Vista Point Financial Holdings Closes $227 Million Second Mortgage Securitization

Vista Point Financial Holdings, LLC, based in Irvine, CA, has announced the successful closing of a $227 million securitization backed by closed end second lien (CES) owner-occupied and investor mortgage loans. This marks their second CES securitization of 2024.

Since its launch in 2019, Vista Point has originated and acquired over $5.8 billion in nonagency residential loans, with $800 million attributed to CES. The company recently introduced an adjustable-rate HELOC product to its partners.

Founder and CEO William Ashmore highlighted the growing acceptance and expansion in the CES segment. COO and EVP Jim Malloy praised the success and investor interest in the VSTA 2024-CES2 transaction.

J.P. Morgan Securities LLC and ATLAS SP Securities played key roles as structuring agents and initial purchasers. This press release emphasizes that it is not an offer to sell securities and confirms that the notes are not registered under the U.S. Securities Act of 1933.