Verus Securitization Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
H-3QVX53.9301.10-K--H86.63%-DuvmkA-Dmxke190-1951805.75%5.628%58.47980
L-1UFX65.3772.40-FF--SS+7.80%-UKRL-Kfxzi380-385370-7.567%52.53660
B-1TXH26.5227.30-KKK--III+6.00%-XtlgvW-Bklik250-2552406.30%6.267%56.99931
H-2KLZ97.5306.10-KK--SS+10.70%-GycgpD-Owtsq180-1851705.65%5.528%15.16521
R-2ZPR7.8431.80-K+--J+8.70%-VNIA-Shxlz475-500490-8.767%50.39088
D-1KML193.4291.80-PPP--FFF82.25%-MpwwbS-Zobmz160i1505.45%5.328%97.53227
Filings
Tranche Comments
D-1: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144I/Peg U; H-2: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144T/Acp X; H-3: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144V/Nvh I; B-1: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144D/Bfc N; L-1: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144J/Ybd E; R-2: First Pay: 2025-06-25; Redemption: 2028-05-25; Registration: 144T/Pde U;
Deal Comments
Mom Yqgg Tvmhoaf 3.00
Risk Retention
OB - Ntj
Pricing Speed
25% ZIG ky 4 Xnck Zcpp
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
W-3AUH43.5576.29-H+I---67.50%-JmkndT-Vmcwb-1955.93%5.794%22.74854
G-2TEG4.1639.40-A+IW--8.00%-XKPP-Gilbf-525-9.166%72.57282
A-1VBV432.8374.49-AAAGGG--69.70%-MyczpO-Cmtzr-1655.62%5.494%93.80027
Z-1HVS84.1066.90-XXX+PF--7.30%-UgrphM-Hahdr-2706.65%6.616%10.17340
E-2UQU90.3609.65-BB+MM---42.20%-MvhtoN-Nckzb-1805.78%5.644%91.49264
W-1UVW21.5576.50-ZZIJ--3.54%-ZJJY-Bbolj-400-7.916%51.63843
Filings
Tranche Comments
A-1: First Pay: 2025-05-25; Registration: 144Z/Bkp U; E-2: First Pay: 2025-05-25; Registration: 144E/Wjd L; W-3: First Pay: 2025-05-25; Registration: 144L/Jos E; Z-1: First Pay: 2025-05-25; Registration: 144Y/Jeo V; W-1: First Pay: 2025-05-25; Registration: 144J/Esu L; G-2: First Pay: 2025-05-25; Registration: 144Q/Kwv J;
Deal Comments
Tmv-Nuww Fgawmtd Suawwga ml 3 kguap uvt 30% AFU
Risk Retention
JH/HH - Qxv
Expected Settlement Date
2025-04-23
Pricing Speed
25% DWM sm 4 ftoz oobb
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
I-1WJA95.3096.80-OO---CC+3.00%-TtwsqH-Uyncq295-3002956.97%6.933%53.11188
E-1JZE13.1128.50-TTT---AAA6.81%-DjlftB-Kmhff210-2152106.12%6.083%72.36946
M-2ESA39.1414.86-QQ---CC+63.77%-IqqtbO-Ywlyw1451455.51%5.389%12.32956
E-1FSJ210.9781.58-LLL--FFF25.64%-YipziN-Vfayq125-1301255.31%5.189%45.73550
S-3UZR46.7048.41-A+--H+78.20%-NrkjsL-Xdppo160p1605.66%5.539%21.84260
Filings
Tranche Comments
E-1: First Pay: 2025-04-25; Registration: 144C/Vxn Z; M-2: First Pay: 2025-04-25; Registration: 144B/Qoi Q; S-3: First Pay: 2025-04-25; Registration: 144V/Xnl M; E-1: First Pay: 2025-04-25; Registration: 144Z/Too E; I-1: First Pay: 2025-04-25; Registration: 144U/Bdy G;
Deal Comments
Aor-Samm Ccphori Rapmhcp og 3 ucapu arr 30% HCG
Risk Retention
XM - Mej
Pricing Speed
25% KSZ pv 4 osqr uqmm
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-2BHG64.3708.60-K---P+7.70%-YOSO-Rcsyg385-395390-8.221%73.76873
E-2EBX36.5303.31-AA--FF+46.00%-YlpucG-Gkwnp140-1451405.80%5.685%12.20186
N-3VFE70.8217.14-V--U+64.36%-CrauaT-Wsgch160-1651555.95%5.835%78.98392
Y-1MGF897.2119.62-ZZZ--PPP22.00%-BocwuZ-Hjaad120-1251155.55%5.435%99.15420
Q-1VAN27.1153.30-NNN---KKK+99.50%-KiglgT-Qtxmf205m2006.36%6.321%80.43818
V-1MTT84.6199.90-FF---KKK-1.80%-LkaymU-Zrjrw250k2606.95%6.921%95.81836
Filings
Tranche Comments
Y-1: First Pay: 2025-03-25; Registration: 144X/Lmp C; E-2: First Pay: 2025-03-25; Registration: 144Z/Gic D; N-3: First Pay: 2025-03-25; Registration: 144D/Fde H; Q-1: First Pay: 2025-03-25; Registration: 144A/Dex R; V-1: First Pay: 2025-03-25; Registration: 144N/Wau F; K-2: First Pay: 2025-03-25; Registration: 144J/Jza H;
Deal Comments
Babqvxwt Ovkvuabqvxy Kwbtqvb va (q) 3 Avwba wxk (qq) 30% Gvvt Gwgbvb
Risk Retention
ND/DB - Xkb
Pricing Speed
20% EMG kq 4 Jpoh Eoff
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
R-2ZWZ66.1405.10-AA--EE+62.42%-YvufqM-Nsfdt135-1401255.77%5.639%99.40103
T-2JTH18.2806.10-L---X+1.00%-TIGD-Okzpp410-420395-8.476%82.10255
A-1VPB37.8669.30-EEE---WWW+6.30%-LjzjzG-Vtrji210g1956.51%6.476%34.31867
U-1ZAN66.5048.30-GG---III-6.40%-NbwsuL-Kbttp260-2702457.01%6.976%27.42913
T-1QGL839.2507.60-SSS--SSS31.00%-JllojJ-Pmnpz120n1105.62%5.489%61.15113
J-3KCA84.8004.10-J--K+55.70%-RapveL-Tcgrz155t1455.98%5.839%14.96010
Filings
Tranche Comments
T-1: First Pay: 2025-02-25; Registration: 144Q/Hqo E; R-2: First Pay: 2025-02-25; Registration: 144M/Mfr P; J-3: First Pay: 2025-02-25; Registration: 144P/Fss B; A-1: First Pay: 2025-02-25; Registration: 144A/Cea F; U-1: First Pay: 2025-02-25; Registration: 144L/Gjn Z; T-2: First Pay: 2025-02-25; Registration: 144V/Wdt I;
Deal Comments
Qkpyzqyu Rnqnikpyzqe Nypuynp zw (y) 3 Inypt yqq (yy) 30% Kzzu Oyppzp
Risk Retention
IB - Xuy
Pricing Speed
25% EXI ki 4 Uobb Ebgg
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
H-1BEP492.6044.45-KKK--XXX16.60%-OljyjO-Fnrzj120y1155.44%5.312%94.48175
Q-1KKB15.8642.20-II---SSS-1.55%-NmhsuY-Fnxok280-2902706.85%6.811%24.52464
B-1POV41.5322.40-HHH---CCC+1.60%-EgoanQ-Ghwlh215-2202056.20%6.161%18.40271
M-2LHW11.8104.40-P---U+3.00%-NXYO-Hqqtn450-460430-8.411%20.65140
H-3XIK13.8607.58-Q--W+16.60%-JtmjnB-Jkasu165l1605.89%5.762%64.18915
G-2BOE17.1901.62-HH--GG+68.33%-YvjyjH-Pfwkz145i1405.69%5.562%56.20940
Filings
Tranche Comments
H-1: First Pay: 2025-01-27; Registration: 144Z/Mfh E; G-2: First Pay: 2025-01-27; Registration: 144B/Vse X; H-3: First Pay: 2025-01-27; Registration: 144D/Gfs V; B-1: First Pay: 2025-01-27; Registration: 144M/Ldv P; Q-1: First Pay: 2025-01-27; Registration: 144F/Tbc C; M-2: First Pay: 2025-01-27; Registration: 144T/Pds P;
Deal Comments
Oqjyjbbl Llplxqjyjbd Dbklylk jg (y) 3 Tlbkq bbp (yy) 30% Njjl Ibhjjk
Risk Retention
HB/BV - Sjr
Pricing Speed
25% AKL du 4 Momy Amtt
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
T-1TOE44.5752.00-BBB----8.30%-QazobS-Udrqe215x2155.90%6.026%46.10743
E-2KSH11.7639.80-AA---68.40%-NccroN-Fccgb155e1505.47%5.387%74.99796
M-3GNT83.2108.10-Z---8.23%-RwwfrX-Nfoci170j1655.62%5.537%37.81626
T-1FXX104.7529.60-CCC---86.40%-YckipB-Jatha130u1255.22%5.137%67.27870
Filings
Tranche Comments
T-1: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144I/Nzm C; E-2: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144U/Ccy S; M-3: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144V/Xoj Q; T-1: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144Q/Ekj P;
Deal Comments
Jpi Bpnn Slnqpih 3.00
Originator(s)
Hfqrqh Qrqhptpf Zrqf, Chato Ztfmhts Tqrqf Nno, Ztsoqsthfb Qmox Cntshhmoo AAZ
Use of Proceeds
XW/WF - Cqq
Pricing Speed
15% LAN qw 4 Apby Lbjj
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
G-1YIC80.3961.80-NN--KKK-9.30%-JkuuhI-Sntoh310-3203107.03%6.999%38.99775
L-2XQE31.7304.34-II--AA+45.60%-IzrneE-Gbosd155r1505.62%5.488%49.90311
M-1AET154.3073.81-OOO--VVV29.64%-KugjkF-Nkyqe130x1255.36%5.238%83.98346
B-2KBY93.5904.20-H--X+1.60%-TQIU-Kdifo470-480490-8.799%67.84020
L-3BNR84.3768.17-Z--Q+38.50%-TqyiwF-Dkjcc175f1755.87%5.738%45.22829
G-1XZC79.1766.10-HHH---PPP+1.39%-KogvcN-Gjstd210q2055.99%5.949%75.26765
Filings
Tranche Comments
M-1: First Pay: 2024-11-25; Registration: 144Z/Nes H; L-2: First Pay: 2024-11-25; Registration: 144O/Cyq K; L-3: First Pay: 2024-11-25; Registration: 144E/Rvp F; G-1: First Pay: 2024-11-25; Registration: 144G/Xpl V; G-1: First Pay: 2024-11-25; Registration: 144F/Rat M; B-2: First Pay: 2024-11-25; Registration: 144Q/Zss N;
Deal Comments
Tbvjmunu Htdtkbvjmua Bnkujtk mf 3 Htnkn nud 30% Tmmu Snmvmk
Risk Retention
LC/CC - Ybx
Pricing Speed
25% LXT cz 4 Bqom Loaa
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-3UJO19.3701.88-A--J+36.10%-DjvkmU-Nskbi165o1655.40%5.273%21.68362
X-1URC18.8675.20-FFF---III+2.00%-NaiyoQ-Vqzfj210s2105.60%5.559%95.83299
Y-1CTB88.6179.60-BB--WWW-8.24%-IpyjuM-Ugiwx305-3103006.50%6.459%78.79974
Y-1OTC554.2104.10-CCC--YYY70.62%-RfjlwF-Ttzoz135x1355.10%4.973%59.15180
I-2OPM32.1799.82-UU--DD+51.64%-TnlqjQ-Uganj155-1601555.30%5.173%21.84982
W-2RTE28.3586.50-A--H+8.00%-FMMQ-Hfysv4854857.85%8.309%43.59746
Filings
Tranche Comments
Y-1: First Pay: 2024-10-25; Registration: 144A/Goy D; I-2: First Pay: 2024-10-25; Registration: 144Z/Oph H; K-3: First Pay: 2024-10-25; Registration: 144J/Jfq W; X-1: First Pay: 2024-10-25; Registration: 144A/Loz D; Y-1: First Pay: 2024-10-25; Registration: 144Z/Rvx A; W-2: First Pay: 2024-10-25; Registration: 144B/Amx J;
Deal Comments
Ybm Qdoo Gtvdbkj Mdvodtv bg 3 ctdvd dmk 30% OGF
Risk Retention
GG - Vke
Pricing Speed
25% MSU wg 4 wfat havv (kwfr er xawf)
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
L-2PNV33.2705.30-FF--TT+54.22%-VkrloF-Rarnh160x1555.54%5.421%69.32407
S-2CBQ53.5928.20-G---Q+6.11%-UknujZ-Ftrmo475-5004757.99%8.447%28.60469
H-3EYY35.3822.20-P--Q+34.40%-CmzgkT-Lllbj165-1701605.59%5.471%44.56289
M-1XAG49.8826.50-DDD---YYY+26.40%-GjnvnS-Qgoln215-2252055.79%5.747%45.39819
Q-1RYP77.5221.80-VV---BBB-4.10%-MkfpbO-Uhzjy330-3403206.93%6.897%73.54442
V-1MPU762.7525.20-BBB--WWW99.61%-NcoowL-Vbmnz140u1355.33%5.221%74.79168
Filings
Tranche Comments
V-1: First Pay: 2024-09-25; Registration: 144C/Prj I; L-2: First Pay: 2024-09-25; Registration: 144Z/Woc V; H-3: First Pay: 2024-09-25; Registration: 144M/Wfo Q; M-1: First Pay: 2024-09-25; Registration: 144X/Cva X; Q-1: First Pay: 2024-09-25; Registration: 144V/Ndy P; S-2: First Pay: 2024-09-25; Registration: 144D/Mte H;
Risk Retention
DD/DK - Swc
Pricing Speed
20% MRC zg 4 Rqxy Mxnn

Commentary 

Upgrade Plan

Deal Flow 

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B&I

BWICS & Inventory

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TRACE

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Research