Reporting Templates

Cascade has a series of standard templates that are used by multiple investors. The templates:

Advance Request

Document requesting funds from the Lenders

The Advance Request Template ties into the Advance Request Center within the Monitor feature of Cascade. The template allows the Borrower to request funds from the Lender(s). It details how much each lender should send as well as the equity contribution required by the lender (based on the advance rate). The template also includes the banking details as well as a general compliance statement the borrower needs to confirm.

After the request is signed - it’s automatically distributed to a distribution list (lender, agent, fund administrator, etc. - customized per deal)

When funds are sent by the Lender they or the Agent can input a “Funded Date” as well as proof of transfer.

Once a funded date has been entered the advance request is marked as complete and the Payment Schedule and Borrowing Base are updated automatically.

Use case: ad hoc as borrower request funds

Borrowing Base Certificate

Document certifying the borrowing base and that all loans used in the calculation are properly assigned to the lender.

The certificate pulls in all data from the Borrowing Base feature. If the number of loans under collateral is above 1000, a link to an excel file is included that is available to download in the document center.

Use case: Typically sent once per month on last day of month

Compliance Certificate - Financial Covenants

Document certifying the financial covenants as calculated in the financial covenant feature.

Each covenant provides evidence of each calculation which is taken from the audit section of the financial covenant feature.

Use case: Typically sent once per month on last day of month

Compliance Certificate - Portfolio Covenants

Document certifying the financial covenants as calculated in the portfolio covenant feature.

Each covenant provides evidence of each calculation which is taken from the audit section of the portfolio covenant feature.

Use case: Typically sent once per month on last day of month

Compliance Certificate - Cash Balance

Document certifying the Cash Balance from all the bank accounts

Use case: Typically sent once per month on last day of month

Compliance Certificate - General

General document certifying all items in the loan agreement are in compliance

Use case: Typically sent once per month on last day of month

Compliance Certificate - Unaudited Financials

Document certifying the financial statements Profit and Loss Statement and Balance Sheet are accurate to the best of the targets knowledge.

Use case: Typically sent once per month on last day of month

Waterfall Certificate

Document certifying the waterfall for each waterfall run.

Waterfall Certificate works with the Waterfall Center in the Monitor feature. After the waterfall is complete, the certificate can be signed by the Borrower and the Agent (depending on the template). The certificate can be used to release funds from a bank account or be used as a record of the waterfall.

Use case: each waterfall run.