Credit: IO/bullet bridge loan

version 0.1
model "io-bullet-loan"
use pack "credit" version "0.1.0"
time calendar monthly from 2026-01 for 64

entity fund buyer

// $10mm interest-only pool, 7.25%, 60-month bullet, 5 CPR, 1.5 CDR,
// 40% severity, 4-month recovery lag. Contract term spans
// term_months + recovery_lag_months for the recovery tail.
contract credit.pool_io_bullet.bridge_a on entity fund.buyer {
  term 2026-01..2031-04
  terms {
    balance = 10000000
    rate = 0.0725
    term_months = 60
    cpr = 0.05
    cdr = 0.015
    severity = 0.40
    recovery_lag_months = 4
  }
}

contract credit.purchase.bridge_a on entity fund.buyer {
  term 2026-01..2026-01
  terms {
    price = 10000000
  }
}

{
  "deterministic": {
    "annual_discount_rate": 0.07
  }
}