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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Pricing guidance on the deal puts yields on the AAA notes at 5.9% and they range to 9.1% on the B- notes, and all of the certificates are priced over the three-month interpolated yield curve.
May 30 -
The portfolio consists of about 75.8% PPA agreements and 24% lease agreements, when measured by customer contracts with monthly payments
May 29 -
The pool luxury vehicle loans, which represent 5.4% of the pool, an increase from 4.0% from the level seen in VEROS 2023-1. The luxury vehicles had an average balance of $227,457, compared with $17,681 for all the loans in the pool.
May 29 -
Marlette Funding partnered with Cross River Bank to originate the Prime loans, which account for 86.3% of the pool.
May 28 -
Firstrust Savings Bank and First Citizens Bank originated the loans, all of which are in-school, and a vast majority of the loans in the pool, 82.0%, are fixed rate.
May 24 -
This is the inaugural deal for the Texas-based, state-chartered lender, which offers a prime portfolio of auto contracts from total assets of $2.5 billion.
May 23 -
Fitch gave the resort a B+ property quality grade, and it increased its loan-to-value hurdles by 8.75% to reflect the collateral quality.
May 23 -
Professionals also must grapple with the issue of wanting liquidity on assets in an era of low production.
May 22 -
While the total credit enhancement package is higher to overcollateralization, which represents 1.00% of the pool balance, was lower than the 3.00% seen on the HGVT 2023-1 deal.
May 20 -
Western Benefits Group initiated contracts with student loan borrowers extracting monthly fees upfront, while claiming to negotiate debt consolidation through a supposed affiliation with the Department of Education, the CFPB said.
May 20
