Florida-based non-QM lender A&D Mortgage on Friday announced an offering of $458.9 million in residential mortgage-backed securities (RMBS), calling it “another milestone in the company’s commitment to expanding financing solutions for borrowers with diverse income streams.”

The RMBS deal, done in partnership with Imperial Fund Asset Management and Clearwater Analytics, is expected to close on March 13. There are 11 initial investors in the transaction, according to a press release, including Nomura Securities International, Barclays Capital, BMO Capital Markets, BNP Paribas, Jefferies and Piper Sandler & Co.

The transaction is backed by a pool of 1,290 loans, with 45% of details ⇒

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