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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The deal has a prefunding period through July, when more non-prime collateral can be purchased and added to the pool.
May 21 -
The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
May 20 -
BAAT Auto Trust series 2025-1, has a super-prime underlying borrower base, as FICO scores exceeding 800 made up 55.2% of the pool.
May 20 -
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.
May 19 -
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.
May 19 -
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
