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NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two classes of notes for FCI Funding 2021-1, LLC, a property tax lien ABS transaction.
This transaction represents the second term securitization for Finch Investment Group, LLC. On the Closing Date, FIG Capital Investments, LLC (the “Fund”), a Delaware limited liability company, will own all of the membership interests of the Issuer. The initial collateral pool comprises property tax lien assets from municipalities within the states of Arizona, Colorado, Ohio, Florida, Illinois, and New Jersey that have been purchased by special purpose tax lien holding subsidiaries of the Fund.
The transaction features an additional tax lien…
