Mobile Infrastructure Closes $100 Million Asset-Backed Securitization

Core Viewpoint - Mobile Infrastructure Corporation successfully closed a $100 million Asset-Backed Securitization (ABS) facility secured by 19 parking assets, enhancing financial flexibility and positioning for future growth [1][3]. Financial Details - The ABS notes received a BBB private letter rating and were priced at an interest rate of 4.15%, with an effective loan-to-value (LTV) ratio of 39% [2]. - The legal maturity of the notes is 30 years, with an expected repayment term of five years [2]. Strategic Implications - Proceeds from the ABS transaction will be used to repay approximately $84.4 million of near-term debt, extending expected maturities to 2030 [4]. - The transaction is aimed at providing flexibility for strategic divestitures and redeploying capital into accretive assets, aligning with the company's long-term capital strategy [4]. Company Overview - Mobile Infrastructure Corporation owns and operates a diversified portfolio of parking facilities across the U.S., with 40 facilities in 20 markets, approximately 15,100 parking spaces, and over 5 million square feet of real estate as of September 30, 2025 [10].