Institution review
We assess the creditor's licence or registration, regulatory standing, capital position, servicing capability and historical loss experience before any pool is examined.
Mortgage-Secured Institutional Lending
Wholesale funding for regulated private creditors and lending institutions, secured on their portfolios of performing real estate mortgages.
Capital for the lenders behind the mortgages
Regulated private creditors, specialist mortgage lenders and credit institutions originate secured real estate loans faster than their own capital recycles. The constraint is rarely demand or credit quality — it is funding capacity between origination and take-out.
We provide warehouse lines, term facilities and portfolio acquisition finance secured on those mortgage receivables and the charges supporting them. The institution keeps its client relationships and its servicing; we take security over the pool, monitor a borrowing base and fund against eligible balances.
Where collateral is bullion or transferable securities rather than mortgage receivables, see our gold-secured and securities-backed facilities.
How the facility works
Institution first, portfolio second, security third. Nothing is funded before the charge is enforceable.
Portfolio eligibility
Eligibility criteria are agreed at term sheet stage: lien position, loan-to-value caps, borrower concentration, property type, seasoning, arrears status and jurisdiction.
Loan file and valuation diligence
A sample of loan files is reviewed for enforceable security, registered charges, title insurance where applicable, and independent valuations of the underlying real estate.
Security and control
The facility is secured by assignment or pledge of the mortgage receivables and related charges, with collections directed to a controlled account before any drawdown is made.
Borrowing base and reporting
Availability is tested against a borrowing base recalculated on each reporting date, supported by loan tapes, arrears reporting and servicer statements.
Servicing continuity
The creditor continues to service its own book. A back-up servicing arrangement and step-in rights protect the pool if performance thresholds are breached.
Why institutions use it
Origination capacity
Fund a growing mortgage book without waiting for repayments to recycle capital into new lending.
Warehouse before take-out
Hold newly originated loans on a funded line pending a securitisation, forward flow sale or bank refinancing.
Balance sheet efficiency
Release equity trapped in seasoned performing receivables and redeploy it into higher-yield origination.
Portfolio acquisition
Finance the purchase of a mortgage portfolio from another creditor, fund or resolution process.
How our structure differs
Regulated counterparties only
We lend to licensed or registered credit institutions and supervised private creditors. We do not fund unlicensed lending activity in any jurisdiction.
Security tested before funding
Charges must be registered and enforceable in the relevant jurisdiction before drawdown. Where enforceability cannot be evidenced, the pool is excluded.
Transparent borrowing base
Eligibility criteria, haircuts and concentration limits are fixed in the documentation, not adjusted unilaterally after signing.
Servicing respected
The relationship with the underlying mortgagors stays with the originating creditor. Step-in is a remedy of last resort, not an operating assumption.
What we require
- Licence, registration or supervisory correspondence evidencing regulated status
- Audited financial statements and current capital and liquidity position
- Loan tape for the proposed pool, with arrears and loss history by vintage
- Underwriting, valuation and collections policies, and servicing arrangements
- Beneficial ownership, sanctions and anti-money-laundering clearance
- Executed facility agreement, security assignment and account control documentation
Questions
- Do you lend directly to homeowners or property buyers?
- No. These facilities are wholesale. Our borrower is the lending institution; the mortgages it holds are the collateral.
- Must the mortgages be first-ranking?
- As a rule, yes. Second-ranking or junior positions are considered only selectively, at materially lower advance rates.
- Who continues to collect from the underlying borrowers?
- The originating creditor remains the servicer of record. Collections are routed through a controlled account for the duration of the facility.
- Can non-performing pools be financed?
- Performing pools are our focus. Where a portfolio includes arrears, those loans are treated as ineligible for borrowing base purposes.
Discuss a mortgage-secured facility
Share your regulated status, the composition of the pool and the funding requirement, and we will revert with an indicative structure.
Information on this page is provided for general information only. It does not constitute an offer of credit, a commitment to lend, or investment advice. All facilities are subject to counterparty and portfolio diligence, compliance clearance, credit approval and executed documentation.