Notes Servicing (Sierra Crest Capital)

[Varinder Kumar]

 A friend of mine has purchased a 1st lien position performing note from https://sierracrestcapital.com. Has anyone heard of this company? and also what is their incentive to service notes. Basically my friend said Sierra will find the asset for you and they collect 5% of the monthly as a fee. Sierra does a contract for a one year or a few years and after the term is over you get your initial investment back (principal) and that's it. I am trying to figure out what the angle here is. and what is Sierra Crest Capitals incentive. Any feedback I would appreciate thanks.