(Fort Lauderdale, FL) – AD Mortgage, an established provider of non-QM loans and residential mortgage-backed securities (RMBS), and Imperial Fund Asset Management (“Imperial Fund”),
an institutional investment manager specializing in the securitization of non-agency residential mortgages and the retention of non-agency RMBS tranches in portfolio,
are pleased to announce the closing of AD Mortgage Trust 2026-NQM5 (ADMT 2026-NQM5), the platform’s 33rd securitization.
AD Mortgage has mandated J.P. Morgan as Structuring Lead; ATLAS SP, BMO, Morgan Stanley, Mizuho, and Nomura as Joint Bookrunners; and Academy Securities, AmeriVet Securities, and Piper Sandler as Co-Managers.
“The investor participation in the ADMT 2026-NQM5 transaction reflects the established cadence of our programmatic issuance platform,” said Dmitri Batsev, Managing Director at Imperial Fund Asset Management.
“The consistent demand from a diversified institutional investor base is indicative of the underwriting standards applied to the underlying collateral and our regular presence in the market.
Furthermore, this transaction demonstrates the ongoing execution of our strategy to reduce geographic concentration across our portfolio this year.
By expanding our origination footprint regionally, we have broadened the credit profile of the pool, which has supported heightened investor engagement in this offering.”
ADMT 2026-NQM5 represents the 13th securitization under Atlas A&D Opportunity Fund III — Imperial Fund’s most recent investment vehicle, established in partnership with Atlas Merchant
Capital — and the 8th transaction executed in collaboration with Canyon Partners, whose $250 million capital commitment continues to support the ADMT non-agency loan securitization program.
For additional information, please refer to the press release here.
The ADMT 2026-NQM5 transaction underscores the continued development of Imperial Fund’s and AD Mortgage’s securitization platform, providing investors with access to diversified pools of mortgage-backed securities.
Key Highlights of ADMT 2026-NQM5
- Transaction Volume: $432 million
- Loan Count: 1,008
- Loan Origination: Majority of loans originated by A&D Mortgage or its qualified correspondents
- Average Borrower Credit Score: 754
- Weighted Average Combined Loan-to-Value (CLTV): 69.10%
- Largest State Concentration: Florida – 24.89%
- Servicer: A&D Mortgage LLC
The transaction is rated by both
Fitch Ratings
and
KBRA features a split AAA-rated tranche,
highlighting the strength of the underlying loan pool and the credit enhancement structure.
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About Imperial Fund Asset Management
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 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 AD Mortgage
AD Mortgage is a U.S. wholesale lender specializing in Non-QM lending solutions and serving mortgage brokers nationwide. With 20 years in the industry, they offer a full range of loan programs, including DSCR, Bank Statement, FHA, and Conventional loans.
The company offers free concierge services, bank statement reviews, marketing tools and resources, and more to support the brokers they serve.
In 2025, AD Mortgage received several prestigious industry awards, including HousingWire Vanguard Award, PROGRESS in Lending’s Lending Luminary Award, National Mortgage Professional’s Legend of Lending Award, HousingWire Industry Titan Award.
This year, the company was also featured in CBS, Bloomberg, and Inc., underscoring its growing influence and leadership in the mortgage industry
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
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