other material
confidence high
sentiment neutral
materiality 0.50
Chimera sponsors two residential mortgage loan securitizations totaling $646M
CHIMERA INVESTMENT CORP
- Sponsored CIM 2025-R1 ($391.8M) and CIM 2025-NR1 ($254.4M) securitizations on March 25, 2025.
- Net proceeds exceeded $187 million; loans sourced from prior Chimera securitizations redemptions.
- CIM 2025-R1: sold $333M senior securities (5.74% cost of debt); retained $58.8M subordinate interests.
- CIM 2025-NR1: sold $184.5M senior securities (6.59% cost of debt); retained $70.0M subordinate interests.
- Palisades Advisory Services, a Chimera subsidiary, will act as Asset Manager for both securitizations.