Donna M. Mitchell is a financial journalist based in the New York metro area with expertise covering structured finance, commercial real estate, and wealth management. Her work has appeared in Forbes, Next Avenue, Financial Planning and National Real Estate Investor.
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When it closed in February 2024, Toorak 2024-RRTL1 became the first rated RTL completed. Managers increased the capital raise to $240 million, from the initial $192 million.
4h ago -
Zayo's second securitization overall has several cash-trap and sweep triggers, including a 50% cash trap period that keep cash flowing to the notes.
11h ago -
The WA original term is about 68 months for all three pools. That is shorter than the term on the previous series, but within the range of terms on recent deals.
May 16 -
SunStrong Issuer also includes a sequential amortization trigger. Should the cumulative default level exceed the applicable trigger level.
May 15 -
SLAM has debt service coverage ratio (DSCR) triggers and a utilization test in the structure to help maintain cashflow and support credit in the notes.
May 14 -
A range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure the debt.
May 14 -
The deal can be upsized to $2 billion, and the transaction will repay principal sequentially, growing non-declining enhancement as the notes amortize.
May 13 -
The dental and medical spa industries accounted for 60.1% and 26.0% of the deal's balance.
May 12 -
Residential, business and carrier customers represented 37.2%, 32.8% and 30.0%, respectively, of revenue from the last 12 months.
May 9 -
Oxford requires that 91% of the supporting loans have interest payments on a floating rate index or a floating rate option, but new loans face requirements to mitigate the risks of yield shortfalls.
May 8
