WASHINGTON, DC, November 7, 2023: Morgan Lewis represented Point Digital Finance Inc. and Redwood Subsidiary Holdings LLC, a subsidiary of Redwood Trust Inc., as co-sponsors in the issuance of approximately $139 million of rated notes issued by Point Securitization Trust 2023-1 and backed by Point’s Home Equity Investment (HEI) assets. The transaction represents the second HEI-backed securitization that Point and Redwood have completed together, having issued the first-ever securitization backed entirely by HEIs in 2021.
Morgan Lewis partner Cory Barry; of counsel Jeremiah Parker; associates Samuel Park, Daniel Jung, and Jesse Raines; and partner Sarah Nelson advised Point and Redwood on the transaction.