Cost of a Warehouse Line
Warehouse Lines have costs; some obvious, such as per usage fee, and the interest rate charged . Other warehouse line costs are not as obvious; the “haircut” (amount funded from your own funds prior to sale to end investor), reserve requirement (a “haircut” by another name), and non-usage fees- some warehouse loan facilities cost you even if you don’t use them!
At Warehouseline.Org, we have among the lowest “haircut”/reserve requirements in the industry, at a floating 1 percent of outstanding balance. Additionally, we have no non-usage fees or other junk fees. On top of all that, our rates and usage fees are among the lowest in the warehouse lending industry.
With Warehouseline.Org your warehouse loan facility can be a profit center instead of a cost center.
COMPARE THE COST OF YOUR WAREHOUSE LINE
First, click the gray “Click to Edit” button below and to the right. Then, select any yellow cell below and you can then enter your own data directly into each field. You will see in real-time the massive impact these small differences, when added up, can have on your bottom line.
