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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TLOT 2025-B has a couple of other credit strengths, including Toyota's experience as a sponsor and servicer, and the underlying loans' strong quality.
September 15 -
The A1A notes benefit from credit enhancement levels that equal 30% of the note balance in that tranche.
September 12 -
The deal must own at least eight assets, otherwise it will begin to use any excess cash to fully pay down the notes.
September 12 -
According to media reports, Tricolor suspended operations and furloughed its staff, with plans to liquidate.
September 11 -
HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.
September 11 -
The subordinate classes will always pay principal sequentially, but their repayments start after all the senior classes have been retired.
September 10 -
The 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
September 10 -
Credit enhancement could increase for the most senior outstanding classes of notes, however, as the notes repay investors sequentially over time.
September 9 -
Almost all the notes are fixed rate, except for the A2-B tranche which pay a coupon based on the one-month Secured Overnight Financing Rae (SOFR).
September 9 -
The assets' legal isolation means that the NCUA exercising its powers in a way that would reduce payments to the notes is a remote possibility.
September 5
