debt
confidence high
sentiment neutral
materiality 0.30
Monroe Capital Enhanced Corporate Lending Fund raises $152K in private offerings; issues 12% 30-year notes
Monroe Capital Enhanced Corporate Lending Fund
- Sold 110 Class S and 110 Class D unregistered shares to 110 accredited investors at Oct 31, 2026 NAV, each paired with a $1,000 promissory note; net proceeds ~$152,000.
- Notes pay 12.00% per annum, semi-annually in arrears on June 30 and Dec 31, and mature Nov 2, 2056; prepayment before the 24-month mark costs a $100 per-note premium.
- Past-due interest accrues at a 12.4% simple rate; holders of more than 50% of a class series must approve acceleration and amendments.
- Escrow agreement dated Dec 11, 2025 terminated effective Nov 2, 2026 after the fund met the 100-investor minimum per class without it; no funds were ever deposited.
- Notes were placed through H&L Equities LLC, an affiliate of REIT Funding LLC, which along with affiliate REIT Administration LLC receives fees and expense reimbursement.