Agora Partners makes private lending notes to lower-to-middle-market US small businesses. The book is majority real estate-backed with a minority in small business, sourced through a faith-driven borrower and investor network. Each deal sits in its own SPV, with Agora as lead sponsor and the LP investing through the SPV.
Notes are first-lien secured and pay a contractual 12% annualized return to the LP, with monthly interest and a balloon at maturity over a one to three year term. The 12% is a stated contractual rate, not a projection of performance.