Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors fleets
The new, $500 million transaction is not only larger, enabling Kabbage to make more loans; it will also be backed by a different mix of products, including some with longer terms, according to Kroll Bond Rating Agency.
The Class B notes for both Diamond Resort Owner Trust 2015-1 and 2015-2 were placed on watch last August due to the high levels of loan repurchases or loan substitutions conducted by the trust to replace defaulted loans.
John Deere Owner Trust 2017 is a $758.64 million transaction featuring four classes of fixed-rate Class A notes, similar in structure to previous deals including its $756 million JDOT 2016 and the $995.8 million JDOT 2015 transactions.
The deal, which was announced Wednesday, follows a 2015 agreement under which Jefferies committed to buy $100 million in Bond Street loans.
Treasurer, Head of Asset Management
Firm: NewStar Financial
It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.Current Issue