There are a number of new loan packages available on Edge Tradeworks that include opportunities for participation and purchase. See details below on some of the current inventory including:
- Equipment Finance Loans to midsize businesses with 36-60 month terms ($3.9mm)
- Student Loans from a Credit Union originator ($100mm, Participation Only)
- Multi-Family Construction Loans from large, experienced originator ($306mm, Participation Only-Min $5mm)
- Multi-Family Construction Loans in stabilization ($89mm, Participation Only-Min $5mm)
- Hotel Construction/Renovation Loan for a well-known luxury hotel with high occupancy rate. Unlimited guarantee. ($37mm, Participation Only up to $15mm)
- High Coupon Small Business Loans ($7mm, Flow Agreement available)
- High-end Car Wash Loan 16 locations with experienced operator since 1982
- Manufactured Housing Loans (including Chattel) COMING SOON!
For assistance with these loans, please reach out to cakers@edgetradeworks.com.
Equipment Finance Loans ($3.9mm)
Loans secured by essential use equipment for mid-size businesses,
- Number of Loans 38
- Avg Coupon 9.10%
- Avg Balance $104,699
- Avg FICO 740
- Duration 1.28 yrs
- Weighted Avg Life 1.39 yrs
- Terms 36-60 months
Student Loans ($100mm Participation Only)
$4-$6 billion Credit Union originator is a very experienced student loan lender. Great demographics. This
participation-only opportunity is available in any combination.
Undergraduate Lines of Credit $42mm
FIXED RATE $11.7mm
– 10-year term
– Avg coupon 5.69%
– Avg FICO 763
ADJUSTABLE RATE $30mm
(PRIME +spread, quarterly reset)
– 20-year term
– Avg FICO 758
Refi Student Loans $61.5mm
FIXED RATE $56mm
– 15-year term
– Avg coupon 5.61%
– Avg FICO 775
ADJUSTABLE RATE $5.5mm
(PRIME + spread, quarterly reset)
– 10-year termAve
– Avg FICO 771
Multi-Family Construction ($306mm Participation Only)
Large Bank, experienced originator
- Number of Loans 8
- WAC (All Adj Rate) 6.23%
- Avg Balance $38.2mm
- Duration .12 yrs
- WAL 2.61 yrs
- Avg LTV 53%
- DSCR 1.52
- Min Participation $5mm
Multi-Family Construction in Stabilization
($89mm Participation Only)
Large Bank, experienced originator
- Number of Loans 2
- WAC (All Adj Rate) 6.27%
- Avg Balance $44.5mm
- Duration .15 yrs
- WAL 2.09 yrs
- Avg LTV 55%
- DSCR 1.54
- Min Participation $5mm
Hotel Construction/Renovation ($37mm Participation Only)
Unique opportunity to participate in a construction/renovation loan for a well-known existing luxury hotel with a high occupancy rate. Originated by a large US bank. Unlimited guarantee from a NYSE corporation that has been in business since 1936.
- New Loan $37mm
- Number of Loans 1
- Coupon 6.83%
- Term 10 yrs
- Amortization 25 yrs
- LTC 71%
- Prepay Penalty 5,4,3,2,1
- 1.3 DSC Covenant
- NAICS Code 721110 (non-casino hotel)
- Replacement reserve account for the life of the loan
High Coupon Small Business Loans ($7mm)
Strong origination and underwriting standards.
- Number of Loans 45
- Avg Coupon 13.86%
- Avg Balance $155K
- Avg FICO 748
- Duration .76 yrs
- Weighted Avg Life .82 yrs
- Flow Agreement available
High-End Car Wash Facilities ($1.7mm)
About the Company
- Professional and experienced operators since 1982
- 16 current locations
- 17,000+ unlimited wash members (recurring revenue)
- 750,000+ cars washed annually
- 95,000+ oil changes annually
About the Loan
- Strict underwriting standards
- Well collateralized
- Personal guarantee (FICO 796)
- Flow agreement possible
- Market rates
- 7-year final maturity
- 1.8 DSCR
- Level P&I payments