Rithm Capital Corp. said Wednesday it had closed on NRMLT 2026-RTL1, a $375-million securitization backed entirely by multifamily loans originated and serviced by its subsidiary, Genesis Capital, LLC. The transaction represents both Genesis’s first multifamily-only securitization and the largest multifamily-only residential transition loan (RTL) securitization completed to date.
NRMLT 2026-RTL1 is initially collateralized by a pool of 55 loans originated by Genesis and secured by real estate investor-owned properties. The underlying loans finance bridge, construction, and renovation projects for real estate investors, with the securitization accommodating loans of up to $35 million. The oversubscribed transaction includes a two-year reinvestment period, allowing principal repayments to be used to acquire additional eligible loans and fund committed loan advances.
“This transaction reflects the strength of our owner-operator model, connecting Genesis’s origination capabilities directly to the capital markets,” said Sanjeev Khanna, managing director at Rithm Capital. “As demand grows among experienced multifamily investors for financing that scales with their projects, this securitization structure gives Genesis greater capacity to work with those investors and support them as their financing needs evolve.”
Pictured: Rithm Capital headquarters at 799 Broadway.
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