
Hometap Closes $278 Million Securitization Backed by Home Equity Investments
Key Highlights:
- Hometap closes $278 million securitization backed by home equity investments on October 3, 2024.
- Morningstar DBRS rated Class A and Class B tranches totaling $229 million.
- This follows the successful HTAP 2024-1 debut earlier this year, expanding Hometap’s securitization platform.
- Five new investors participated, showing growing interest in HEI assets.
- Nomura and Texas Capital Securities served as co-structuring leads and joint bookrunners.
Source: Business Wire
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