Saluda Grade Alternative Mortgage Trust 2026-HB1

February 5, 2026

Saluda Grade Alternative Mortgage Trust 2026-HB1 a $367.0 Million Securitization

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February 5, 2026 – Saluda Grade (SG) has closed Saluda Grade Alternative Mortgage Trust 2026-HB1 a securitization backed by recently originated first- and junior-lien home equity lines of credit (HELOCs). This marks the first securitization of 100% Homebridge Financial Services originated loans on the GRADE shelf.

The securitization received credit ratings from Morningstar DBRS.

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Key characteristics include:

  • The securitized collateral consists of 3,208 loans with a total unpaid principal balance of approximately $367.0 million and an aggregate current credit limit of $439.9million as of the cut-off date (December 31, 2025).
  • The portfolio is on average four months seasoned
  • 100% of loans current at issuance, and approximately 99.5% never 30-plus days delinquent since origination

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This announcement is not a recommendation, offer or solicitation and there is risk investing in the Trust. Past performance is not indicative of future results.

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