OppFi unit Opportunity Funding SPE Residual drew USD 75 million under a senior secured multi-draw term loan dated Aug. 10.
Facility size USD 100 million. USD 25 million remains available for draws through Feb. 10, 2027.
Fixed rate 12.5% before the pending BNCCORP acquisition. Rate steps up to 13.5% once the deal closes.
Loans mature four years from Sept. 15, 2026. Semi-annual amortization totals 10% of funded principal.
OppFi-LLC guarantees the facility. Borrower granted an all-assets lien, mainly equity interests tied to residual cash flows from loan-receivable vehicles.
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