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INV-1034
City of Austin
Originated by BlueRidge Working Capital · Healthcare services
B
87.8/100
Target yield
15.0%
Term
44d
Face value
$57,600
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%
0.21% over term
LGD
12%
loss given default
Dilution
1.1%
disputes / short-pays
Exposure (EAD)
$51,840
advanced to originator
Expected loss
$526
1.01% of exposure
Reserve
10%
held back as buffer
How the 15.0% yield is priced
Funding cost+ 5.50%
Expected loss (annualized)+ 6.17%
Servicing+ 1.50%
Risk premium+ 1.80%
Investor target yield15.00%
Risk signals
The inputs behind the score of 87.8. Higher bars are safer.
Originator tenure58
Originator cash-flow stability72
Payor scale92
Debtor credit quality94
Debtor payment speed67
Invoice verification90
Invoice concentration98
Deal terms
Debtor
City of Austin
Debtor credit
Grade B
Avg days to pay
52 days
Issued
2026-06-10
Due
2026-08-09
SMB fee
2.22%
Amount advanced
$51,840
Originator monthly rev
$250,000