Kramer Levin Closes $126.6 Million Residential PACE Securitization

Category: Defining Matters
Date: March 01, 2024
Title: Kramer Levin Closes $126.6 Million Residential PACE Securitization

Kramer Levin represented the sponsor, transferor and issuer in connection with a $126.6 million securitization backed by a portfolio of Residential PACE Assets. There were three classes of Notes issued: Class A, Class B and Class C, which were rated “AAA(sf),” “AA(sf)” and “BBB(sf)” respectively by DBRS Inc. The transaction closed on March 1, 2024.