Saluda Grade Awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards
20 Mayo 2024 - 10:10AM
Business Wire
Saluda Grade, an alternative asset management platform focused
on emerging asset classes within the U.S. real estate sector, is
thrilled to announce being awarded both RMBS Issuer of the
Year and RMBS Deal of the Year at the 2024
GlobalCapital US Securitization Awards held Thursday, May 16th
in New York City.
Saluda Grade was awarded Residential Mortgage-Backed Securities
(RMBS) Issuer of the Year over industry giants, including Freddie
Mac and Fannie Mae, cementing its leadership position in the RMBS
securitization market.
The RMBS Deal of the Year, UNLOK 2023-1, was a groundbreaking
close of the industry's first rated securitization backed by Home
Equity Agreements (HEAs). This securitization has helped solidify
HEAs as a well-structured consumer finance product valuable to both
homeowners and investors.
The GlobalCapital US Securitization Awards feature leading
banks, issuers, deals, investors, and service providers within the
industry. The awards showcase those firms recognized as leading
sponsors within their peer group, with winners selected through an
industry vote.
"These wins are a testament to the dedication of our team and
our continued effort to deliver differentiated investment
opportunities to the securitization markets and our institutional
investor partnerships," said Saluda Grade Founder & CEO Ryan
Craft.
Saluda Grade had a solid finish to 2023, closing five deals
(~$1.6B in total) in Q4. Included among these deals was the
inaugural securitization of Home Improvement Loans originated by
Momnt and the largest ever construction loan securitization, which
was comprised of loans originated by Builders Capital. The momentum
has continued in 2024 with Saluda Grade closing an additional five
deals (~1.3B in total) year to date.
Overall, Saluda Grade has completed 33 securitizations (~$7.8B
in total) since its inception, establishing itself as a market
leader across alternative mortgage and residential adjacent
assets.
About Saluda Grade
Saluda Grade is an alternative asset manager focused on
opportunities in asset backed finance, real estate debt and equity,
and hard asset sectors. Headquartered in New York City, the Firm
was founded in 2019. See saludagrade.com for additional
information.
Disclaimer:
This press release is for informational purposes only and is
neither an offer to sell nor the solicitation of an offer to any
for any other securities, and shall not constitute an offer,
solicitation or sale. Any offers will be made only by means of a
private offering memorandum.
The RMBS Issuer of the Year award for 2023 was open to anyone
active in the securitization market and recipients of the award
were based on organizations which had been involved in the most
innovative or challenging transactions, the quality of execution
and structuring; investment, growth, and progression in the
business, or those who stood out for the breadth and depth of their
securitization franchises. There were 7 finalists considered for
this award. Saluda Grade did not pay a fee to be considered for
this award.
The RMBS Deal of the Year award for 2023 was open to all US RMBS
deals issued in 2023. Deals were considered based on their impact
on the market, how well they timed and read the market and their
reach among investors, as well as innovation. There were 5
finalists considered for this award. Saluda Grade did not pay a fee
to be considered for this award.
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Saluda Grade General Inquiries: info@saludagrade.com Saluda
Grade Media Contact: Kate Rambo (617) 794-3825
krr@wealthmattersconsulting.com