Community and regional banks use LoanStreet to service bilateral, club, and syndicated corporate and commercial loans. Relationship managers, credit, operations, co-lenders, and borrowers all work from one, golden source of truth.
Borrowers and co-lenders rarely have direct access to the source of truth and instead have to rely upon emails or shared drives to receive static reports from the banking core. Even internal teams lack access and, even if granted access, have to learn highly bespoke legacy tools to find relevant information.
The core holds the balance, but agreements, covenants, lender splits, and borrower contacts, banking instructions for payments and remittances, all live in spreadsheets, emails and shared drives. Reconciling them takes time every month-end and before every exam. The entire operations process exists outside of the core in manual processes and documented in complex workflows created by consultants.
Many modern corporate credit products like non-pro rata funded and repaid loans, PIK and unitranche are not managed on the core banking system but on spreadsheets that are then manually uploaded into the core for record keeping.
Payments, draws, and remittances move from request to settlement without re-keying. LoanStreet’s software generates NACHA files for ACH and messaging for wires, SWIFT, and EFT, delivered to every party’s bank. Co-lenders and borrowers submit their own banking instructions on-platform.
Run administrative agent duties without spreadsheets: lender registers, notices, amendments, reallocations, and pro rata or non-pro rata distributions, with a complete audit trail for every co-lender.
Monitor exposure, internal and external risk ratings, covenants, and upcoming obligations across the commercial book. Impaired credits move through default, non-accrual, and charge-off workflows on the same record.
Yes. LoanStreet supports lenders acting as agent on their own deals, with lender registers, notices, amendments, and pro rata or non-pro rata distributions handled on-platform.
Delayed draw term loans, true PIK and PIK toggle, unitranche, multi-currency facilities, multiple borrowers, asset-based and warehouse lines, tiered pricing grids, complex fees, and non-pro rata funding are all supported natively.
Yes. Events of default, borrower bankruptcy, non-accrual status, and charge-offs, including adjustments, are all supported natively.
No. LoanStreet focuses on servicing, management, and agency after close. Terms come in from your origination system by API, or from the executed credit agreement using the AI document reader.
See the full LoanStreet commercial and corporate loan servicing platform: AI loan boarding, straight-through payments, covenant tracking, and portfolio analytics.