Other DebtActive
SE & AJ Liebel Additional Loan
LMFA-Sep27
BTC Holdings
354.7 BTC
Total Debt
$19.50M
Leverage
71.7%
mNAV
0.18x
Outstanding
$2.00M
Issue date
2025-09-15
Principal
$2.00M
Coupon
12.00%
Maturity
2027-09-15
Conversion price
—
- $1.3M funded Sep 15 2025; $700K second tranche funded Oct 21 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured (first lien)
- Facility type
- Term loan
- Payment frequency
- Monthly
- Rate type
- Fixed
- Collateral
- Same collateral as Initial Loan; BTC collateral increased to 110% of combined outstanding principal
- Covenants
- Customary negative and affirmative covenants including non-payment, cross-defaults, bankruptcy, change of control, and financial covenants
- Prepayment
- Prepayable in whole or in part at any time without penalty
Sources(2)
- Form 8-K (Liebel loan ame…FilingForm 8-K (Liebel loan amendment + Mississippi acquisition)Item 1.01LM Funding America, Inc. — 2025-09-18
- Form 8-K (Liebel second t…FilingForm 8-K (Liebel second tranche $700K draw)Item 2.03Second tranche $700K draw confirmationLM Funding America, Inc. — 2025-10-24
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-10-21 | Draw | $2.00M $700K second tranche funded | Form 8-K (Liebel second t… |
| 2025-09-15 | Issuance | $1.30M $1.3M first tranche | Form 8-K (Liebel loan ame… |
- 2025-10-21 — $2,000,000Item 2.03 — filing — LM Funding America, Inc.Source
- 2025-09-15 — $1,300,000Item 1.01 — filing — LM Funding America, Inc.Source