Cardinal Capital Group (“Cardinal”), a leading private lender to residential real estate investors and developers, today announced the closing of its first residential transitional loan (“RTL”) securitization backed by $130 million in collateral.
The offering, Cardinal Mortgage Trust 2025-RTL1 (“CRDNL 2025-RTL1”) saw strong, oversubscribed investor participation, highlighting Cardinal’s track record for disciplined underwriting, quality collateral, and consistent performance. The securitization was initially backed by 94 RTL loans, financing approximately 365 housing units, with over 70% of the collateral supporting housing in Massachusetts. The transaction includes a two-year revolving period, enabling Cardinal to reinvest loan payoffs and continue scaling originations.
“Our inaugural securitization highlights the strength of our credit platform and validates investor confidence in our lending model,” said Briana Hildt, Chief Executive Officer. “This transaction directly enhances our capacity to deliver the certainty, speed, and reliability our borrowers depend on.”
“Diversifying our capital base is essential to supporting real estate investors nationwide,” added Dominic Blad, Chief Investment Officer. “This transaction strengthens liquidity for builders and developers who are creating and revitalizing housing supply across the country.”
Performance Trust Capital Partners, LLC (“Performance Trust”) served as sole structuring agent, bookrunner, and initial purchaser. Dechert LLP acted as legal counsel to Cardinal and Mayer Brown LLP represented Performance Trust. Adige Asset Advisory LLC consulted on operational optimization throughout the securitization process.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
