NAV Loans in Under a Month
Most large NAV loans die of old age. The borrower has strong collateral, the credit case is obvious, and the bank is enthusiastic right up until the process starts. Then come the committee cycles, the ancillary business conversations, the requests to move custody and deposits, and six months later the deal the money was for has gone. If that is where you are right now, this page explains how we work and how fast.
Our timeline on a $15 million to $200 million plus facility
Days one to three. You send us the portfolio composition, recent NAV statements, and the intended use of proceeds. We come back within days with initial questions and an indication of appetite. You deal directly with the people who make the credit decision, starting with me.
Weeks one to two. We complete underwriting and issue a term sheet. Our facilities are typically up to 30% of independently verified NAV, structured as cash pay or PIK, over one to five years, in USD, EUR or GBP. Real estate and highly diversified portfolios can go up to 65% LTVs.
Weeks three to five. Legal documentation and independent valuation run in parallel rather than in sequence. Security is taken through pledges over equity interests and distribution accounts, which means your existing arrangements, including senior debt on underlying assets, stay exactly where they are. Prepared borrowers fund inside a month.
Why banks take six months on the same loan
It is not because their credit teams are slow thinkers. It is structural. A NAV loan is not a core product for a bank, so it routes through committees built for other things. The economics of the loan alone rarely clear a bank's hurdle, so the real negotiation becomes the ancillary relationship, the deposits, the custody, the FX business. Each of those conversations adds weeks. The initial yes comes fast. The money does not.
We are a specialist. NAV lending is the only thing we do, the facility has to make sense on its own economics, and there is no ancillary agenda. That is the entire reason we can be fast.
What to send us to move quickly
Portfolio composition with the underlying funds or assets. The most recent NAV statements from the administrator. Existing debt at any level of the structure. The amount you need, what it is for, and when you need it. With that in hand we can usually tell you within days whether we will do the deal, and the term sheet follows within about two weeks.
Recent facilities
Recent transactions include a $75 million NAV loan against a diversified LP portfolio to top up a continuation vehicle raise, a $60 million facility for a mid-market buyout fund, and a $45 million NAV loan to a European family office for acquisition financing. Full case studies are at nodem.com/nav-loan-case-studies.
Talk to the decision maker today
If you are working against a deadline, email me directly at abranton@nodem.com with the portfolio outline and the date you need to fund. I will tell you quickly and honestly whether we can hit it.
Alex Branton, Managing Partner and Chief Investment Officer, Nodem Capital. Nodem Ltd is authorised and regulated by the Financial Conduct Authority, FRN 1017481.