Dominion Financial Successfully Closes $150 Million Securitization with 464 Residential Transition Loans

Dominion Financial Successfully Closes $150 Million Securitization

Dominion Financial Services, a prominent private lender catering to real estate investors across the United States, recently achieved a significant milestone by closing a substantial $150 million securitization. This financial operation is supported by a diverse portfolio of 464 Residential Transition Loans (RTLs), confirming the robust demand for investment-backed real estate debt in today's market.

The transaction is a testament to Dominion Financial's strong positioning in the competitive short-term lending landscape. Performance Trust Capital Partners played a pivotal role as the bookrunner for this transaction, aiding in the structuring and placement of the deal with a wide array of institutional investors.

The portfolio resulting from this securitization exclusively comprises fix-and-flip loans. These loans facilitate short-term financial support for investors involved in acquiring, renovating, and subsequently reselling residential properties. With over two decades of expertise in dealing with RTLs, since its establishment in 2002, Dominion Financial continues to be an essential funding source for both small and mid-sized investors striving to enhance the housing market in America.

Ross Podbielski, who oversees Capital Markets at Dominion Financial, expressed satisfaction with the completion of this securitization, noting, "Our story was well received." He attributed this response to the firm's long-standing presence in the RTL market and the quality service it has consistently provided. As a privately-operated entity, Dominion Financial is recognized for creating partnerships that yield high-quality RTL loans.

Focusing on credit quality, diversification, and overall performance, the 464 loans included in this portfolio span various markets across the nation. Each loan was carefully underwritten in-house by Dominion Financial's dedicated team, which prides itself on delivering speed, exemplary service, and a no-appraisal model. This approach enables the lender to originate RTL loans on a larger scale while upholding rigorous underwriting standards.

Jack BeVier, a partner at Dominion Financial, shared his enthusiasm for the deal, saying, "It was great to get back into the RTL market with this deal." Referring to the company’s previous securitization in 2021, he indicated that its performance was exceptional and expressed excitement for the future. BeVier mentioned plans for Dominion Financial to continue issuing bonds annually, highlighting this securitization as a successful kickoff to ongoing initiatives.

This latest financial maneuver is part of a broader strategy by Dominion Financial to enhance RTL originations, ensuring that it can provide reliable and swift funding solutions to an expanding number of real estate investors, even amid fluctuating market conditions.

About Dominion Financial

Dominion Financial stands out as a comprehensive lending entity focused on residential real estate. Their wide array of financing solutions includes not only Fix-and-Flip financing but also options for 30-Year Rentals, Ground-Up Construction, and Multifamily Bridge Loans. With their reputation for being a one-stop shop, Dominion Financial is well-equipped to meet diverse real estate investment needs. For further information about their services, you can visit Dominion Financial Services.