[edsoyfer]

Life Capital is a direct lender that just rolled out a brand new funding program on 2nd and 3rd position deals with one mission: To make sure that our ISOs will always have an edge over the competition. Here is the breakdown of the rates the client pays on 2nd and 3rd position deals:

2 months:1.20
4 months:1.25
6 months:1.30

On first position deals we look at everything on a case-by-case basis so that means no strict underwriting guidelines, if the file makes sense...we fund it! Typically we go out as far as 12 months and the best part about our funding program is that it resembles a true credit line. Before the merchant qualifies for a renewal, we have the ability to give them additional money on top without even consolidating the balance. That means more commission$ for you!!!

Feel free to call me anytime if you have any questions or you can shoot me an e-mail eddiesoyfer@mylifecapital.com

[anonymous]

Safe to assume those are buy rates, correct? What is max upsell? What else aren't you telling us?

[FCF Fund]

Whats your max sell rate per tier on 2,4 & 6 month deals? Max funding amount?

[edsoyfer]

Probably should have clarified lol, these aren't buy rates, these are the rates the client pays. We pay a 6% commission for 2nd position deals and 5% commission for 3rd positions on the funding amount. On a 1st we will give you a buy rate with a 20% commission of the spread, i.e if the client borrows 100k paying back 140k you will get paid 20% of 40k which is $8,000. No cap on funding amount on any position.

[J.Celifarco]

Probably should have clarified lol, these aren't buy rates, these are the rates the client pays. We pay a 6% commission for 2nd position deals and 5% commission for 3rd positions on the funding amount. On a 1st we will give you a buy rate with a 20% commission of the spread, i.e if the client borrows 100k paying back 130k you will get paid 20% of 30k which is $6,000. No cap on funding amount on any position.

Why not just say same commission of 6% on 1st and 2nd positions instead of the long explanation that works out to the same 6%

[edsoyfer]

Well it just so happens that on the example I used it works out to be the same, but it does not work out to be 6% for every deal, that's why I said 20% of the spread. So if you up sell the deal at a 1.35 or a 1.40 the commission works out to be higher.