Private Credit Underwriters

De-Risk Your H100 Collateral Pool

Mitigate "Binary Outcomes" in GPU lending. Track real-time Technological Obsolescence risks. High-end GPUs like the H100 are hitting a 50% market value collapse within 18–24 months.

Lender Playbook

Risk Metrics

Collateral Risk Dashboard

H100 Residual Value (Year 1)
60-70%
vs. 90% for CRE Assets
Tracks impact of Blackwell B200 release on secondary markets.
Covenant Monitor
Remote Attestation
Verify physically: Signed JWTs from GPU silicon roots-of-trust. Don't trust spreadsheets.
Basel III Impact
-15% RWA
Via Residual Value Insurance
Optimize capital charges for GPU-backed equipment finance notes.

Risk Analysis

The "Shadow Banking" Trap

With banks retreating under Basel III, private credit has stepped in. But many "Neocloud" deals rely on circular financing structures where vendors invest in the SPVs buying their own chips.

Underwriting Checklist for 2025

  • Dynamic LTV Models: Adjust advance rates monthly based on our "H100 Depreciation Index".
  • The GAAP Disconnect: Decomposing the $176 billion earnings quality gap created by extending server useful lives.
  • Insurance Wraps: Rate the cost of "Residual Value Guarantees" (RVI) to floor your downside.

The "Mark-to-Model" Calculator

Use our calculator to stress test your collateral pool. What happens to your 70% LTV loan if B200s ship 3 months early? Get the benchmark.

Critical Market Intelligence

The "Investment Memo" Chapter

  • Why 40% of H100 loans will be underwater by 2026.
  • The 18-Month Half-Life of Hopper Architecture.
  • Exposing the 'Shadow Banking' loops in Compute.

Explore More

Related Tools

PRO TOOL

DSCR Calculator

Debt Service Coverage Ratio for project finance

Open Speed-to-Power Watchlist
PRO TOOL

GPU Residual/LTV Calculator

Calculate GPU depreciation and residual values

Open Speed-to-Power Watchlist
PRO TOOL

GPU Covenant Monitor

Lender dashboard for GPU-backed loan covenants

Open Speed-to-Power Watchlist

Track collateral risk shifts in one watchlist

Monitor power, queue, and readiness changes that drive collateral performance and covenant pressure.

Open Speed-to-Power Watchlist
Open Readiness Map