Other DebtActive
Brown Family Enterprises Secured Note
LMFA-Mar26
BTC Holdings
354.7 BTC
Total Debt
$19.50M
Leverage
71.7%
mNAV
0.18x
Outstanding
$1.50M
Insufficient history
Issue date
2024-05-13
Principal
$1.50M
Coupon
11.00%
Maturity
2026-06-30
Conversion price
—
- Maturity extended from May 14 2025 to Jun 30 2026 (via two extensions)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured (second lien)
- Facility type
- Term loan
- Payment frequency
- Monthly
- Rate type
- Step-up
- Rate reference
- Step-up: 10% initial, increased to 11% per annum as of March 27, 2025
- Collateral
- Secured interest in substantially all assets (second lien, subordinate to SE & AJ Liebel)
Sources(1)
- Form 10-K (2024)FilingForm 10-K (2024)Fiscal Year 2024 Financing ArrangementsLM Funding America, Inc. — 2025-03-31
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-05-13 | Issuance | $1.50M | Form 10-K (2024) |
- 2024-05-13 — $1,500,000Note 12 — filing — LM Funding America, Inc.Source