LENDER-TF24I10805EB000278
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Alternative_Lender
– Primarily makes loans in the $10-50+ million range, although they may consider slightly smaller
– Higher yield deals and lead and syndicate larger deals on occasion (e.g. a $150 million FILO in a bank facility).
– The pricing for their loans typically includes a cash pay interest of at least S+700, with most of their book pricing in the S+850 range.
– They are unable to offer payment-in-kind (PIK) only pricing.
– The majority of their deals are governed by a borrowing base structure, with 98% of their loans following this collateral arrangement.
– Generally, they require that the principal of the loan be sufficiently covered by the liquidation value of the collateral. However, there are cases where they may stretch outside the liquidation value if it aligns with the right credit dynamics and provides accretive economics (e.g. short-term cash flow airball).
– Agnostic towards industry, situation, and collateral type. They are interested in reviewing loan opportunities with an asset-based lending (ABL) focus, regardless of the industry or type of collateral involved. This includes working capital, machinery and equipment (M&E), real estate, brand names, and more.