[godzillabrennus]

If I’m reading this right then the “loan originator” is both the recipient of the Capital AND the guarantor of the buyback if it goes south.

That’ll end well.

Looks like a brother system team that worked in construction and moved into lending:

https://www.revenue.land/grupeer-interview

[Animats]

That's always the problem with "guaranteed" loans. Who's the counterparty, how much money have they got, and how strong are your claims against them?

Trying to fund a guarantee with some clever trading strategy usually comes apart in the next downturn. See the history of "portfolio insurance".[1]

[1] https://en.wikipedia.org/wiki/Portfolio_insurance