debt
confidence high
sentiment neutral
materiality 0.30
CNL Strategic expands credit line with $5M non-formula facility for liquidity; April NAV $25.23; $0.1667 distribution
CNL Strategic Residential Credit, Inc.
- First Amendment adds $5M Non-Formula Revolving Facility; proceeds solely for $5M liquidity covenant under Goldman Sachs repurchase facility.
- Total borrowing capacity $15M ($10M revolver + $5M non-formula); Non-Formula Revolving Maturity Date Dec 31, 2026.
- NAV per share April 30, 2026: Class E $25.23, Class FA $24.92; aggregate NAV $25.55B.
- Monthly distribution declared $0.166667/share for Class E and Class FA, payable June 29, 2026.
- Jan 14 – May 22, 2026: invested $9.2M in preferred equity of MSR entities and $45.2M in 135 residential mortgage whole loans.