Vista Point Achieves $333.98 Million Milestone In Mortgage Loan Securitization

Vista Point Financial Holdings, LLC ("Vista Point"), a prominent mortgage origination and investment platform, has announced the completion of its $333.98 million securitization. This transaction is backed by nonagency closed-end second lien (CES) owner-occupied and investor mortgage loans. This marks the fourth issuance for Vista Point, which has acquired and originated over $5.1 billion in nonagency residential loans since its inception in 2019.

The securitization, named Vista Point Securitization Trust 2024-CES1, closed on May 14 and included six classes of fixed-rate notes offered to investors. These classes are Class A-1, Class A-2, Class A-3, Class M-1, Class B-1, and Class B-2. DBRS, Inc. rated these classes as AAA, AA, A, BBB, BB, and B respectively. The offering was conducted privately under Rule 144A of the Securities Act of 1933.

William Ashmore, President and CEO of Vista Point, stated, "Vista Point was the first large-scale platform to develop nonagency CES mortgage loans in early 2022. With over $520 million in CES production and this successful securitization, the markets have validated this asset class." He expressed gratitude to business partners and employees for their contributions to this milestone.

Jim Malloy, COO and EVP Capital Markets, added that the deal saw multiple oversubscriptions in the AAA class with participation from 18 investors. He also noted strong demand throughout the rest of the capital stack. Malloy thanked both long-term investors and new participants for their involvement.

ATLAS SP Securities, a division of Apollo Global Securities, LLC, served as Structuring Agent, Lead Bookrunner, and an Initial Purchaser for this transaction. J.P. Morgan Securities LLC also participated as Joint Bookrunner and an Initial Purchaser. Dentons US LLP represented Vista Point as Issuer’s counsel.

Vista Point offers a comprehensive suite of nonagency first lien and closed-end second lien owner-occupied and investor mortgage loan products across nearly all 50 states. These products are designed to meet the financing needs of self-employed individuals and W-2 borrowers underserved by traditional lending platforms.

The company is strategically positioned at the intersection of alternative credit and nonagency residential mortgages. Its vertical platform enables diversified exposure for investors to this asset class in whole loan, securitized or structured form that meets investment objectives and operational requirements.

Experienced Leadership

Vista Point’s senior management and operational teams bring decades of experience in residential agency and nonagency mortgages. They have managed multibillion-dollar portfolios through various credit cycles with a focus on origination, operations, and long-term investment.

For more information about Vista Point Financial Holdings or its CES-centric offerings that benefit borrowers by keeping their low-rate first lien while obtaining a CES instead of a traditional cash-out refinance, visit their corporate website at https://vistapointfh.com/home or their CES-centric website at https://blendedrate.com.

Contact: Jim Malloy
COO, EVP Capital Markets
Email: [email protected]
Office: (949) 333-3326