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INV-1023
Apex Retail Group
Originated by Cedar Mills Trading Co. · Wholesale / Distribution
C
75.9/100
Target yield
26.8%
Term
35d
Face value
$53,800
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)
3.18%
0.40% over term
LGD
7%
loss given default
Dilution
2.2%
disputes / short-pays
Exposure (EAD)
$48,420
advanced to originator
Expected loss
$972
2.01% of exposure
Reserve
10%
held back as buffer
How the 26.8% yield is priced
Funding cost+ 5.50%
Expected loss (annualized)+ 16.29%
Servicing+ 1.50%
Risk premium+ 3.50%
Investor target yield26.80%
Risk signals
The inputs behind the score of 75.9. Higher bars are safer.
Originator tenure83
Originator cash-flow stability82
Payor scale64
Debtor credit quality82
Debtor payment speed75
Invoice verification90
Invoice concentration100
Deal terms
Debtor
Apex Retail Group
Debtor credit
Grade C
Avg days to pay
47 days
Issued
2026-06-16
Due
2026-07-31
SMB fee
2.97%
Amount advanced
$48,420
Originator monthly rev
$540,000