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

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

Toorak's securitization, Toorak Mortgage Trust 2020-1, is thefourth residential bridge loan securitization issued by thecompany. The completed transaction brings Toorak's cumulativesecuritization volume to $1.25 billion. Each of Toorak'ssecuritizations represented the largest transaction size for theasset 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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