{"id":130630,"date":"2021-08-26T17:16:00","date_gmt":"2021-08-26T17:16:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2906015"},"modified":"2021-08-26T17:16:00","modified_gmt":"2021-08-26T17:16:00","slug":"home-tax-solutions-completes-inaugural-tax-lien-securitization","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/08\/26\/home-tax-solutions-completes-inaugural-tax-lien-securitization\/","title":{"rendered":"Home Tax Solutions Completes Inaugural Tax Lien Securitization"},"content":{"rendered":"

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\u00a0Guggenheim Securities leads placement of $105 million <\/em><\/strong><\/p>\n

\u201cA\u201d rated asset-backed notes<\/em><\/strong><\/p>\n

DALLAS,\u00a0Aug. 26, 2021– Home Tax Solutions<\/a> (\u201cHTS\u201d or the \u201ccompany\u201d), a leading Texas property tax lien lender, today announced it has closed its inaugural 144A securitization of loans backed by tax liens on residential and commercial properties in Texas. The\u00a0$105 million securitization\u00a0was arranged by Guggenheim Securities<\/a>, who served as sole structuring advisor and bookrunner.<\/p>\n

The notes were rated \u201cA\u201d by Kroll Bond Rating Agency, and the transaction featured a two-year revolving period during which the company can finance new loan originations backed by Texas tax liens.<\/p>\n

“This transaction represents a milestone for HTS in better enabling us to help Texans protect their properties from exorbitant tax fines and foreclosures,” said\u00a0Trey Rome<\/a>, CEO and Founder of Home Tax Solutions. “We have provided property tax relief to thousands of Texans through competitive rates and plans that are flexible and affordable. This securitization is an important step in providing Texas property owners with peace of mind when it comes to paying residential or commercial property taxes.”<\/p>\n

HTS<\/a> has grown to become the largest property tax loan originator in the state and has\u00a0 offices across Texas in Houston, Austin, San Antonio, and McAllen, with its headquarters in Dallas. HTS has achieved an average annualized revenue growth rate of 55% over the past three years, and, with 24 on staff, managed to capture approximately one-third of all property tax loans originated in Texas.<\/p>\n

The notes were presented in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) and to non-U.S. persons in accordance with regulations under the Securities Act. The notes have not been, and will not be, registered under the Securities Act or any state securities laws. The notes may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.<\/p>\n