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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At any point during the revolving period, the issuer might upsize the current notes to a $500 million limit.
April 30 -
The collateral's annual percentage rate, loan-to-value and debt-to-income rates all decreased compared to the PART 2024-2 transaction.
April 29 -
Among its structural strengths, DEFT 2025-1 includes a non-declining reserve account representing 1.0% of the pool balance.
April 28 -
Yields, are expected to come in ranging from 4.4% on the class A notes, to 4.5% on the class A4 notes.
April 28 -
A vast majority of borrowers have either graduated from one of MPOWER's eligible graduate degree programs in science, technology, engineering and math (STEM) or business.
April 25 -
EFF 2025-2 will allocate revenue collections to the notes on a pro rata basis between the class A notes and the seller's interest after overcollateralization reaches its target.
April 24 -
The sponsor launches the deal after a period of increased originations in marine and recreational vehicle loans, will secure the notes.
April 23 -
The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.
April 22 -
The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
April 16 -
Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.
April 15
