Residential

First of its kind? Angel Oak securitizes $90 million in fix-and-flip loans

In a deal the company claims is a first of its kind, Angel Oak Capital Advisors recently completed a $90 million securitization backed by fix-and-flip loans.

The underlying loans were originated by Angel Oak Prime Bridge, Angel Oak Capital’s affiliated direct investment property lender.

The securitization’s structure is unique in that the terms of the underlying loans expire before the securitization does. As such, new loans will replace the paid-off loans in the securitization.

Read Article at HousingWire.com

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