WASHINGTON, DC, JUNE 4, 2024: Morgan Lewis advised Point Digital Finance Inc. and Atalaya Capital Management on the completion of a rated securitization of Point’s home equity investment (HEI) assets, issuing approximately $141 million of rated asset-backed securities.
Point is a home equity investment platform working to make homeownership more valuable and accessible. It has worked with more than 10,000 homeowners to unlock $1 billion in home equity. Atalaya is a privately held, SEC-registered, alternative investment advisory firm with approximately $10 billion in assets under management.
Morgan Lewis partner Cory Barry, of counsel Jeremiah Parker, associates Sam Park, Daniel Jung, and Jesse Raines, and partner Sarah Nelson advised Point and Atalaya on the transaction. For more, read the joint announcement.
Morgan Lewis previously advised Point and Redwood on rated HEI securitizations in October 2023 and September 2021.