Donna M. Mitchell

The dental and medical spa industries accounted for 60.1% and 26.0% of the deal's balance.

Residential, business and carrier customers represented 37.2%, 32.8% and 30.0%, respectively, of revenue from the last 12 months.

Oxford requires that 91% of the supporting loans have interest payments on a floating rate index or a floating rate option, but new loans face requirements to mitigate the risks of yield shortfalls.

Agora started out by providing independent and franchise dealerships with an online platform to manage their retail installment sale contracts (RISCs).

The transaction's senior, interest-only tranches, which are also initially exchangeable, pay a coupon of 0.50%.

The transaction will issue about 10 classes of notes, composed of one term bond and nine serial bonds.

Indexed to the one-month, I-Curve, yields are expected to range from 4.60% on the A1+ rated, A1 notes to 6.22% on the BBB-rated, class D notes.

The rating agency said 82 of the 114 loans, representing 76.4% of the portfolio's value, have final balloon payments.

Southern Auto Finance uses a heavily automated origination process that puts applicants through several rounds of vetting, including income and employment verification.

At any point during the revolving period, the issuer might upsize the current notes to a $500 million limit.

The collateral's annual percentage rate, loan-to-value and debt-to-income rates all decreased compared to the PART 2024-2 transaction.

Among its structural strengths, DEFT 2025-1 includes a non-declining reserve account representing 1.0% of the pool balance.

Yields, are expected to come in ranging from 4.4% on the class A notes, to 4.5% on the class A4 notes.

A vast majority of borrowers have either graduated from one of MPOWER's eligible graduate degree programs in science, technology, engineering and math (STEM) or business.

EFF 2025-2 will allocate revenue collections to the notes on a pro rata basis between the class A notes and the seller's interest after overcollateralization reaches its target.

The sponsor launches the deal after a period of increased originations in marine and recreational vehicle loans, will secure the notes.

The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.

The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.

Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.

Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%.