Toorak closes $350m bridge loan RMBS deal
Real estate investment firm Toorak Capital has closed a $350m securitization, the largest residential bridge loan RMBS to date.
The deal, Toorak Mortgage Trust 2019-2, is the firm’s third securitization, following deals priced in August 2018 and March of this year. Deutsche Bank was the lead arranger of the transaction, with Morgan Stanleyacting as joint bookrunner. The senior bonds were priced to yield ...
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