A&D Mortgage Unveils New Non-QM Securitization: ADMT 2025-NQM1
(Fort Lauderdale, FL) – A&D Mortgage, a leading provider of non-QM and residential mortgage-backed securities (RMBS), is pleased to announce the successful launch of its latest securitization, A&D Mortgage Trust 2025-NQM1 (ADMT 2025-NQM1). This $458.93 million transaction marks another milestone in the company’s commitment to expanding financing solutions for borrowers with diverse income profiles.
The transaction is backed by a pool of 1,290 loans, featuring a weighted average credit score of 745, and a weighted average combined loan-to-value (CLTV) ratio of 68.91%. The securitization comprises both prime and nonprime loans, including bank statement, debt service coverage ratio (DSCR), and other alternative income documentation products. Approximately 45% of the loans are investment property loans, reinforcing A&D Mortgage’s strong foothold in the non-QM lending space.
Key Highlights of ADMT 2025-NQM1
- Transaction Volume: $458.93 million
- Loan Count: 1,290
- Loan Origination: All loans originated by A&D Mortgage or its qualified correspondents
- Average Borrower Credit Score: 745
- Weighted Average Combined Loan-to-Value (CLTV): 68.91%
- Percentage of Non-QM Loans: 38.43%
- Percentage of Investment Property Loans: 45.01%
- Credit Enhancement: Excess spread and subordination to protect senior certificates
- Servicer: 100% A&D Mortgage LLC
The deal includes multiple classes of rated certificates, with AAA rating assigned to the senior tranche, highlighting the strength of the underlying loan pool and the credit enhancement structure. Initial purchasers for the transaction include Nomura Securities International, ATLAS SP Securities (a division of Apollo Global Securities), Barclays Capital, BMO Capital Markets, BNP Paribas, Guggenheim Securities, Jefferies, Mizuho Securities USA, Academy Securities, AmeriVet Securities, and Piper Sandler & Co.
As part of A&D Mortgage and Imperial Fund Asset Management’s (“Imperial Fund”) ongoing efforts to enhance operational efficiency and investor transparency, the companies have partnered with Clearwater Analytics to strengthen investment reporting and portfolio management. Leveraging Clearwater’s advanced data management solutions, A&D Mortgage and Imperial Fund will refine compliance processes, improve risk assessment, and enhance reporting accuracy for institutional investors across our investment strategies.
The transaction was sponsored by Atlas A&D Opportunity Fund III LLC, with A&D Mortgage LLC serving as the loan originator, servicer, and representations and warranties provider. The deal is expected to close on March 13, 2025.
To learn more about the program, visit www.admortgage.com. To learn more about investment strategies, visit www.imperialfund.com.
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About A&D Mortgage
As a premier direct lender, A&D Mortgage offers a full spectrum of Conventional, Government, and Non-QM loan products with 24-hour turnaround times and some of the most competitive rates in the industry. In addition to their Prime Jumbo loan product, A&D Mortgage offers programs for Prime borrowers, Foreign National borrowers, as well as borrowers with imperfect credit histories. Programs with no income verification are also offered for investment property loans. The company offers free concierge services, bank statement reviews, marketing tools and resources, and more to support the brokers they serve. In 2024, A&D Mortgage received several prestigious industry awards, including being officially verified as the #1 Non-QM Lender and a Top 3 DSCR and Bank Statement Lender by Scotsman Guide. They were also named a Top 10 Wholesale Lender by Forbes, awarded a Stevie for Innovative Mortgage Technologies, and received a Globee for Achievement in Artificial Intelligence.
About Imperial Fund Asset Management
Imperial Fund Asset Management (“Imperial Fund”) is the investment manager for Imperial Funds founded in 2014 and headquartered in Fort Lauderdale, FL. Imperial Fund seeks to achieve attractive risk-adjusted returns by exploiting inefficiencies in the residential and commercial real estate lending market. Imperial Fund acquires and manages investment portfolios primarily comprised of mortgage loans, real estate debt securities, loans, and related instruments. Imperial Fund’s team combines a deep understanding of credit, loan level analysis, acquisition and management of mortgage loans, and mortgage origination platforms. Imperial employees bring more than 55 years of combined experience in residential and commercial mortgage origination, asset and risk management, finance, capital markets, and structured finance.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN) is a global, industry-leading SaaS solution that automates the entire investment lifecycle. With a single-instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments rely on Clearwater’s trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types. For more information, visit clearwateranalytics.com.
A&D Mortgage, LLC is an Equal Housing Lender. NMLS ID #958660. 899 W Cypress Creek Rd, Fort Lauderdale, FL 33309. For important disclosures and state licensing information: https://admortgage.com/important-disclosures/