Chimera sponsors $468.1M securitization of reperforming residential mortgage loans

CHIMERA INVESTMENT CORP

CIM 2024-R1 securitization totals $468.1M; $351.8M senior notes sold to institutional investors at 75.15% advance rate.
Chimera retains $116.3M subordinate interests plus interest-only securities and a call option.
Weighted average cost of debt is 5.7%; securitization rated by Fitch and Morningstar DBRS.
Securitization backed by seasoned reperforming residential mortgage loans.

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