DFX Intelligence
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Borrower
S•••••••• M••••••• A•••• R••••••••• T•••• 2••••••••
group grade Aon a schedule nowsponsor unattributed
Also written as: ABS
Principal held
at least $4.2M
sum of BDC pieces, a lower bound
Fair value
$8.3M
107c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Mar 31, 2025
latest Jun 30, 2026
Events
1
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $4.2M | 107c | 7.30% | unstated | 2 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•• F• I••••• T•••• | unstated lien unstated | $1.3M | $1.2M 99c | 7.30% |
| K•• F• I••••• T•••• | unstated lien unstated | n/a | $348,000 96c | 0.40% |
| K•• F• I••••• T•••• | unstated lien unstated | n/a | $2.4M 122c | 1.40% |
| K•• F• I••••• T•••• | unstated lien unstated | $1.3M | $1.2M 96c | 7.30% |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | n/a | $1.4M 122c | 1.40% |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | n/a | $209,000 96c | 0.40% |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $801,000 | $749,000 96c | 7.30% |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $777,000 | $746,000 99c | 7.30% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 2 | $4.2M | $8.3M | 107c | 0 |
| Mar 31, 2026 | 2 | $4.2M | $9.5M | 117c | 0 |
| Dec 31, 2025 | 2 | $4.2M | $9.7M | 112c | 0 |
| Sep 30, 2025 | 2 | $4.2M | $9.7M | 109c | 0 |
| Jun 30, 2025 | 2 | $4.2M | $9.8M | 103c | 0 |
| Mar 31, 2025 | 2 | $4.2M | $9.7M | 100c | 0 |
What changed
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025 NQM1derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived