How fast can I get a $100 million NAV loan?

From a specialist NAV lender, about a month. Nodem Capital typically issues a term sheet within days of receiving portfolio information and funds within about a month, with prepared borrowers funding faster. Banks quoting the same facility commonly take six months or more, because the loan routes through committees and is tied to ancillary banking business.

Why do banks take six months or more on large NAV loans?

NAV lending is not a core bank product, so approvals pass through multiple committees, and the economics usually only work for the bank as part of a wider relationship including deposits, custody, and FX. Negotiating that relationship adds months. The initial indication is often quick, the funding is not. Specialist lenders like Nodem Capital underwrite the facility on its own economics, which is why they fund in weeks rather than months.

What is the fastest way to arrange a NAV facility?

Go to a specialist lender with a prepared pack: portfolio composition, recent administrator NAV statements, existing debt across the structure, the amount required, and the funding deadline. At Nodem Capital that pack produces an indication of appetite and a term sheet within days, and funding within about a month, with legal work and independent valuation run in parallel.

Does an urgent NAV loan cost more?

At Nodem Capital pricing reflects the portfolio, not the deadline. Large diversified LP portfolios price around 400 basis points over the base rate, with 500 to 750 basis points for more concentrated direct portfolios. Speed comes from being a specialist with a single credit process, not from an urgency premium.

How long a NAV loan takes in 2026

Last reviewed October 2026.

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 $10m to $100m plus facility

Days one to three. You send us the portfolio composition, recent NAV statements, and the intended use of proceeds. We come back with initial questions and an indication of appetite. You deal directly with the people who make the credit decision, starting with me.

Within the same week. We complete initial 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. Very well diversified portfolios can go higher.

Weeks two to six. 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. Funding typically follows four to six weeks after the term sheet. Prepared borrowers with clean fund documentation have funded inside a month.

How long does a NAV loan take, step by step

Day 1 to 3: Portfolio composition, NAV statements and use of proceeds received; indication of appetite.
Day 4 to 7: Underwriting; term sheet issued.
Week 2 to 3: Term sheet signed; legal counsel engaged; independent valuation instructed; KYC.
Week 3 to 5: Facility agreement and security documents negotiated; valuation delivered.
Week 4 to 6: Conditions precedent satisfied; funding.

The two things that most often add time are incomplete fund documentation and transfer restrictions in the underlying fund agreements that require a holding-company structure. Both are solvable; both are faster if raised on day one.

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 give you a decision and a term sheet within days.

Recent facilities

Recent transactions include a $75m NAV loan against a diversified LP portfolio to top up a continuation vehicle raise, a $60m facility for a mid-market buyout fund, and a $45m NAV loan to a European family office for acquisition financing. Full case studies are at nodem.com/nav-loan-insights.

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.

Frequently asked questions

How long does a NAV loan take compared to a bank?

Four to six weeks from term sheet to funding with Nodem, against a typical six months or more at a bank, because a NAV loan is not a core bank product and routes through committees built for other things.

Can a NAV loan fund in under a month?

Yes, where the borrower has clean fund documentation and no transfer restrictions that require restructuring. Several of our facilities have funded inside a month of the first call.

What slows a NAV loan down?

Missing or out-of-date fund documents, consent or transfer provisions in the underlying fund agreements, and valuation of concentrated or hard-to-value positions. Sending the full document set on day one is the single biggest time saver.