Aussie bank secures warehouse line
Yellow Brick Road (YBR), an Australian non-bank lender, has received final credit approval from an Australian Bank for it to provide an initial A$120m RMBS warehouse facility. The facility will be provided to the intended RMBS programme trust manager, sponsor and servicer, Resi Warehouse Funding (RWF), which is currently a wholly-owned subsidiary of YBR, but which is intended to be owned as a joint venture as 50% by YBR and 50% by an international alternative asset manager (JV Partner).
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