Harvest Small Business Finance, LLC Closes Its Fifth Securitization of Owner-Occupied First-Lien SBA 7(a) Unguaranteed Portions - $95.2 Million of Offered Notes Rated by Morningstar DBRS
LAGUNA HILLS, Calif.--(BUSINESS WIRE)--Harvest Small Business Finance, LLC (“HSBF”) (http://www.harvestsbf.com), one of the top non-bank originators of SBA 7(a) loans, closed its fifth securitization of the unguaranteed portions of primarily first-lien SBA 7(a) CRE loans. Performance Trust Capital Partners, LLC acted as sole structuring agent and East West Markets, LLC acted as co-manager for the $95.2 million Harvest SBA Loan Trust 2024-1 transaction (“HSLT 2024-1”).
HSLT 2024-1 is only the second REMIC structured securitization to be issued in the SBA space. Harvest utilized Morningstar DBRS, which assigned the ratings of A(low)(sf), BBB(low)(sf), and BB(sf) to the Class A, Class B, and Class C Notes, respectively.
HSBF leaders Adam Seery, Todd Massas and Jason Raefski stated the same message, “HSBF continues to outperform other lenders in its space. We owe this success to our commitment to making high quality commercial real estate loans to sound, well vetted businesses. Moreover, we pride ourselves on setting the standard for performance, pricing and creativity in the SBA securitization market.”
