$5MM Note Participation – 1st Lien | 3.15x DSCR

Overview
Seeking a Senior Participation Buyer on a $5,000,000 purchase-money note secured by a 18 year long-operating digital media business. Transaction structured to provide immediate liquidity at closing while preserving a significant subordinated equity buffer.

Structure
• Total Note: $5,000,000
• Senior Participation: 65% / $3,250,000
• Subordinated Seller Retained B-Note: 35% / $1,750,000
• First-lien priority on the note and all business assets
• Senior-Subordinated note hypothecation

Credit Profile
• Monthly Net Profit: ~$157,666
• Senior Debt Service: $50,000 / month
• DSCR: 3.15x
• Free Cash Flow after Senior Debt: **$107,000 / month**

Collateral
• First-lien security interest in:
– Domain & intellectual property
– Advertising relationships
– Revenue streams and operating assets

Asset Overview
• 18-year operating history
• Digital science media platform
• 80%+ net margins
• Proven, recurring cash flow

Use of Proceeds
Senior participation provides seller liquidity at closing while maintaining meaningful subordinated exposure to protect the senior position.

Process
Full credit package available upon request, including:
• Pro-forma note terms
• Sources & uses
• Collateral schedule
• Underwriting summary

Seeking
• Senior note buyer or participant
• Institutional or family office capital
• Ability to close on standard timelines