At a glance
- Rithm described it as Genesis's first multifamily-only securitization and the largest multifamily-only residential transition loan securitization completed to date.
- The initial pool includes 55 loans on investor-owned properties that finance bridge, construction and renovation projects, with individual loans capped at $35 million.
- Per PRED's records, Genesis's other recent originations include a $51 million acquisition loan on two largely empty San Francisco offices reported in late September.
Rithm Capital said Wednesday it closed NRMLT 2026-RTL1, a $375 million securitization collateralized entirely by multifamily loans originated and serviced by its Genesis Capital subsidiary. Rithm described it as Genesis's first multifamily-only securitization and the largest multifamily-only residential transition loan securitization completed to date.
The initial pool includes 55 loans on investor-owned properties that finance bridge, construction and renovation projects, with individual loans capped at $35 million. Rithm said the transaction was oversubscribed and includes a two-year reinvestment period, during which principal repayments can buy additional eligible loans and fund committed loan advances.
Where Genesis has been lending
Per PRED's records, Genesis's other recent originations include a $51 million acquisition loan on two largely empty San Francisco offices reported in late September. They also include a $16.48 million construction loan for a 42-unit Crown Heights conversion reported earlier that month.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections