Vista Point Financial Holdings Completes $333.98 Million Securitization

Vista Point Financial Holdings, LLC announced the completion of a $333.98 million securitization backed by nonagency closed end second lien mortgage loans. This securitization, identified as Vista Point Securitization Trust 2024-CES1, includes six classes of fixed-rate notes. The notes were rated by DBRS, Inc. from AAA to B spread across various classes, through a private offering under Rule 144A. The issuance marked the fourth of its type by Vista Point, consolidating over $5.1 billion in nonagency residential loans since 2019.

William Ashmore, President and CEO of Vista Point, highlighted this milestone as a validation of the CES mortgage loan asset class which the company pioneered in early 2022. The offering drew attention with several classes, notably the AAA rated, experiencing oversubscription. ATLAS SP Securities and J.P. Morgan Securities LLC played pivotal roles as Structuring Agent, Lead Bookrunner, and Joint Bookrunner, respectively. Legal representation was provided by Dentons US LLP.