Here is a brief summary as well as a glossary that will help you use the summary report for hybrid financing programs.
Overview
As you know, our Hybrid financing programs allow providers to receive a small portion of their cash up front without losing the benefit of all of the interest income. The hybrid summary report helps providers understand how much time, if any, is remaining before HFD starts to deposit all of the collected principal and interest payments into their account. On the same token, it shows how much more money is remaining until the capital partner has met their return.
Frequencies:
Providers can be set up with an email subscription for the following frequencies:
- Daily
- Weekly
- Monthly
Glossary
| Field | Description | Example |
| Group ID | The grouping of loans that are being measured. | 2023-12-1234567 |
| Group Start Month | The month of the group of loans. | 2023-12 |
| Provider ID | The unique identifier of the provider that originated the hybrid loans. | 1234567 |
| Parent ID | The unique identifier of the parent entity that owns the provider that originated the hybrid loans. | 1234567 |
| Provider Name | The legal name of the provider location. | John Does Dental LLC. |
| Practice Name | The DBA (doing business as) name of the provider location. | Johns Dental |
| Months Since Start | The total amount of months since the inception of the loan group. | 7 |
| Hurdle Amount | Total Dollars Investor will need collect prior to 100% of the payments being paid out to the provider = (Price paid to Provider – Down Payment Collected + Origination Fee) * ROI for Program | $10,000.00 |
| Collected by Investor | Total Dollars as of report date that the Investor has collected from payments | $6,000.00 |
| Payments Per Month | The average amount of collected payments per month for the group. This helps you gauge the expected maturity date. Collected by Investor / Months Since Start. | $1,000.00 |
| Months to Hurdle | Based on Payments per month, the total number of months from start till the hurdle is reached. | 10 |
| Months Remaining to Hurdle | The number of months remaining from report date to reach the hurdle. | 4 |
| Cash Over Under | The amount of dollars over the hurdle or under the hurdle collected by the investor. Negative amount means the investor is still owed. A positive amount means that HFD owes the provider money. There can often be a temporary positive balance until HFD performs it’s monthly reconciliation. | ($4,000.00) |