Burnside: LendingPoint's Early Loans Carried 20% to 23% Rates Over 3-4 Years
Tom Burnside · LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans · Apr 7, 2022 · at 4:54
Tom Burnside, CEO of LendingPoint, breaks down the platform's initial loan structures and interest rates in 2014.
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“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.”
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