Funding/Syndication
LeaseWave accommodates various funding models. Leases may be sold one-off by discounting all or part of future cash flows. Leases can also be packaged, such that a group of cash flows may be sold. In all instances, more than one participating funding source may be involved. Sold leases may be bought back and resold any number of times, as long as there are outstanding payments to sell. Specialized vendor-based funding where the vendor may participate in different ways is also managed.
In addition to sale-based funding, LeaseWave handles debt-based funding where future payment streams are collateralized for loans. The system manages associated loans, their repayment and interest payments. As in the case of sold leases, loans may also be repaid prematurely and new ones re-established against the same payment stream any number of times. All the relevant accounting behind each funding method is automatically carried out.
LeaseWave maintains each lease rental payment with its own balance
As long as there are outstanding balances, they can be discounted
Not all payments need to be included (for ex: upfront payments can be excluded)
Set up an unlimited number of participating funding sources
Each participating source can be associated with a different buy rate
LeaseWave automatically calculates requisite schedules against each source
Automatically reinstate lease into lessor’s books
The system automatically makes all adjusting accounting entries
Automatically adjust accounting to reflect sold lease that is serviced
Bill, collect and post payments on sold leases just like any other that are lessor-owned
Set up private labeled billing if desired
Generate appropriate payable entries on collections
Readily determine how much is owed to each funding source
An exclusive portal is dedicated to funding sources
Control and restrict the level of access given
Discount future streams to set up a loan against them
Automatically manage accounting behind interest and loan related entries