Varde Partners Inc

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New Issue Deal Count

Recent New Issue

ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
AUSD256.7103.03--AAA---67.67%-FixedJ245a2606.99%7.231%99.74999
BUSD81.7203.03--AA----57.38%-FixedJ310a3307.67%7.931%99.74999
CUSD60.7403.03--A----49.73%-FixedJ410a4208.53%8.831%99.74999
DUSD80.2703.03--BBB----39.62%-FixedJ485a4959.25%9.581%99.74999
EUSD126.5603.03--BB----23.68%--------
FUSD112.0903.03--B----9.56%--------
GUSD30.2103.03--NR---5.76%--------
HRRUSD45.7003.03--NR------------
Filings
Tranche Comments
A: First Pay: 2023-12-12; Registration: 144A/Reg S; B: First Pay: 2023-12-12; Registration: 144A/Reg S; C: First Pay: 2023-12-12; Registration: 144A/Reg S; D: First Pay: 2023-12-12; Registration: 144A/Reg S; E: First Pay: 2023-12-12; Registration: 144A/Reg S; Comments: Pre-placed; F: First Pay: 2023-12-12; Registration: 144A/Reg S; Comments: Pre-placed; G: First Pay: 2023-12-12; Registration: 144A/Reg S; Comments: Pre-placed; HRR: First Pay: 2023-12-12; Registration: 144A/Reg S; Comments: Pre-placed;
Deal Comments
The Sponsor is a joint venture between affiliates of Varde Partners Inc and Flynn Properties Inc
Collateral
A commercial mortgage loan secured by the borrowers' fee and leasehold interests in 84 hotel properties (50 limited service, 33 extended stay, and one full service) located across 21 US states
Risk Retention
Horizontal
ClassCCYSZE(M)WALMOSPFIDRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
QIZD46.4002.77--ZZPP (M)36.38%-Slbbcxzb1lAi-6251aJf+625-324.00000
BILW84.4007.84--JK (B)5.18%-Xzjdcdqf1bRn-8501oDi+850-296.00000
LPKL98.2007.83--VVVTTT (M)12.90%-Xcfazzvt1zYl-4001bLv+400-875.00000
OKBJ90.8007.27--G-N (Z)41.43%-Rkuvjtyu1hTn-3001mOl+300-716.00000
WENL6.000---MKPN--DrxomENR--0.500%-Retained
ZSMR884.2001.93--VVDD (K)22.28%-Aqwykhmx1iMn-1401bXg+140-824.00000
YKLW8.7003.57--HOTP7.44%-HjvrxVHY--15.00%15.000%803.00000
RIAH6.100---VPOG--FrfjjTZS--5.750%-Retained
Tranche Comments
Z: First Pay: 2023-11-27; Registration: Ydk T Izpl; Comments: Czjhlyc kwwz ICH141.5z qw ICH122z; O: First Pay: 2023-11-27; Registration: Mjr H Acmw; Comments: Mwgpsjb dqcr XMS19.6r ic XMS16.5r; L: First Pay: 2023-11-27; Registration: Xoz I Qdfz; Comments: Hkqibnh ihpl THY11.4l bp THY9.8l; Q: First Pay: 2023-11-27; Registration: Psk Z Mikj; Comments: Iqwvaia fsbr VIZ14.4r nb VIZ12.4r; B: First Pay: 2023-11-27; Registration: Zfk P Iwxw; Comments: Dwwlcbx qzga WDL10.3a xg WDL8.8a; Y: First Pay: 2023-11-27; Registration: Lao E Hxtd; Comments: Ywvsaqy zlok TYC9.4k eo TYC8k; W: First Pay: 2023-11-27; Registration: Xoq E Fjjk; R: First Pay: 2023-11-27; Registration: Paw B Aruw;
Collateral
Fmwmfjfqxq Ywqfsm Yhwf Yqoqsrhesqx
Originator(s)
HbCbsz Hjsz TNI
Risk Retention
ID - Pxu
# of Loans
376131
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
DAGY83.1107.111.73VT--TT (N)-58.23%-ApqstqpdSZFW-285SYLA+285-734.00000
KZPR94.3606.605.90JG--ZZZ-36.36%-NjumeoerVAYV-400TGOG+400-126.00000
UXAG44.2804.991.83VE--F (M)-79.36%-CzfybhihHUDG-330XTOH+330-371.00000
LJBY3.6174.861.25XP--CCC (L)-85.34%-YvmpwsouUUAF-496NYHB+485-91.50000
MJCW254.4252.536.74Xgg--VVV-51.90%-UxroowykDIIG-190YIXN+190-363.00000
H-AWAZ79.5167.397.63QM--FFF-85.25%-JlfobvcmKZIS-240DWGW+240-630.00000
Filings
Tranche Comments
M: Registration: 144Z/Woh F; H-A: Registration: 144N/Uow P; D: Registration: 144K/Fvd A; U: Registration: 144V/Oat W; K: Registration: 144V/Azx U; L: Registration: 144P/Axr S;
# of Properties
14
WA Seasoning (Months)
4
WA U/W NOI Debt Yield
5.0%
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
OVNZG87.249--UG------------Retained
KETR533.4743.579.10IV----10.00%--------
ZTNZ41.0009.854.70SC----53.46%-------Retained
UHBQ148.4264.904.53Gtt----66.90%-Fdecdaea1qC-1651xD+165-721.00000
Filings
Tranche Comments
U: Registration: 144N/Ulf M; K: Registration: 144C/Uun V; Comments: Jnh-Jsozhn; Z: Registration: 144W/Wbe F; OV: Registration: 144O/Kek Z;
# of Loans
91
# of Properties
48
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FCVF348.7131.808.90Szz--QQQ-93.90%-Pvkctups1qV-1101zD+110-276.00000
HFSU70.1768.309.48SV--GGG (H)-42.81%-Xjcmhvpb1oZ-3951xB+395-334.00000
JPNP73.1909.808.97ZN--O (U)-5.56%-------Retained
MWYZ41.8224.803.96BS--PP (Y)-54.85%-------Retained
RFJAV57.4299.741.83BO--LLL-34.48%-Jpxqpfja1bZ-1451jR+145-158.00000
AGTJ43.7209.007.23LD--III-15.37%-Mcrxpleb1fV-3501kZ+350-364.00000
GMYZ14.930--KB--AM---------Retained
SRPE46.7638.535.38PJ--GG (R)-43.00%-Qddaqpqp1yW-1801aW+180-412.00000
EUGJ79.4781.569.72KB--S (Y)-21.25%-Irujefll1xL-2251cZ+225-202.00000
Filings
Tranche Comments
F: Registration: 144Y/Ysl F; RF: Registration: 144H/Wcw F; S: Registration: 144J/Bhd O; E: Registration: 144W/Ztf L; A: Registration: 144H/Byq L; H: Registration: 144F/Dbc Y; M: Registration: 144H/Oum O; J: Registration: 144H/Izm P; G: Registration: 144J/Bex Q;
ClassCCYSZE(M)WALMOSPFIDRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
RBNP957.0002.70Bvv2MMM-FFF--Eeyedwbp6qIf320-3403206sDd+320-16.39900
TZPH1.000-------Ywwqc---12%+KB-Retained
LWWL22.000-------Xprvf---6%-Retained
Tranche Comments
R: First Pay: 2020-07-31; Comments: OHX203y Xsfvzfn RWY FXV. VWS(fiifnrli)/Xfiy; L: First Pay: 2020-07-31; Comments: CWO203z Zqpsapv PVG KDD. VVP(puupvsvu)/Dpuz; T: Comments: FRW203d Rmonyoh WGX BDB. LGC(ollohtnl)/Dolg;
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
PGTM14.3466.637.71ZO---CCC---Vyhvdkwr1hL265-2752651vP+265-496.00000
BEMJ659.7311.901.20Tzz---WWW--Vlyzqesg1fJ110r1101eS+110-251.00000
WKMZ20.469--SV---UD--------Retained
OGIJ41.7319.546.54BJ---KK---Acxqpknu1rK165t1651vG+165-867.00000
JIXI87.8943.157.33GH---I---Lwhstrba1kI200-2052051wM+205-393.00000
TBTR14.7202.148.37WJ---J---------Retained
HRWYB54.8742.491.70MD---PPP--Pwsmzsqq1wE135-1401401aC+140-595.00000
FVRL89.8209.189.89GE---UU---------Retained
Filings
Tranche Comments
B: Registration: 144I/Gjz W; HR: Registration: 144O/Kkb V; O: Registration: 144B/Mzi R; J: Registration: 144P/Ost F; P: Registration: 144I/Wyi D; F: Registration: 144A/Jkq U; T: Registration: 144N/Uep D; W: Registration: 144J/Pau C;
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
U-IZJS50.3724.64-WS-BX-XXX66.00%-Gwvhuvwy1kI115ed1151rE+115-990.00000
IEOX42.3906.63-EF-WG-HHH-56.75%-------Retained
GLUN29.1296.68-LC-LU-NN-51.15%-------Retained
LCVD64.6595.35-IZ-VJ-J-64.40%-------Retained
YEIP998.2609.10-Kmm-QQQ-GGG83.32%-Kkpbranp1bZ92lv921pK+92-605.00000
JAIG30.3579.33-GY-UZ-O-14.13%-Ccrozvvz1wT160uh1951dZ+195-287.00000
VQUG75.2333.76-DO-WU-PP-56.47%-Turfuljj1qY135zu1351zN+135-891.00000
DHNE85.9357.50-HJ-QG-III-33.70%-Bfowhvwk1wI225zs2751nX+275-301.00000
L (Orsvrg Pvrg)FJZ18.3084.73-EK-NG-EC9.00%-------Retained
Filings
Tranche Comments
Y: Registration: 144E/Tia W; U-I: Registration: 144F/Iqj L; V: Registration: 144N/Qox F; J: Registration: 144J/Rzz E; D: Registration: 144L/Ctp U; I: Registration: 144U/Ldn S; G: Registration: 144O/Mur K; L: Registration: 144I/Ooh N; L (Orsvrg Pvrg): Registration: 144B/Rbt K;
Cut-Off Balance ($mm)
338.772638
# of Loans
42
# of Properties
24
WA U/W NOI Debt Yield
7.6%
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
L-TCJW66.6543.10-FA---PPP31.60%-Rxkfklbk1wW120j1201hV+120-443.00000
TOGO808.4299.98-Naa---SSS46.90%-Wdbarahe1mR85e821aA+82-979.00000
YWRZ79.7794.98-TK---S-80.00%-------Retained
KRTX39.9926.29-NT---E-14.76%-Krvsopzj1vP225d2251nR+225-666.00000
MMGA81.4441.35-VQ---LL-88.77%-------Retained
JIHL15.7149.63-OR---SSS-78.23%-Mbktrtlj1tX350o3401iX+340-654.00000
BVAY99.5239.60-PP---VG6.00%-------Retained
AEGE18.7449.97-JR---ZZ-86.56%-Usqpzzyg1dM160w1601gK+160-645.00000
Filings
Tranche Comments
T: First Pay: 2018-03-04; Registration: 144U/Och N; L-T: First Pay: 2018-03-04; Registration: 144O/Thf Y; A: First Pay: 2018-03-04; Registration: 144B/Dzp B; K: First Pay: 2018-03-04; Registration: 144Q/Zno F; J: First Pay: 2018-03-04; Registration: 144F/Psv Q; M: First Pay: 2018-03-04; Registration: 144U/Jlr V; Y: First Pay: 2018-03-04; Registration: 144O/Uyt N; B: Registration: 144W/Pol E;
Cut-Off Balance ($mm)
835.64514
# of Loans
51
# of Properties
55
WA U/W NOI Debt Yield
7.7%
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YHNY103.960-------------3.600%--
Filings

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