FILM BRIDGE LENDING
Short-dated loans secured by government tax credits.
22% target IRR, more if a loan runs past maturity. Offered on live deals now.
Short-duration private credit. Senior secured against a layered collateral stack: tax credits, IP rights, pre-sales, and completion bonds. Typical term 16 to 20 weeks. Average LTV approximately 15%.
100% of principal repaid in full on every resolved loan to date
22% is the initial target IRR, net of fees, and the coupon steps up if repayment runs past maturity. 28 loans resolved to date, every one returning investor principal in full. Individual deals vary. Target returns are not guaranteed and past performance is not indicative of future results.
Figures as at 6 July 2026. Individual deals vary.
From the team behind Alts.co, read by 120,000+ investors.
book collateral, ex-
tax credits + book collateral
base term
Watch — 2 minute explainer
How film bridge lending works
RETURNS NOTE
The go-forward target IRR is 22%, compound annualised, net of fees. The rate steps up if repayment runs past Phase I maturity. Individual deals vary: each card shows the target IRR and its basis. Per-loan realised IRRs are shown on closed positions in the Track Record. These are per-deal facts, not composite averages, and are not a forecast of future performance. Target returns are not guaranteed. Past performance is not indicative of future results.
SEC Rule 506(c). Verified accredited investors only. Past performance is not indicative of future results.
Recent deal activity
Representative deals from recent and current deal flow. Each card carries a coverage badge.
Reading these cards: Target IRR is compound annualised over the loan term. Because terms are short (16 to 20 weeks), the annualised figure is meaningfully higher than the total return over the term. Realised IRR on closed deals is also compound annualised.
Psychological thriller, US
Phase I bridge, senior secured · repaid Q1 2026
Secured against a tax credit, payer state film authority.
Realised IRR is compound annualised. To be confirmed by client.
Drama feature, Canada
Phase I bridge, senior secured · active
Secured against an Ontario tax credit, payer Ontario Media Development Corporation.
Target return subject to borrower performance. Phase II fees apply only if extension is triggered.
Streamer limited series, US
Phase I bridge, senior secured · targeting close Q2 2026
Secured against a federal tax credit, payer streamer production fund.
Target terms. Final structure, collateral and pricing subject to signed documentation.
Representative deals. Target IRR is compound annualised over a 16 to 20 week term. Targets only, actual results vary. SEC Rule 506(c), accredited investors only. Past performance is not indicative of future results.
LOAN-TO-VALUE
We lend low against collateral that pays itself.
Typical loans are 15% of a project's forecast tax credit value. Other collateral sits behind it.
- Typical loan ~15% of forecast tax credit value. Primary security.
- Minimum sales guarantees. Secondary.
- Corporate guarantees. Secondary.
- Step-in rights. Secondary.
- Power of attorney. Secondary.
COLLATERAL
Senior secured against a layered collateral stack
Every bridge loan holds perfected security over the stack. On hard collateral alone, tax credits and pledged book collateral, the book covers the loan 6.5x times over at ~15% LTV on average.
Coverage ratios reflect the current book as at 6 July 2026 across 38 positions. Individual deal stacks vary. MGs and completion bonds are secondary to tax credit and book collateral in the coverage calculation.
DOWNSIDE PROTECTION
What happens if a borrower cannot repay on the original terms.
Every loan is senior secured. We hold perfected security over the full collateral stack from day one. If a borrower cannot meet the original repayment schedule, we work through a defined escalation sequence: first, contractual extension at the Phase II coupon; second, negotiated restructuring of the remaining obligation against pledged collateral; third, enforcement against the collateral stack. Across 28 resolved loans, every loan has returned investor principal in full and no loan has resulted in a principal loss. Some loans repaid later than their original schedule or on revised interest terms.
Across 28 resolved loans, every loan has returned investor principal in full and no loan has resulted in a principal loss. Some loans repaid later than their original schedule or on revised interest terms. This is a historical statement, not a guarantee. Private credit investments carry risk of loss of principal and interest.
HOW IT WORKS
Verify, Review, Fund
Verify
Complete accreditation verification to confirm eligibility under SEC Rule 506(c).
Review
Access live deal rooms with full collateral analysis, term sheets, and risk assessments.
Fund
Principal plus the contracted return is scheduled when the loan resolves, subject to borrower performance and collateral recovery. Most loans resolve within 16 to 20 weeks.
Verify
Complete accreditation verification to confirm eligibility under SEC Rule 506(c).
Review
Access live deal rooms with full collateral analysis, term sheets, and risk assessments.
Fund
Principal plus the contracted return is scheduled when the loan resolves, subject to borrower performance and collateral recovery. Most loans resolve within 16 to 20 weeks.
Apply to view live deals
Deal details are available to verified accredited investors under SEC Rule 506(c).
This is not a commitment to invest. Completing this form begins the qualification process under SEC Rule 506(c). Available to verified accredited investors only.