Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year.
KBRA Assigns Preliminary Ratings to Saluda Grade Alternative Mortgage Trust 2022-2 (GRADE 2022-SEQ2) streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Saluda Grade Delivers Spring EQ to Securitization Market
Share Article NEW YORK and SAN FRANCISCO (PRWEB) December 18, 2020 Saluda Grade Asset Management (“SGAM”), a private alternative real estate investment firm, today announced the successful closing of its 3rd securitization since July 2020. The transaction, GRADE 2020-SEQ1, closed on December 8th and is backed by qualified mortgage closed-end second liens originated by Spring EQ, a Philadelphia-based private lender.
The issuance marks the first securitization backed exclusively by Spring EQ-originated home equity loans and the second time Saluda Grade has brought a first-time originator to market this year.
“As our platform continues to grow, Saluda Grade is well-positioned to drive value for our investors, while also delivering attractive, in-demand assets to the institutional capital markets,” said Ryan Craft, CEO of Saluda Grade. “Providing