Keystone Property Finance has closed its third securitisation, a £385m package of buy-to-let loans called Hops Hill No.3 plc.
The specialist BTL lender says the package attracted “strong demand” from investors, with its AAA notes achieving a price of Sonia +115 basis points.
The securitisation includes an element of pre-funding – meaning a proportion of the issue includes loans currently in the pipeline.
Its package is part of a forward-flow agreement with a listed investment firm, managed by TwentyFour Asset Management.
The deal is the third public securitisation the lender has completed since relaunching in 2018.
Keystone Property Finance managing director Elise Coole says: “Keystone has firmly established itself as one of the go-to lenders in the specialist buy-to-let market over the past four years – and this securitisation is the next milestone in our ongoing evolution.
“This is a major vote of confidence in everything we are doing here to ensure we offer a leading proposition to brokers and landlords while lending sensibly.
“What we have now is added firepower to continue that good work and to give to brokers and landlords more of what they want and need at competitive prices.”
