DFX Intelligence
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Borrower
F•••• R••• E••••• P•••• A••••••••• L•
group grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Principal held
at least $11.6M
sum of BDC pieces, a lower bound
Fair value
$11.9M
103c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Apr 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Sep 30, 2025
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $11.6M | 103c | SOFR+700 bp | Apr 1, 2029 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| R•••••• E••••••• I••••• F•••• L• | term loan first lien F•••• L••• S•••••• D••• Investment T••• F•••• L••• S•••••• D••• Ref 1M S••• F•••• 0.00% I• | $11.6M | $11.9M 103c | SOFR+700 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 1 | $11.6M | $11.9M | 103c | 0 |
| Jun 30, 2025 | 1 | $14.3M | $14.3M | 99c | 0 |
| Mar 31, 2025 | 1 | $20.1M | $20.4M | 102c | 0 |
| Dec 31, 2024 | 1 | $20.1M | $20.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- F••• REAL ESTATE P•••• ASSOCIATESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived