Imperial Fund Asset Management and AD Mortgage Сlose $417.15M Non-QM Securitization (ADMT 2025-NQM5)

(Fort Lauderdale, FL) – AD Mortgage, an issuer of Non-QM Residential Mortgage-Backed Securities (RMBS), is pleased to announce the closing of its fifth securitization of the year, A&D Mortgage Trust 2025-NQM5 (ADMT 2025-NQM5), on December 2, 2025. The $417.15 million transaction marks Imperial Fund Asset Management’s (“Imperial Fund”) and AD Mortgage’s 28th securitization issued with AD-originated collateral.

This is the eighth securitization sponsored by Atlas A&D Opportunity Fund III, and is the third securitization completed in collaboration with Canyon Partners. For more details, please see the press release here.

The ADMT 2025-NQM5 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: $417.15 million
• Loan Count: 1,163
• Loan Origination: All loans originated by A&D Mortgage or its qualified correspondents
• Average Borrower Credit Score: 746
• Weighted Average Combined Loan-to-Value (CLTV): 68.25%
• Credit Enhancement: Excess spread and subordination to protect senior certificates
• Servicer: A&D Mortgage LLC

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

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. Imperial Fund’s team combines a deep understanding of credit, loan level analysis, acquisition and management of mortgage loans, and mortgage origination platforms. Imperial Fund employees bring more than 100 years of combined experience in residential mortgage origination, asset and risk management, finance, capital markets, and structured finance.

As a premier direct lender, 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. The company offers free concierge services, bank statement reviews, marketing tools and resources, and more to support the brokers they serve. In 2024, AD 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.

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/

Atlas Merchant Capital LLC, founded in 2013 by Bob Diamond and David Schamis, is an alternative asset management company with offices in New York and London. Atlas invests globally in compelling opportunities, particularly within the financial services sector, through a diverse range of funds, including private equity, credit opportunities, and SPAC-focused products. The firm’s investment strategy is rooted in a long-term, partnership-based approach, leveraging its operating and technical expertise. Atlas’s executive team brings decades of experience from top-tier global financial institutions, including Barclays Capital, Cerberus Capital Management, Citigroup, J.C. Flowers & Co, and Fortress Investment Group. For additional information, please visit atlasmerchantcapital.com