NEW YORK--(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.
