RTL

Genesis Capital Closes Largest Ever Rated Residential Transition Loan Securitization

Retrieved on: 
Tuesday, April 9, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Multimedia, Morgan Stanley, Acquisition, Capital, Growth, RTL, Sale, Deutsche Bank, Goldman Sachs

Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has completed a $500 million rated securitization backed by residential transition loans (“RTL”).

Key Points: 
  • Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has completed a $500 million rated securitization backed by residential transition loans (“RTL”).
  • The transaction, which received support from 46 investors, represents the largest-ever rated residential transition loan securitization and the first rated transaction focused on ground-up construction.
  • View the full release here: https://www.businesswire.com/news/home/20240409467613/en/
    The deal’s structure featured three classes of offered bonds ranging from A (low) rated to BB (low) rated bonds.
  • “The offering will enhance Genesis’ ability to provide innovative, tailored capital solutions to high-quality developers.

Synopsys Announces New AI-Driven EDA, IP and Systems Design Solutions At SNUG Silicon Valley

Retrieved on: 
Wednesday, March 20, 2024
Cloud, Momentum, CVP, Socs, History, IP, PUF, Microsoft, 4X, Synthetic media, Intel, Webcast, 3D, Software, Ghazi, HAV, Compiler, PPA, Intrinsic and extrinsic properties, RTL, EDA, News, Acquisition, AI, Field-programmable gate array, Architecture, Samsung, AMD, Santa Clara Convention Center, Engineering, UCIe, Stunning, Ecosystem, EP2, SNPS, Generative, TSMC, Video game

SUNNYVALE, Calif., March 20, 2024 /PRNewswire/ -- Today Synopsys, Inc. (Nasdaq: SNPS) kicked off its annual flagship Synopsys User Group (SNUG) conference in Silicon Valley at the Santa Clara Convention Center with a keynote presentation by Synopsys president and CEO Sassine Ghazi. Ghazi discussed the unprecedented innovation opportunities and challenges that technology R&D teams face in this era of pervasive intelligence. He also announced new EDA and IP solutions aimed at maximizing the capabilities of the global technology engineering teams, from silicon to systems, that Synopsys serves.

Key Points: 
  • (Nasdaq: SNPS ) kicked off its annual flagship Synopsys User Group (SNUG) conference in Silicon Valley at the Santa Clara Convention Center with a keynote presentation by Synopsys president and CEO Sassine Ghazi.
  • He also announced new EDA and IP solutions aimed at maximizing the capabilities of the global technology engineering teams, from silicon to systems, that Synopsys serves.
  • The company plans to discuss its growing design IP business during this afternoon's investor meeting, which is co-located with SNUG Silicon Valley.
  • Happening March 20 and 21 in Santa Clara, Calif., SNUG Silicon Valley gathers the global Synopsys design community to discuss technology advancements, challenges, strategic collaborations, and business opportunities.

Tenstorrent and MosChip Partner on High Performant RISC-V Design

Retrieved on: 
Wednesday, March 13, 2024
Application-specific integrated circuit, Partnership, CCO, DFT, RTL, Spirit level

SANTA CLARA, Calif., March 13, 2024 /PRNewswire/ --Tenstorrent and MosChip Technologies announced today that they are partnering on design for Tenstorrent's cutting-edge RISC-V solutions.

Key Points: 
  • SANTA CLARA, Calif., March 13, 2024 /PRNewswire/ --Tenstorrent and MosChip Technologies announced today that they are partnering on design for Tenstorrent's cutting-edge RISC-V solutions.
  • In selecting MosChip Technologies, Tenstorrent stands to strongly advance both its own and its customers' development of RISC-V solutions as they work together on Physical Design, DFT, Verification, and RTL Design services.
  • "MosChip Technologies is special in that they have unparalleled tape out expertise in design services, with more than 200 multi-million gate ASICs under their belt", said David Bennett, CCO of Tenstorrent.
  • "Partnering with MosChip enables us to design the strongest RISC-V solution we can to serve ourselves, our partners, and our customers alike."

Accellera Announces IEEE 1800™-2023 Standard Available Through IEEE GET Program

Retrieved on: 
Monday, March 4, 2024
Dai, ELK, Verification, SystemVerilog, Electronics, Guaranteed Education Tuition Program, Language, Volunteering, IEEE Standards Association, EDA, API, Intellectual property, IEEE, RTL, Partnership, Consumer electronics

1800™-2023 Standard for SystemVerilog—Unified Hardware Design, Specification, and Verification Language—is now available for download without charge, courtesy of Accellera as part of the IEEE GET Program.

Key Points: 
  • 1800™-2023 Standard for SystemVerilog—Unified Hardware Design, Specification, and Verification Language—is now available for download without charge, courtesy of Accellera as part of the IEEE GET Program.
  • "Our close partnership with the IEEE Standards Association provides engineers with much needed standards fee-free,” stated Lu Dai, Accellera Chair.
  • To download the standard, visit the Accellera Downloads page/Available IEEE Standards .
  • For a list of Accellera and IEEE standards available for download at no cost, visit the Accellera Downloads page .

Global Net Lease Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
RTL, Moody's Investors Service, Common stock, Internalization, Tenant, Adjustment, Proxy, Mergers and acquisitions, GNL, Webcast, Depreciation, Times interest earned, Probability, Software, PSAS

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter and year ended December 31, 2023.

Key Points: 
  • Weighted average debt maturity was 3.2 years as of December 31, 2023 as compared to 3.9 years as of December 31, 2022.
  • 1 Based on GNL’s fourth quarter 2023 general & administrative expenses annualized for a full fiscal year.
  • 4 Weighted-average remaining lease term in years is based on square feet as of December 31, 2023.
  • 8 Projected Adjusted EBITDA annualized based on estimated Adjusted EBITDA for the quarter ended December 31, 2024 multiplied by four.

Spirit Electronics Supports Disrupted ASIC Programs Amidst Foundry Consolidations

Retrieved on: 
Wednesday, March 6, 2024
Hardware, Other Defense, Semiconductor, Retail, Contracts, Aerospace, Manufacturing, Technology, Supply Chain Management, Defense, Military, Transport, Other Manufacturing, Logistics, Engineering, Electronics, Spirit, ASIC, Texas Instruments, GDS2, Application-specific integrated circuit, Integrated circuit, RTL

Spirit Electronics, a distributor and outsourced semiconductor assembly and test (OSAT) provider, offers support for Application-Specific Integrated Circuits (ASICs) with full screen and qualification for military and space applications.

Key Points: 
  • Spirit Electronics, a distributor and outsourced semiconductor assembly and test (OSAT) provider, offers support for Application-Specific Integrated Circuits (ASICs) with full screen and qualification for military and space applications.
  • Current foundry consolidation is leaving customers with last time buys or limited access to support their ASICs.
  • Spirit can help them avoid ASIC program disruption and loss.
  • “Spirit Electronics is here to offer support for redesign if needed (meaning customers without a GDS2 or RTL files from their current provider),” says Spirit CEO Marti McCurdy.

Toorak Capital Partners Completes First Rated Residential Transition Loan Securitization

Retrieved on: 
Friday, March 1, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, Banking, Ketan, Deutsche Bank, Marketing, J. P. Morgan, Institutionalisation, Merchant, Morgan Stanley, Corporation, Housing, RTL, Bank

Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of the first-ever rated residential transition loan (“RTL”) securitization, Toorak 2024-RRTL1.

Key Points: 
  • Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of the first-ever rated residential transition loan (“RTL”) securitization, Toorak 2024-RRTL1.
  • Morgan Stanley led the offering and served as initial purchasers along with Deutsche Bank, J.P. Morgan, Performance Trust Capital Partners, and KKR Capital Markets.
  • The transaction features a two-year revolving period, during which time proceeds from loan payoffs can be reinvested in new loans.
  • To date, Toorak has issued over $3 billion in securitizations across 12 deals, including 8 unrated revolving transactions backed by RTL loans and 4 rated transactions backed by long-term investor loans on rental properties.

Prince Mario-Max Schaumburg-Lippe Celebrates His 30-Year Career in Journalism

Retrieved on: 
Tuesday, February 27, 2024
Trendsetter, ATV, Television, Instinct, BRAVO, Multimedia, Grammy Awards, Friends, News, Love, Highness, WOMAN, Parent, Government, ABC, Friede Springer, Radio, Royals, NBC, Opernball, Emmy Awards, Jewellery, Bild, ProSieben, NEWS, British royal family, German Prince, SBS6, Dynasty, CBS, RTL, Book

LOS ANGELES, Feb. 27, 2024 /PRNewswire-PRWeb/ -- Newstodayworld.org editor, TV host, and German Prince, His Highness Dr. Prince Mario-Max Schaumburg-Lippe was born in Salzburg, Europe. His first gig in journalism was conducting radio interviews at local charities for an established radio anchor who aired his segments at the tender age of 16.

Key Points: 
  • "It was such an amazing jump right into journalism, I interviewed politicians, police officers, charity mavens, and business people", Prince Mario-Max remembers, "It was beyond cool.
  • "Being in Journalism for 3 decades, you get around, and I love serious and great reporting", Prince Mario-Max expresses his approach to journalism.
  • My father Prince Waldemar wrote and photographed the most amazing books about his mother's family, the Royal House of Denmark".
  • He is currently working on new journalism awards to point out the best and the worst in the industry.

Esteemed Chief Legal Executive Joins Emerging Real Estate Investment Firm

Retrieved on: 
Tuesday, February 27, 2024
CFO, Acquisition, Multimedia, Capital market, Growth, General counsel, Genesis, Partner, RWA, Goldman Sachs, RTL, Management

WESTLAKE VILLAGE, Calif., Feb. 27, 2024 /PRNewswire/ -- Earlier this month, esteemed finance and legal executive Derrick Grüner, Esq., joined Realworld Asset Group (RWA Group) as their Chief Capital Markets Officer & General Counsel amidst the firm's rapid growth trajectory. With an extensive background spanning over a decade in the RTL (residential transitional loan) market, Grüner's experience in various key roles positions him as a valuable addition to the leadership team at RWA Group. Led by founder and CEO Justin Mitchell and co-founder & COO Kurt Daradics, RWA Group's growth and distinctiveness in the market are becoming increasingly apparent. "Our vision entails delivering a substantial and beneficial influence through RWA," articulated Daradics regarding their venture. "...RWA Group represents a premier capital procurement mechanism that bolsters the team's established proficiency in acquiring substantial quantities of top-tier RTL notes. Emphasizing a technologically empowered platform, complemented by an elite team, remains at the forefront of our strategic priorities."

Key Points: 
  • WESTLAKE VILLAGE, Calif., Feb. 27, 2024 /PRNewswire/ -- Earlier this month, esteemed finance and legal executive Derrick Grüner, Esq ., joined Realworld Asset Group (RWA Group) as their Chief Capital Markets Officer & General Counsel amidst the firm's rapid growth trajectory.
  • Led by founder and CEO Justin Mitchell and co-founder & COO Kurt Daradics , RWA Group's growth and distinctiveness in the market are becoming increasingly apparent.
  • RWA Group's strategic partnerships with esteemed vendors and the inclusion of C-level advisors across various domains showcase their commitment to excellence and innovation.
  • This recent expansion of their leadership team signifies the beginning of what promises to be a series of significant developments for the firm.

Kiavi closes $350 million revolving securitization of residential transition loans

Retrieved on: 
Monday, February 26, 2024
SAN, AI, RTL, Security (finance)

SAN FRANCISCO, Feb. 26, 2024 /PRNewswire/ -- Kiavi, a leading provider of capital to residential real estate investors, today announced it closed an approximately $350 million unrated securitization of residential transition loans ("RTLs"). This is Kiavi's 16th transaction under its LHOME shelf, bringing the company's total issuance to $4 billion+ in offered notes since it began its securitization program in 2019.

Key Points: 
  • SAN FRANCISCO, Feb. 26, 2024 /PRNewswire/ -- Kiavi , a leading provider of capital to residential real estate investors, today announced it closed an approximately $350 million unrated securitization of residential transition loans ("RTLs").
  • This is Kiavi's 16th transaction under its LHOME shelf, bringing the company's total issuance to $4 billion+ in offered notes since it began its securitization program in 2019.
  • With significant interest from both new and repeat institutional investors, the deal was upsized and oversubscribed.
  • As with prior transactions, the deal includes a two-year revolving period, during which principal payoffs can be reinvested to purchase additional newly originated loans.