Home Tax Solutions (HTS), a leading Texas property tax lien lender, has closed its inaugural 144A securitization of loans backed by tax liens on residential and commercial properties in Texas.
The $105 million securitizations were arranged by Guggenheim Securities, who served as the sole structuring advisor and bookrunner.
“This transaction represents a milestone for HTS in better enabling us to help Texans protect their properties from exorbitant tax fines and foreclosures,” said Trey Rome, CEO and HTS founder. “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.”
The notes were rated “A” by Kroll Bond Rating Agency. The transaction featured a two-year revolving period during which the company can finance new loan originations backed by Texas tax liens.
HTS is one of the largest property tax loan originators in the state and has offices across Texas, with its headquarters in Dallas. HTS has achieved an average annualized revenue growth rate of 55% over the past three years. With 24 people on staff, HTS captured approximately one-third of all property tax loans originated in Texas.
