A&d Mortgage Secures $250m From Canyon Partners For Rmbs Push

Florida-based wholesale lender A&D Mortgage has secured a $250 million capital commitment from alternative asset manager Canyon Partners to support the securitization of non-agency mortgages, the companies announced Monday.

The investment will help accelerate the joint securitization program between A&D and Imperial Fund Asset Management, enabling the issuance of up to $5 billion in non-agency residential mortgage-backed securities (RMBS).

A&D will provide the collateral for the securitizations. Imperial, which has already executed 25 securitizations since 2020, will structure, manage and distribute the non-agency RMBS.

Founded in 2005, A&D originated $3 billion in mortgages in 2024. Last year, the company entered into a joint venture with Atlas Merchant Capital, the investment firm led by Bob Diamond and David Schami, to scale its securitization platform. Earlier this year, A&D acquired the wholesale division of Flagstar Bank from Mr. Cooper Group.

“This new collaboration with Canyon and Imperial will enable A&D to further expand our reach and continue providing innovative and flexible mortgage solutions to a diverse range of borrowers as we continue to grow our business,” Max Slyusarchuk, CEO of A&D Mortgage and co-Founder of Imperial, said in a statement.

The partners said the first securitization is expected to launch in the coming weeks.

Canyon Partners, a $28 billion global alternative investment manager, will be purchasing the non-agency bonds — securities that fall outside the eligibility guidelines of government-sponsored enterprises like Fannie Mae and Freddie Mac.

Adam Rizkalla, managing director at Canyon Partners, said in a statement that his firm has been investing in non-agency mortgage products for many years and that the new “commitment underscores our confidence in the significant growth potential” of the market.

“We believe this is a compelling environment to put capital to work in this asset class, and the combined strength of this partnership will deliver attractive returns while also contributing to greater stability and accessibility in the housing market,” Rizkalla said.