Axonic Capital, an alternative investment management firm focused on structured credit and real estate investments, has completed its first proprietary multifamily loan securitization under its fixed-rate permanent financing program.
The transaction, known as GSF-AXMF1 (AXMF1), includes more than $400 million in multifamily loans. The portfolio consists of 47 loans across 22 U.S. states. According to the company, the pool has a weighted average loan-to-value (LTV) ratio of 68.13%.
The securitization marks a key step in the growth of Axonic’s multifamily lending platform. By managing the process from loan origination through underwriting and securitization, the firm aims to streamline financing for multifamily property owners.
The company stated that the program focuses on stabilized multifamily assets and provides borrowers with an alternative source of financing at a time when traditional lenders have become more selective.
According to Axonic, the AXMF1 portfolio is primarily backed by stabilized Class B multifamily properties. These assets are supported by experienced sponsors with established operating histories.
Jonathan Salter, Principal and Head of Commercial Real Estate Lending at Axonic, said the company adapted its lending strategy to changing market conditions and interest rate movements. He noted that the firm worked to provide customized financing solutions while building a diversified loan portfolio.
Axonic said its multifamily financing platform continues to maintain a strong pipeline of lending opportunities. The firm is targeting more than $2 billion in loan originations during the year.
The completion of AXMF1 is expected to support the continued expansion of the company's permanent financing program and strengthen its presence in the multifamily lending market.
Several firms participated in the AXMF1 securitization process. CBRE, Walker & Dunlop, Greystone, and Northmarq served as origination partners, while Grant Street Funding acted as the securitization partner.
—----------------------
Raising capital? Explore 3,000+ PropTech and ConTech VCs in one place →https://www.proptechbuzz.com/vc
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.