Alston & Bird Advises loanDepot on Closing $200 Million Securitization

Alston & Bird client Hilton Grand Vacations (HGV) has completed a $293 million securitization of both HGV and legacy Diamond vacation ownership loans through Hilton Grand Vacations Trust 2023-1. Three classes of notes were issued by HGVT, including approximately $187 million of Class A notes, approximately $79 million of Class B notes, and approximately $27 million of Class C notes.

Alston & Bird client Hilton Grand Vacations Inc. has closed a $269 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-2. This marks a second ABS transaction in 2022 for HGV. The transaction features four classes of securities: approximately $153 million of Class A notes; approximately $73 million of Class B notes; approximately $26 million of Class C notes; and approximately $17 million of Class D notes.

Alston & Bird client Hilton Grand Vacations Inc. has completed an upsized revolving warehouse facility for $750 million, which will accommodate both right-to-use and deeded inventory. 

Alston & Bird client Hilton Grand Vacations Inc. has closed a $246 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-1D.

Alston & Bird advised Radian Mortgage Capital (RMC) on closing its inaugural $348.9 million 2024-J1 securitization of prime jumbo residential real estate loans. RMC was formed to provide residential mortgage lenders with an additional secondary-market option for high-quality loans and to provide mortgage investors with a trusted, high-quality sponsor. Consistent with Radian’s stated strategy, RMC expands the company’s capabilities to participate in the mortgage market to aggregate, manage, and distribute residential mortgage credit risk.