Auctions – Week of April 16

Available Percent Auctions - Week of 4/16/21

We're excited about this week's offerings from PULSE Medical Finance and, our newest origination partner, ByzFunder. Check out our Dutch Auction page for a more thorough overview of the program and the process behind it.



Available Retail Auctions:

These auctions have been closed.



Please note: The last day we'll accept indications is Monday, April 19th, at 8:00AM ET. 


Available Prime Auctions:



Please note: The last day we'll accept indications is Monday, April 19th, at 8:00AM ET. 


Here's How it Works
1

For each offering during the auction period (generally 2-4 days), investors can indicate what amount they would like to invest for each of the specified APYs.

2

Percent will aggregate these non-binding indications of interest for each APY to estimate how much demand exists at each APY interval for each offering.

3

At the end of the auction period, Percent will announce the offering as usual, except at the APY with expected sufficient demand to satisfy the target amount to be issued.

4

If the contemplated transaction is a rollover offering (following a maturity or a call), existing investors will have priority allocations.

5

If the transaction is not fully subscribed by existing investors or if the transaction is a new offering, only investors that participated during the auction period that provided indications at or below the announced APY will be notified of the offering launch and given priority allocations, as applicable.


6

Investors that do not provide an indication during the auction period will be able to participate and place an order during the deal syndication if the transaction was not fully subscribed by existing investors and/or investors who participated in the auction.

Example

To keep it simple, let’s say 10 investors have answered the survey with the following indications:

In this example, for a minimum note size of $500,000 the note will require an expected 13.00% APY (and Investor 6’s indication would not be considered). If the minimum note size was $300,000, then the required APY for the note will be 12.00% (and Investor 6 and 10’s indications would not be considered). Alternatively, should the intended note size be $700,000, then the note will require an expected return of 14.00% APY (and all investors would be considered).


Please INDICATE YOUR INTEREST BELOW for:

Because this is a rollover offering, investors in the current note will get first priority at the market-clearing APY determined by this auction.


PMF Receivables Sr. 2021-3

Offering Size: $3.50M |  Duration: 6 months

Rank: Senior | Minimum Investment: $500


Please INDICATE YOUR INTEREST BELOW for:

Because this is a Prime offering, existing Prime investors will receive priority at the market-clearing APY determined by this auction.


BYZ SMB Financing Jr. 2021-1

Offering Size: $1.00M |  Duration: 29 months

Rank: Junior | Minimum Investment: $15.00K






The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities. By using this website, you accept our Terms of Use and Privacy Policy. Past performance is no guarantee of future results. Any historical returns, expected returns or probability projections may not reflect actual future performance. All investments involve risk and may result in loss, including loss of principal. Percent does not render investment, financial, legal or accounting advice.