Friday, March 16, 2018

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

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