The three sectors
Each sector sets its own terms: an LTV cap, a maturity profile, concentration limits, and a default-remedy path. Interest rates are signed per facility, not set by sector. Sector parameters are enforced on-chain by the CollateralRegistry.
Different collateral, one loan book.
The receivable-backed sectors lend against assigned claims: tax credits and contracted receivables. The digital-assets sector is marked to market against liquid collateral.
Media
Receivable-backed
Senior secured lending against tax credits and other contracted receivables, financing film and television. A production borrows today against payments it is contractually owed, so repayment does not depend on box-office performance.
Short: months to roughly two years, driven by receivable payment timing.
Renewables
Receivable-backed
Loans to small and mid-market renewable projects, against transferable ITC/PTC tax credits and project cashflows, for borrowers underserved by community banks and capital markets.
Medium to long, spanning construction and operation.
Digital Assets
Marked-to-market · related party
Secured lending to Forest Road's digital-assets trading subsidiary, financing the desk's trading book. It is a related-party facility.
Short and revolving, with continuous collateral-health monitoring.