The $400-million securitization was oversubscribed, despite volatile market conditions. The $400-million securitization was oversubscribed, despite volatile market conditions.

SUMMIT, NJ—Locally-based Toorak Capital Partners has reported the successful pricing of a $400-million securitization of residential bridge loans, which it termed was the largest ever issuance in the asset class.

Toorak’s securitization, Toorak Mortgage Trust 2020-1, is the fourth residential bridge loan securitization issued by the company. The completed transaction brings Toorak’s cumulative securitization volume to $1.25 billion. Each of Toorak’s securitizations represented the largest transaction size for the asset class at the time of issuance, the company stated.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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