Mobile Infrastructure Corp (BEEP) reported the closing of a $100 million Asset-Backed Securitization (ABS) on October 29, 2025, via subsidiary Mobile Infrastructure Funding, LLC. This transaction is secured by mortgages on designated parking facilities and resulted in the issuance of 4.15% Class A-2 Notes, purchased at 88.30372% of principal. The anticipated repayment date is October 2030, with final maturity in October 2055. The notes received an initial Fitch rating of BBB.
The net proceeds were primarily used to terminate the Loan Agreement dated January 10, 2017, with Bank of America, N.
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