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.

Key contacts

Barry Herzog photo

Barry Herzog

Partner, Head of Tax, US, New York

Marissa J. Holob photo

Marissa J. Holob

Partner, Head of Executive Compensation and Employee Benefits, US, New York

Mariya Khvatskaya photo

Mariya Khvatskaya

Senior Associate, New York

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New York Silicon Valley Washington, DC Corporate Securitization and structured finance Laurence Pettit Barry Herzog Marissa J. Holob Mariya Khvatskaya Luis Encinas