Rain City Capital Closes First Securitization of Residential Transition Loans for $200 Million
October 22, 2024
KIRKLAND WA—Rain City Capital, a leading business-purpose lender providing financing solutions to professional real estate investors for new acquisition, renovation, ground-up construction, and long-term rental hold projects, announced Tuesday it successfully closed a $200 million securitization backed by residential transition loans.
This is the company’s first securitization and follows a period of accelerated growth in the lender’s 15-year history. The transaction was oversubscribed due to significant interest from investors who were drawn to Rain City’s disciplined approach to underwriting, diversified portfolio, and strong credit performance.
“We’re excited to close our first securitization, and this transaction represents the natural progression of our growing company,” said Fred Rea, Founder and President of Rain City Capital. “It’s an important part of our overall strategy for growth. Having committed capital from institutional counterparties allows us to open new markets and drive origination growth.”
“I’m proud and grateful to the Rain City team that worked so hard to close our first securitization, said Rea. “The hands-on approach we took to make this securitization possible is real and lasting mutual success at work. It’s what keeps our borrowers coming back as repeat clients and we take that responsibility very seriously.”
“We’re excited to close our first securitization, and this transaction represents the natural progression of our growing company. It’s an important part of our overall strategy for growth. Having committed capital from institutional counterparties allows us to open new markets and drive origination growth.”
-Fred Rea, Founder and President
About Rain City Capital
One of the Pacific Northwest’s leading private lenders, Rain City Capital specializes in residential and multifamily bridge loans, ground-up construction, and long-term rental loans for real estate investors. With a seasoned team of industry experts and a philosophy of real and lasting mutual success, Rain City is committed to providing financing solutions that support its clients’ long-term financial goals. In the past decade, the lender has funded more than $2 billion in transactions for thousands of investors who choose to work with Rain City again and again.
CONTACTS
Media inquiries
info@raincitycapital.com
425-434-9009
Investor relations
fund@raincitycapital.com