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Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.
March 27
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Borrowers are considered prime in this pool, but Fitch Ratings notes that delinquency rates have been increasing since 2022.
March 21
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Total hard credit enhancement will represent 4.5% of the note balance, and initial reserves amounting to 2.0% of the pool.
March 20
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The pass-through certificates are supported by a full pool of amortizing loans, which have no interest-only periods.
March 12
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A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
March 10
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Over 85% of the collateralized loan obligation's total dollar value will be comprised of apartment complexes and hospitality and industrial properties.
March 10
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The fund closes ahead of separate news that it formed the Private Real Estate Credit platform, which will originate senior and subordinated commercial real estate loans.
March 5
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Total delinquencies as a percentage of John Deere's managed portfolio was 3.06%, an increase since 2022. That aligns with the decline in corn and soy prices in the same period.
March 3
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Amortization will start after the deal's two-year revolving period, when the trust will deposit revenue including collections and upgrades into the acquisition account.
February 26
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Small-balance commercial mortgages, SBA 504 and investor loans, all first-lien, make up the collateral pool.
February 24
