![]() The average time in business of the underlying businesses is approximately 14 years. The obligors have a weighted average FICO of 729 and the properties used to collateralize the loans are all commercial real estate with a weighted average LTV of 77.89%. Most of the pool consists of 25-year, fully-amortizing loans. All of the loans are monthly pay, with an adjustable interest rate based on the Prime Rate. The underlying SBA 7(a) loans securing the unguaranteed participation interest have an average principal balance of $991,639 and an average remaining term of 296 months. The blended advance rate on the offered Notes is 86.77%. As of the Octocut-off date, the initial collateral pool consisted of 529 unguaranteed participation interests with an aggregate principal balance of $121.3 million, which increases to $133.3 million with the inclusion of the prefunding account. The assets of the issuer include a prefunding account which allows for the sale of additional collateral within a 90-day prefunding period. The offered notes on the HSLT 2023-1 transaction pay principal pro rata. Harvest SBA Loan Trust 2023-1 is Harvest‘s fourth SBA 7(a) securitization and its sixth Harvest issuance overall, including transactions from Harvest Commercial Capital. Our exceptional team cares deeply about our mission of “Funding the American Dream” through commercial real estate ownership, creating jobs and furthering growth.” We take pride in our ability to provide growing small businesses with much needed access to capital. HSBF leaders Adam Seery, Todd Massas and Jason Raefski commented, “HSBF has been one of the top SBA 7(a) lenders across the nation since our inception in 2016. The Class A, Class B and Class C Notes were rated “A-”, “BBB-”, and “BB”, respectively. This transaction involved the issuance of three classes of notes rated by KBRA. HSLT 2023-1 was the first unguaranteed SBA 7(a) transaction to involve a REMIC structure, as well as the first transaction in this asset class to involve the issuance of a “BB” rated note. Guggenheim Securities was the sole structuring advisor and sole book running manager. The $115.7 million Harvest SBA Loan Trust 2023-1, Unguaranteed SBA Loan-Backed Notes, Series 2023-1 (“HSLT 2023-1”) closed on November 30, 2023. Internal applications, then our B2B based Bizapedia Pro API™ might be the answer for you.LAGUNA HILLS, CA– Harvest Small Business Finance, LLC (“HSBF”) ( ), one of the top non-bank originators of SBA 7(a) loans, closed its fourth securitization of unguaranteed interests of primarily first-lien SBA 7(a) CRE loans. If you are looking for something more than a web based search utility and need to automate company and officer searches from within your WHAT'S INCLUDED IN THE ADVANCED SEARCH FORM? The Bizapedia Pro API™ grants programmatic access to all the search forms and features you find on our site. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Filing Jurisdiction, Entity Type, Registered Agent,įile Number, Filing Status, and Business Category. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. In addition, all pages on Bizapedia will be served to you completely ad freeĪnd you will be granted access to view every profile in its entirety, even if the company chooses to hide the private information on their profile from the general public. Your entire office will be able to use your search subscription. In addition, if we've collected email addresses and/or phone numbers for a given company, they will beĭisplayed on the company profile page along with the rest of the general data. With the Bizapedia Pro Search™ service you will get nearly unlimited searches via our various search forms, with up to 5 times the number of If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. To protect our site, we cannot process your request right now. We are sorry, but your computer or network may be sending automated queries.
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