Imperial Fund Asset Management and AD Mortgage Сlose $602.7M Non-QM Securitization (ADMT 2026-NQM2)

(Fort Lauderdale, FL) – AD Mortgage, an issuer of Non-QM Residential Mortgage-Backed Securities (RMBS), is pleased to announce the closing of its second and largest securitization of the year, A&D Mortgage Trust 2026-NQM2 (ADMT 2026-NQM2), on March 4, 2026. AD Mortgage mandated J.P. Morgan Securities LLC as Structuring Lead; ATLAS SP, Barclays, Mizuho, Nomura, and Morgan Stanley as Joint Bookrunners; and Academy Securities, Piper Sandler, AmeriVet Securities, and Natixis as Co-Managers.

The $602.7 million transaction marks Imperial Fund Asset Management’s (“Imperial Fund”) and AD Mortgage’s 30th securitization.

This is the tenth securitization sponsored by Atlas A&D Opportunity Fund III (Imperial Fund’s most recent investment vehicle established in partnership with Atlas Merchant Capital). This transaction is the fifth securitization completed in collaboration with Canyon Partners, who made a capital commitment of $250 million to sponsor ADMT non-agency loan securitizations. For more details, please see the press release here.

The ADMT 2026-NQM2 transaction underscores the continued development of Imperial Fund’s and AD Mortgage's securitization platform, providing investors with access to diversified pools of high-quality mortgage-backed securities.

• Transaction Volume: $602.7 million
• Loan Count: 1,793
• Loan Origination: Majority of loans originated by A&D Mortgage or its qualified correspondents
• Average Borrower Credit Score: 748
• Weighted Average Combined Loan-to-Value (CLTV): 68.56%
• Credit Enhancement: Excess spread and subordination to protect senior certificates
• Servicer: A&D Mortgage LLC

The transaction is rated by both Fitch Ratings and KBRA, and features a split AAA-rated tranche, highlighting the strength of the underlying loan pool and the credit enhancement structure.

To learn more, visit our disclaimer page: Transparency and Disclosure

Imperial Fund Asset Management (“Imperial Fund”) is the asset 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 real estate lending market. Imperial Fund acquires and manages investment portfolios primarily comprised of mortgage loans, real estate debt securities, loans, and related instruments.

AD Mortgage is a broker-voted Top 5 U.S. wholesale lender, and recognized as a top Non-QM lender in the U.S. With 20 years in the industry, AD 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, AD Mortgage offers programs for Prime borrowers, Foreign National borrowers. Programs with no income verification are also offered for investment property loans.

AD 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/