Saluda Grade Alternative Mortgage Trust 2026-LOC6

June 1, 2026

Saluda Grade Alternative Mortgage Trust 2026-LOC6, a $310.3 Million Securitization, Closed

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June 1, 2026 – Saluda Grade (SG) has closed Saluda Grade Alternative Mortgage Trust 2026-LOC6, a $310.3 million securitization, backed by recently originated first- and junior-lien home equity lines of credit (HELOCs). This marks the tenth HELOC securitization on the GRADE shelf.

The securitization received credit ratings from Morningstar DBRS.

Key structural strengths include:

  • Credit Quality: Borrowers exhibit prime and near-prime credit profiles, reflected in a weighted-average FICO score of approximately 739 and a weighted-average original CLTV of approximately 65.6%.
  • Current Loan Status: All loans in the pool are current, with approximately 99.7% never having been 30+ days delinquent since origination.
  • Loan Type: All loans are floating-rate, interest-only with draw periods, and may have terms significantly shorter than 30 years, including 10- to 20-year terms.
  • Satisfactory Third-Party Due Diligence: 100% of loans were reviewed for regulatory compliance and credit, and 99.3% received an additional property valuation review.

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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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