Angel Oak Completes Third Rated Non-QM Securitization of 2017

11/29/17

Angel Oak issues $210.18 million transaction, bringing total 2017 issuance to approximately $550 million
 
ATLANTA–(BUSINESS WIRE)–Angel Oak Capital Advisors, LLC (Angel Oak) announced today that it has completed AOMT 2017-3, a $210.18 million securitization, primarily backed by non-qualified mortgages (non-QM) fully sourced through the firm’s three affiliated mortgage lenders – Angel Oak Mortgage Solutions, LLC, Angel Oak Home Loans, LLC and Angel Oak Prime Bridge, LLC.

The senior tranche of AOMT 2017-3 was oversubscribed and received AAA-ratings from both Fitch and DBRS, similar to its two previous securitizations in 2017. “The oversubscription and tight pricing on the AAA-rated bonds, as well as the expansion of the AOMT investor base, further demonstrates our program’s leadership and success in the space,” says Capital Markets Director, Lauren Hedvat.

Since 2015, Angel Oak has issued five securitizations, totaling approximately $850 million. “Angel Oak has emerged as a market leader in the securitization of non-qualified mortgages,” says Sreeni Prabhu, the firm’s co-CEO and CIO. “This third securitization of 2017 shows the tremendous growth of our Capital Markets platform. We are very encouraged to see investor confidence in Angel Oak’s product offering.”

Angel Oak’s lending platform, comprised of the three affiliated mortgage lenders, is set to surpass more than $1 billion in non-QM origination in 2017. “Our lending companies have worked extremely hard to develop innovative products that help credit-worthy borrowers obtain financing. Originating over $1 billion in non-QM loans this year is a testament to their efforts,” says Prabhu.

About Angel Oak Capital Advisors, LLC

Angel Oak Capital Advisors is an alternatives credit manager with expertise across all segments of mortgage and structured credit. Its experienced investment team focuses on identifying dislocations across the credit markets created by macroeconomic, financial or regulatory events, thus allowing them to create products and services to help its clients extract value from the opportunities.

As of September 30, 2017, Angel Oak Capital had approximately $7.4 billion in assets under management across its mutual funds, private funds and separately managed accounts.

For more information, please visit www.angeloakcapital.com.

About Angel Oak Home Loans, LLC

Angel Oak Home Loans is a full-service mortgage lender. In addition to offering traditional mortgage products, Angel Oak specializes in innovative alternative lending options. Angel Oak Home Loans’ flexible, supportive approach empowers prospective homebuyers to embark on a new path with confidence. Angel Oak’s experienced team of licensed mortgage advisors is leading the way by delivering start-to-finish mortgage support and a superior client experience.

For more information, please visit: www.angeloakhomeloans.com.

About Angel Oak Mortgage Solutions, LLC

Angel Oak Mortgage Solutions is a leader in alternative lending solutions and a top wholesale provider of non-qualified mortgage loans. Angel Oak’s team of mortgage experts continues to pioneer a fresh, common sense approach to overcoming today’s mortgage lending challenges. Operating in 35 states, their breadth of Non-Agency products expands the pool of borrowers by offering partners more opportunities to grow their business and better serve their customers.

For more information, please visit www.angeloakms.com.

About Angel Oak Prime Bridge, LLC

Angel Oak Prime Bridge is a commercial residential lender providing financing solutions for today’s real estate investor. The company was created in 2011 by individuals with extensive lending experience in the residential and commercial lending space. Their lending philosophy is founded upon a tenet of providing innovative portfolio loan programs, while consistently delivering an exceptional client experience, for both borrowers and referral partners.

For more information, please visit: www.angeloakprimebridge.com.

 
Contacts
Media Contact:
Gregory FCA for Angel Oak Capital Advisors
Alex Nye, 610-228-2287
alexn@gregoryfca.com
or
Company Contact:
Angel Oak Capital Advisors
Randy Chrisman, 404-953-4969
Marketing Director
randy.chrisman@angeloakcapital.com