LendingPoint

“We're making money. We'll, we'll make a hundred plus this year. A hundred million net. Yeah. A hundred, a 120.”

“Here in 2021, we were at about three hundred and thirty million. ... This is basically, this is our net revenue, right?”

“We can easily get to a billion to 1,000,000,005 with what we have right now. It's a combination of warehouses, ABSs, forward flows, you know, bank commitments, things of that sort that make that happen. But you know, we know we can get to at least a 1,000,000,…”

“And the average transaction today is about 11,000, right? So it's moved from the 5000 days to about 11,000 today.”

“Right now about 25 to 30% of our base runs in renewals, just renewals alone.”

“Now that that market goes all the way up to 50,000.”

“And we have about five different buckets of credit grades or risk, right? And we, but we now are up to 400 different pricing points with inside of those grids.”

“We started off at around a 10% cost of funds on our own.”

“I think we gave up a one percent in the first year to get a, to get some of the good deals.”

“We grew a 144% year over year, 20 to 21. ... We went to 2.1 billion And 21 which is a, you know, a huge you know, a huge growth, but we slowed down a little bit during COVID in 2020. But then we had, you know, just significance would close a little under a bil…”

“You know, today we fund all, you know, all credit bands from, you know, from five 50 all the way up to eight 50.”

“Well, we bought a point of sale company, and so things moved, changed a little bit when we bought the point of sale. We bought the point of sale company we were able to move to seven and 10 year paper for home improvement. So we're in the home improvement spac…”

“So that money keeps going back into the organization and we have taken no secondary. We have poured all the money back into the company to keep the copy growing.”

“And we'll be around six hundred million this year.”

“Typically the average price back in the back of those days was about 20 to 23% weighted average coupon, if you think about it in that particular way. And it was typically over three to four years is what we were doing.”

“I mean, it wasn't until you really cross over a half a billion dollars of originations a year. Until pricing really starts to come of real scale.”

“We hit that in twenty-nineteen.”

“The team we have here raised about two hundred and twenty million dollars of friends and family just really no outside rounds, but friends and family, we raised that over, Yeah. Over about probably four or five different tranches that we re-raced it, but we di…”

“Our first institutional raise didn't actually happen until 2020.”

“We're a little over 300, right, right at 300 and we've serviced about four 50 in total.”