Baxter Lanius
person on 1 show · 7 statements across 1 episodes
On the record as a speaker too: Baxter Lanius across every show, appearances and statements → this page counts the times other people say the name.
7 statements about Baxter Lanius, every show
Lanius expects Alternative to earn mid-20s IRR with a 10% net spread
“So we'll be able to earn probably mid, mid, mid twenties. And so our spread on our business is, you know, call it in a conservative manner, about 10%.”
Lanius: Alternative's blended debt cost of capital is 10% to 13%
“So the senior is just under 10% blended is to your .10 to 10 to 13.”
Lanius personally invested directly in Alternative's junior debt tranche, bypassing equity
“My own personal capital is also in the junior tranche, not through the company.”
Lanius: Fintechs should not always maximize their available debt leverage
“Taking out, you know, as much leverage as what's available to you is not always the best strategy.”
Lanius: Alternative Chose an 80% Advance Rate Despite 90% Option
“Our advance rate is actually at 80% for a number of strategic reasons, but yeah, we had the ability to go up to 90%”
Alternative secured a credit facility with zero unused line or upfront fees
“And we ultimately don't have unused fees on our credit facility. So, you know, we have a basically a flat rate associated with deployed capital. There are no upfront unused fees and incremental spend, which I think you see in most obviously typical and traditi…”