One tenant accounts for 59.7% of the leased capacity and 56.4% of annualized adjusted base rent, but also has a AAA rating.

The entire pool was originated using agency underwriting, with PennyMac being the largest originator, and accounting for 66.1 ...

Data centers across 20 markets will provide the revenues to support the notes. Also, the largest customer accounts for 6.5% ...

There is no amortization during the entire term, and interest-only payments are based on the one-month Secured Overnight ...

The transaction structure includes a revolving period of about three years that will shut out principal payments.

Notes are expected to pay a coupon of 4.5% on the A1 through M2 tranches, compared with a 5.25% coupon on the previous deal.

Throughout Kolyer's career he innovated securitization structures with commercial real estate and residential mortgages, ...

A credit analyst manually reviews the pool's underwriting decisions, instead of just leaving it all to automation.

Built around flexible capital that can grow alongside leading originators, the strategy will seek asset-based opportunities ...

The deal faces a few upfront credit challenges, including the fact that the collateral's credit quality has weakened.

Underwriting league tables of asset-backed securities through July 31, 2025 ...