Hildene Capital Closes $318.4 Million Non-QM Loan Securitization
The loan pool features a weighted average FICO of 738 and 70.6 percent loan-to-value, with a majority of the loans being owner-occupied.
- The loan pool features a weighted average FICO of 738 and 70.6 percent loan-to-value, with a majority of the loans being owner-occupied.
- Fitch rated the senior investment grade bonds AAA-BBB and Kroll rated both the IG and Non-IG bonds down to BB.
- “The close of our latest CROSS securitization underscores the opportunity we continue to see in the non-QM market,” said Justin Gregory, Portfolio Manager at Hildene.
- CROSS 2024-H1 is Hildene’s first non-QM securitization of the year, following a $332.8 million securitization of CROSS 2023-H2 in November 2023 and a $303.4 million securitization of CROSS 2023-H1 in July 2023.