Facilities

3Jane funds each originator through a discrete facility — either a warehouse loan or a forward-flow program. This page covers the first live facility and how facilities are reported.

Live facility: LendSwift $10M senior warehouse

3Jane executed a $10M senior warehouse facility with LendSwift, a U.S. fintech lender focused on short-duration consumer-installment loans. USD3 and sUSD3 fund the facility, which carries a 15% coupon and is backed by a diversified pool of ~15,000 consumer receivables with a ~4-month weighted-average term.

Term	Value
Facility type	Senior warehouse
Facility size	$10,000,000
Advance rate	75%
Coupon (rate to facility)	15%
Net APY to lenders	~16%
Term	12-month revolving + 6-month amortization
Revolving period end	May 26, 2027
Final maturity	November 26, 2027
Minimum overcollateralization	33%
Underlying WAL	~124-day weighted-average term
Collateral	~15,215 short-duration consumer-installment loans pledged to a bankruptcy-remote SPV
Underlyer	Short-term installment / debt-consolidation loans up to $1,500 to underserved U.S. consumers
Credit enhancement	LendSwift retains 25% first-loss equity beneath 3Jane (1.33x OC)
Collections control	Deposit Account Control Agreement (DACA); tri-party
Surveillance	Weekly

Cash flow structure

The facility contributes a blended ~16% net APY. USD3 sits senior (~13.1% APY, ~64% of the stack); sUSD3 sits junior (~32% APY, ~11%); LendSwift funds a 25% first-loss layer beneath both, so defaults erode the originator's equity before either 3Jane tranche is touched.

How it works

1. Lenders → 3Jane. Depositors mint USD3 (senior) or stake into sUSD3 (junior). 3Jane allocates a portion of pooled capital to the LendSwift line.

2. 3Jane → SPV → LendSwift. Capital is committed through a bankruptcy-remote SPV. 3Jane holds the senior secured position; LendSwift retains first-loss equity. As LendSwift contributes eligible loans, it draws against the $10M commitment at up to a 75% advance rate.

3. LendSwift → borrowers. LendSwift runs the lending business — acquisition, underwriting, origination, servicing. 3Jane provides the balance sheet and monitors the collateral pool.

4. Borrowers → collection waterfall. Repayments land in a DACA-controlled account; senior interest and principal to 3Jane are paid first, residual to LendSwift.

5. Revolving period. During the 12-month revolving phase, eligible principal collections recycle into new advances. With a ~124-day WAL, the same committed dollar turns over multiple times.

6. Amortization & wind-down. After the revolving period, advances stop and collections pay down the senior balance through the USD3 / sUSD3 waterfall.

This opens mainstream consumer credit as a new, uncorrelated asset class for cryptonative capital — backed by diversified consumer loans rather than only cryptonative leverage demand. Across thousands of obligors, no single default moves the pool.

How facilities are reported

Every facility is surfaced with live performance data at app.3jane.xyz/info/pulls/fcc. Reporting includes:

• Aggregate KPIs — live facilities, committed capital, deployed capital, average utilization, average net APY, average credit enhancement (warehouse OC), weighted-average remaining term, and total underlying loans.

• Warehouse table — fintech, asset class, tranche, limit, drawn (+ utilization), APY, loan count, advance rate, maturity, and status.

• Forward-flow table — fintech, asset class, commitment, deployed (+ utilization), gross APY, loan count, net loss, servicer, term, and status.

• Per-facility detail — overview (OC snapshot, coupon, maturity, phase), composition (obligor concentration, geography, customer type, vintages), performance (delinquency buckets, vintage curves, roll rates, charge-off / first-payment-default / prepayment trends), liquidity (obligations due, collateral, collections, deploy runway), and terms (test parameters, haircut rulebook, triggers, servicers).

• Loan tape — where a facility publishes it, an anonymized loan-level tape (loan ID, origination, industry, principal, APR, days-past-due, state, revenue band) with per-loan payment schedules. Borrower identities are never disclosed.

Surveillance runs weekly; facility status reads Active, Watch, Trigger Tripped, or Default.

This is the first of several facilities. 3Jane is building standing funding rails for short-duration SMB and consumer credit originated by U.S. fintechs — warehouse, forward-flow, and unrated ABS compressed into one programmable conduit.