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Saluda Grade Taps Securitization Market Again with FIGURE HELOC Deal


Saluda Grade Taps Securitization Market Again with FIGURE HELOC Deal
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NEW YORK and SAN FRANCISCO (PRWEB)
March 09, 2021
Saluda Grade Asset Management (“SGAM”)¹, a private alternative real estate investment firm, announced the successful closing of a $150 million unrated securitization backed by home equity lines of credit originated and serviced by Figure Lending LLC (“Figure”). The transaction, GRADE 2021-FIG2, closed on February 26th and is the fifth securitization issued and sponsored by an SGAM-managed fund. The deal also marks the second time the two companies have come to market in six months.
Figure Technologies, Inc., a portfolio investment held in a fund of Saluda Grade Ventures (“SGV”) 1, the venture arm of Saluda Grade, has worked closely with the Saluda Grade Advisory (“SGA”) team to access more scalable capital through institutional partners. ....

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