The transaction debt service coverage ratio (DSCR) was calculated from a three-month lookback window of cash flows, shorter than the ABS transactions pre-COVID 19.
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A revolving pool of business loans and merchant advances secures the deal, and the revolving period ends on May 31, 2029, about 36 months after the initial closing date.
3h ago
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BasePoint's technology system, including a proprietary database of historical loan performance data going back 15 years and overseen by 20 data scientists, enables it to fund borrowers daily and apply margin calls every five days.
5h ago
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The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent.
May 22
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Higher energy and commodity prices are intensifying headline inflation, which means inflation is headed is not headed in the right direction.
May 22
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Securitization market participants advocate for more inclusive structured credit indices to overcome the limitations of legacy benchmarks.
May 21
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A revolving pool of business loans and merchant advances secures the deal, and the revolving period ends on May 31, 2029, about 36 months after the initial closing date.
3h ago -
BasePoint's technology system, including a proprietary database of historical loan performance data going back 15 years and overseen by 20 data scientists, enables it to fund borrowers daily and apply margin calls every five days.
5h ago -
The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent.
May 22 -
Higher energy and commodity prices are intensifying headline inflation, which means inflation is headed is not headed in the right direction.
May 22 -
Securitization market participants advocate for more inclusive structured credit indices to overcome the limitations of legacy benchmarks.
May 21 -
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
May 21
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Three tranches of notes will be issued to investors, and the A2 tranche will issue the bulk of the debt, $613.7 million. Also, the notes have an anticipated repayment date of June 2031.
May 19
