Saluda Grade Alternative Mortgage Trust Token

GRADE2020-FIG1


Price
$1 USD (0%)

24h Volume
0

Market Cap
$308,000,000

Last Trade
August 31, 2020

Last Trade
August 31, 2020
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GRADE2020-FIG1 Price

Trading History

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Terms

Fundraise Information

Total Raise $308,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $0 USD
Accepted Investors US Accredited
Exemptions TBA
Instrument HELOC Securitization
Token Issuance Info Institutional Transaction

Token Information

Price Per (GRADE2020-FIG1) $1 USD (0%)
Token Issuance Platform Figure Securities
Blockchains Available On Provenance
Security Type Fixed Income
Asset Class Debt
Payment Options USD

Token Rights

N/A

About

Overview

On August 31, 2020, Saluda Grade Asset Management LLC (“Saluda Grade”) closed the largest HELOC securitization (“GRADE 2020-FIG1”) in the US since the Global Financial Crisis of 2007-2008, as well as the largest securitization backed by loans originated, serviced, financed, and sold using blockchain technology.

Sponsor and Seller: Saluda Grade Opportunities Fund LLC
Originator and Servicer: Figure Lending LLC
Date: 8/31/2020
Country/Jurisdiction: United States
Size (USD): $308M
Length: N/A
Interest Rate: N/A

While GRADE 2020-1 was issued only 6 months after FLOC 2020-1, the deal achieved a marked improvement in financing terms and gross execution. This was attributed to Figure's automated, data-driven underwriting process, as well as the availability of real-time servicing data that provides instant visibility to collateral performance, according to the whitepaper.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

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