When will I receive monthly interest payments?

Interest payments are paid in arrears based on the monthly interest charged for the prior month's borrowing activity.

Borrower payments are due to CM Capital Services on the 1st of each month with typically a 10-day grace period.  Once we receive the payment from the Borrower, we clear the funds through our bank and distribute the interest payments directly to the investors. Interest is charged using a 30/360 interest calculation.