Fortress prices $598.7 million CDO; Hunt Mortgage Group to issue real estate CLOs

By Cristal Cody

Tupelo, Miss., Oct. 28 – Fortress Investment Group LLC, which priced a $425.4 million broadly syndicated CLO deal in late September, brought to market a $598.7 million CDO transaction.

The deal included four tranches of fixed-rate notes.

At the top of the capital stack, FDF I Ltd. priced $290.5 million of 4.4% class A senior secured fixed-rate notes.

In other market activity, commercial real estate lender Hunt Mortgage Group announced that it plans to begin issuing commercial real estate CLOs.

The company said in a release that it hired Amy Shah as vice president on its proprietary lending team to launch and build a CLO platform.

“In addition to establishing a CLO program for Hunt Mortgage Group, Amy will also focus heavily on placing bridge loans and will work to help expand the balance-sheet lending program,” Michael Becktel, director of Hunt Mortgage Group, said in the release.

Prior to joining Hunt Mortgage Group, Shah structured, priced, securitized and managed several CRE CLO transactions with Resource Real Estate Inc. as a vice president in their CRE capital markets division.

New York City-based Hunt Mortgage Group is a subsidiary of Hunt Cos., Inc.

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