Esoteric

Total Engine Asset Management, or TEAM, is sponsoring an ABS totaling $$256.98 million backed by leases and asset values of 30 engines on lease (or contracted to lease) to 13 airlines in 11 countries.

Macro factors point to a solid year in the securitization market but wild cards abound, many of them political.

Octane Receivables Trust 2019-1 is a $210.9 million transaction involving fixed-rate loans to prime and non-prime borrowers financing the purchase of all-terrain and utility-task vehicles, as well as dirt bikes, motorcycles, mowers, tractors, snowmobiles and personal watercraft.

Instead of marketing securities backed by commercial property mortgages, STORE Capital chooses the more esoteric option of securitizing the income from its triple-net leases – a similar strategy to REITS such Spirit Realty Capital and SCP Financial.

The tech-driven asset management firm announced it had closed a $115 million asset-backed securities deal led by Cantor Fitzgerald, with unsecured consumer loans acquired from Prosper Marketplace.

The new $258.4 million NP SPE IX transaction is scheduled to pay off in just seven years, compared to 10 years on NP's last deal in 2017.

Harley-Davidson Credit Corp.'s first securitization in three years coincides with its parent firm's struggles to cope with steep EU retaliatory tariffs.

Few changes were made from Verizon Wireless' previous transaction this year, including the standard credit enhancement levels of most of Verizon's recent DPP transactions.

After a six-month dry spell, securitization activity for marine cargo shipping container leases is starting to thaw out with a second deal this spring.

Nearly 67% of the loans in the $309 million loans and repossessed properties backing FASST 2019-HB1 were obtained from a 2017 deal that was recently collapsed.