Skip to content
Wednesday, October 28, 2026 · Today’s edition, 6:30 a.m. ETWed, Oct 28 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

Rithm closes $375M multifamily-only RTL securitization via Genesis

The initial pool holds 55 investor loans, caps individual loans at $35 million and carries a two-year reinvestment window.

At a glance

  1. Rithm described it as Genesis's first multifamily-only securitization and the largest multifamily-only residential transition loan securitization completed to date.
  2. The initial pool includes 55 loans on investor-owned properties that finance bridge, construction and renovation projects, with individual loans capped at $35 million.
  3. Per PRED's records, Genesis's other recent originations include a $51 million acquisition loan on two largely empty San Francisco offices reported in late September.

Rithm Capital said Wednesday it closed NRMLT 2026-RTL1, a $375 million securitization collateralized entirely by multifamily loans originated and serviced by its Genesis Capital subsidiary. Rithm described it as Genesis's first multifamily-only securitization and the largest multifamily-only residential transition loan securitization completed to date.

The initial pool includes 55 loans on investor-owned properties that finance bridge, construction and renovation projects, with individual loans capped at $35 million. Rithm said the transaction was oversubscribed and includes a two-year reinvestment period, during which principal repayments can buy additional eligible loans and fund committed loan advances.

Where Genesis has been lending

Per PRED's records, Genesis's other recent originations include a $51 million acquisition loan on two largely empty San Francisco offices reported in late September. They also include a $16.48 million construction loan for a 42-unit Crown Heights conversion reported earlier that month.

Reported by the Real estate debt desk from Connect CRE. Published . Corrections

Related

Real Estate

Rithm, DRA close joint venture at 1301 Avenue of the Americas

DRA's fund takes 49% of the Midtown tower; Rithm's Elecor keeps a majority stake and the operating mandate.

Real Estate

Rithm closes DRA joint venture at 1301 Avenue of the Americas

Rithm keeps majority ownership and the operating role at the Elecor Properties building; the announcement discloses no terms.

Real Estate

Seven Equity Group buys two largely empty SF offices for $65.5M

Hudson Pacific sold the 1920-vintage Howard Street pair with a $51 million acquisition loan from Genesis Capital Group; 899 Howard closed with no tenants.

Real Estate

CMBS delinquency rate rises 15 bps to 4.97% in third quarter

Life company loan delinquencies rose 14 bps to 1.33% and FHA fell 16 bps to 0.90%, the MBA's CREF survey shows.

Real Estate

JLL arranges $135M debt and equity for Yonkers apartment tower

Bank OZK is the senior construction lender and Eagle Realty Group the LP equity investor on the 282-unit Ibex at Ridge Hill.

Private Real Estate Dailyfrom Private Wealth Daily

Non-traded REITs, data centers, industrial and manager fundraising. Daily at 7:20 a.m. ET.

Free. Every morning. Unsubscribe from any edition in one click.

From other sections