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INV-1002
City of Austin
Originated by Gulf Coast AR Capital · Staffing
B
88/100
Target yield
21.0%
Term
20d
Face value
$57,800
Advance
90%
Credit model
Expected loss = PD × LGD × EAD, sized to a stressed reserve. The advance and yield fall out of the loss math.
PD (annualized)
1.27%
0.11% over term
LGD
8%
loss given default
Dilution
1.1%
disputes / short-pays
Exposure (EAD)
$52,020
advanced to originator
Expected loss
$520
1.00% of exposure
Reserve
10%
held back as buffer
How the 21.0% yield is priced
Funding cost+ 5.50%
Expected loss (annualized)+ 12.15%
Servicing+ 1.50%
Risk premium+ 1.80%
Investor target yield21.00%
Risk signals
The inputs behind the score of 88. Higher bars are safer.
Originator tenure75
Originator cash-flow stability78
Payor scale92
Debtor credit quality94
Debtor payment speed67
Invoice verification90
Invoice concentration100
Deal terms
Debtor
City of Austin
Debtor credit
Grade B
Avg days to pay
52 days
Issued
2026-06-16
Due
2026-07-16
SMB fee
1.55%
Amount advanced
$52,020
Originator monthly rev
$320,000