Glen Fest

The initial public offering of 1.2 million shares of Eagle Point Income Co. raised $23.1 million.

Two decades after "Bowie Bonds," $560M in new asset-backed notes will allow investors to buy into revenue streams of SESAC's 35,000 musical acts.

While property assessed clean energy financing slows elsewhere (especially California), a renewables push through both NYC and state measures may turn the Empire State into a new focal point for PACE.

Jefferies is housing the initial round of $300 million in loans under a repurchase agreement with four lenders, as well as with the trust established for the transaction in Jefferies’ standing as the repo seller.

The marketplace lender is marketing its third deal of 2019, and second issuance of notes through a newly formed master trust backed by unsecured consumer loans.

The $292.4 million Home Partners of America 2019-1 transaction pools 1,168 single-family home and townhome/condo properties that give tenants right-to-purchase options.

The $1.11 billion Ford Credit Auto Lease Trust (FCALT) 2019-B has 20.2% of the securitization value tied to leases with terms over 36 months – up from 14.4% in FCALT 2019-A. It's the largest percentage for a Ford lease ABS deal since 2014.

An IACPM quarterly survey released Thursday revealed a growing share of managers who expect to see an unfavorable spread environment amid growing signs of softening in the credit market, along with early indications of weakness in European and U.S. manufacturing.

Navient’s next securitization of private student-loan refinancing will involve only loans primarily issued to advanced-degree professionals by online lender Earnest, which Navient acquired in 2017.

The RMBS transaction is only the second deal JPMorgan's trust has issued for non-qualified loans issued under asset-level exceptions for high-net-worth and self-employed borrowers.

The 20 whole loans in the transaction are secured by Bridge's weakest-rated collateral pool to date, compared to three prior Bridge REIT deals.

Verus Securitization Trust 2019-INV2 is backed by investor loans secured by 1,042 rental properties. The loans were originated by 76 different lenders.

Occidental Management is sponsoring a single-asset, single-borrower deal through JPMorgan backed by the fee simple interest from receivables of a lease-buyback arrangement with Sprint Corp.

China has few alternatives to replace its dependence on the U.S. market for soybeans, its major U.S. agricultural export, according to Moody’s.

For the first time, the captive-finance lender has also opted to add SOFR-based benchmark rate "fallback" plans into one of its deals, which would stand in for one-month Libor should the London interbank offered rate becomes unavailable in 2021.

MPL securitizations have yet to face a credit-cycle test. The discussion over how they will handle one is intensifying.

The global structured credit investment firm is pricing its first European deal since opening a London branch last year. It announced the hiring of its first UK-based analyst team Tuesday.

The collateral consists mainly of older homes that average 53 years (with a range of one to 129 years old). None of CoreVest’s SFR transactions since launching the platform in 2015 have eclipsed that average.

Despite rising delinquency levels, borrower performance on the underlying mortgages in GSE credit-risk transfer securitizations is strong enough to warrant ratings upgrades to more than half of nearly 1,200 outstanding note classes.

The global alternative asset manager is buying a majority stake in the investment advisory of CM Finance, which lends and makes equity investments in middle-market companies.