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Saluda Grade Delivers Spring EQ to Securitization Market


Saluda Grade Delivers Spring EQ to Securitization Market
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NEW YORK and SAN FRANCISCO (PRWEB)
December 18, 2020
Saluda Grade Asset Management (“SGAM”), a private alternative real estate investment firm, today announced the successful closing of its 3rd securitization since July 2020. The transaction, GRADE 2020-SEQ1, closed on December 8th and is backed by qualified mortgage closed-end second liens originated by Spring EQ, a Philadelphia-based private lender.
The issuance marks the first securitization backed exclusively by Spring EQ-originated home equity loans and the second time Saluda Grade has brought a first-time originator to market this year.
“As our platform continues to grow, Saluda Grade is well-positioned to drive value for our investors, while also delivering attractive, in-demand assets to the institutional capital markets,” said Ryan Craft, CEO of Saluda ....

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