DFX Intelligence
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Borrower
i•••• R••••••••
Real Estate Development & Management Rate S+6.00%, 3.75% Floorgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 99¢ · 99¢ · 100¢Q4 2022 to Q3 2024
Principal held
at least $6.5M
sum of BDC pieces, a lower bound
Fair value
$6.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Dec 31, 2024
$6.5M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
2
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | $6.53M | 100¢ | +1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••• P•••• S•••••••• L•••••• F••• | delayed draw term loan first lien 1st L•••/S•••••• L•••• I••••••••• 1st L••• D•••••• D••• T••• L••• I••••••• Real Estate D•• | $6.5M | $6.4M 100c | S+600 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien delayed draw term loan first lien exited Sep 30, 2024 | at least $6.5M | 100c | S+600 bp | Dec 31, 2024 | 1 |
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, 2024 | 1 | $6.5M | $6.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $6.5M | $6.4M | 99c | 0 |
| Mar 31, 2024 | 1 | $6.5M | $6.4M | 99c | 0 |
| Dec 31, 2023 | 1 | $6.5M | $6.4M | 100c | 0 |
All 5 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1 | $6.5M | $6.0M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- I•••• R••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Real Estate Development & Management Rate S+6.00%, 3.75% Floorreportedas one filer wrote it