this is a cost effective way to secure the property. I thoroughly recommend the product. "

Alexander Edelstein - CEO, Gemstone Development

"They assisted us greatly with our sales in Australia, with issuing bonds that greatly assisted fore the successful marketing campaigns for Altitude, Zest, Volt and Aura within Australia and their assistance achieved very good volume levels there. They proved to be extremely helpful, efficient and diligent in the reviews and approvals of our bond deposit purchasers, and there after sales/settlements assistance was indeed greatly appreciated.

The deposit bond product is accepted by all the primary mainstream lenders such as the major for trading banks, ANZ, Westpac, NAB, Commonwealth Bank within Australia and New Zealand. Deposit bonds are very simply standard procedure within Australia and New Zealand and are all very much parts of our landscape."

Robert Holden – Director, Conrad Properties Limited

"Constellation Property Group is using Deposit Alternative's Deposit Bond program on our projects “Lumina Tempe” In Tempe Arizona and “STAR Riverside, in Austin Texas.

We are Great supporters of the Deposit Bond product and highly recommend it. It provides a cost effective way for a buyer to secure property now and it provides us comfort in knowing that the buyers use a deposit bond having been independently qualified by Deposit Alternative on their ability to close on the purchase."

Eugine Marchese - President, Constellation Property Group

Development Financiers

"Scott Financial Corporation has recently discovered a viable tool to assist the Lending Industry in improving commercial real estate underwriting by enhancing the required sales deposit amount requirements.

It truly is win-win-win. The Buyer, for a small fee, can better manage their cash required upfront for the deposit until their real estate closing.

The Seller/Developer can require a larger amount upfront in the sales deposit, while providing a vehicle to fund the increased amount.

Finally, the Lender has improved underwriting; by obtaining increased non-refundable sales deposits facilitated through the insurance bond.

The application process in the underwriting goes a long way iun qualifying the buyers for the Project.

As lenders continue to require larger non-refundable deposits for sales or upgrades; this vehicle offered by Deposit Alternative will have increasing use in the lending industry."

Brad J. Scott - Development Financier

"ANZ has provided funding to developers who have accepted Deposit Bonds in support of "off the plan" sales contracts. Of the available Bond products in the market QBE is an appropriately rated underwriter to the satisfaction of ANZ."

Tony Murray - Head of Insurance Risk, ANZ Insurance, ANZ Bank Australia

"St. George Bank accepts Deposit Bonds as a Legal form of deposit in regards to the purchase of a residential house or unit."

Bradley J Squire - Executive Manager, Credit & Administration, St. George Bank

"It is common practice for the Bank to recognise as a constituating valid deposit, a Deposit Bond."

Mario Caleite - Director, BankWest