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Security Token Market

North America Rent Financing Platform Senior Secured Term Notes Token

PC0000031

Price
$1.00 USD (0%)
24h Volume
0.00
Market Cap
$180,500,000
Last Trade
February 22, 2025
Last Trade
February 22, 2025
North America Rent Financing Platform Senior Secured Term Notes logo

PC0000031 Market Cap & Volume

Source: STM.co

Financial Services Closed Fixed Income International Non-US

Trading History

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Terms

Fundraise Information

Total Raise $400,000,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment $1,000,000 USD
Accepted Investors International Non-US
Exemptions N/A
Instrument Private Credit
Token Issuance Info N/A

Token Information

Price Per (PC0000031) $1 USD (0%)
Token Issuance Platform Tradable
Secondary Marketplace Tradable
Blockchains Available On ZKSync Era
Security Type Fixed Income
Asset Class Private Credit
Ratings -
Token Rights N/A

About

Overview

Flexible rent financing platform with significant equity raised to date and $300M+ portfolio. Company primarily operates through a partnership model with property management companies. Tenants pay a Membership fee plus a processing fee for flexibility to make weekly/biweekly rent payments throughout the month to align with pay day (with zero interest or late fees attached to the product).

Highlights

Details

  • Total Deal Size: $400M
  • Target Net Returns: 7.81%
  • Term: 5 yrs
  • Min Investment: $1M
  • Type: Debt
  • Rate Type: Floating
  • Maturity Date: Oct 21, 2027
  • Capital Call Type: Drawdown
  • Onchain Capital Call Type: Prefund
  • Day 1 Draw: $0

Rates

  • Cash Interest Rate: 8.25%

Fees

  • Management Fee: 0%
  • Performance Fee: 0%
  • Expense Fee: 0%
  • Origination Fee: 2%

Blockchain

Blockchain Contract Address Block Explorer
ZKSync Era 0xAc4DE1E9A9e83524F24af77972Dd39D588De8164 Click here