Core Viewpoint - Lendistry has secured a $100 million debt facility with an additional $400 million accordion from KeyBank Specialty Finance Lending to support small business lending nationwide as they prepare for a busy season and upcoming international sporting events in the U.S. [1] Group 1 - The funding will provide catalytic capital specifically aimed at small business owners [1] - The capital will enhance Lendistry's conventional, non-SBA 7(a) lending product [1] - The announcement highlights the importance of financial support for small businesses during peak operational periods [1]

Company Overview - The company operates as a nonbank mortgage servicer and originator, managing both its own mortgage servicing rights (MSRs) and providing subservicing for others [2][3] - The distinction between owning MSRs and subservicing is highlighted, with owned MSRs being higher risk and requiring hedging and financing, while subservicing does not involve these risks [2] Business Model - The company benefits from both servicing its own MSRs and subservicing for others, with the latter potentially yielding higher fees for managing delinquent loans, although it represents a thinner revenue stream [3] - The servicing operations are indifferent to the ownership of the MSRs, allowing for streamlined management of all loans [3] Types of Loans Managed - The company services a variety of loan types, including forward loans, reverse loans, conventional loans, government loans (GSEs), and private label securitizations (PLS) [3] - Additionally, the company engages in small balance commercial and multifamily loan servicing [3]