Polar Asset Management Partners Announces Completion of Inaugural RMBS Transaction

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Postmedia has not reviewed the content. by Business Wire Polar Asset Management Partners Announces Completion of Inaugural RMBS TransactionAuthor of the article:Transaction was Oversubscribed and Received Strong Investor DemandTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTORONTO — Polar Asset Management Partners Inc. (“Polar”), a Toronto-based global alternative asset manager, today announced the successful completion of its inaugural residential mortgage-backed securities (“RMBS”) transaction, White Bear RMBS I LP, Series 2026-1 (the “Transaction”), backed by a pool of approximately $430 million first-lien fixed-rate uninsured Canadian residential mortgages.This advertisement has not loaded yet, but your article continues below.The Transaction represents an important milestone for Polar, marking the firm’s entry into the RMBS market as part of its expanding alternative lending and securitization platform. The Transaction received strong investor demand and was oversubscribed, reflecting confidence in Polar’s inaugural issuance. Polar’s alternative lending platform enables underserved high-quality borrowers in Canada to access affordable home mortgages.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Alternative lending and asset-backed securities are playing a bigger role in Canada, and this transaction demonstrates the versatility of Polar’s platform,” said Greg Lemaich, Chief Executive Officer, Polar Asset Management Partners. “This inaugural RMBS transaction, which attracted strong investor demand, represents an important milestone for Polar as we continue to grow our mortgage lending and securitization capabilities.”Morningstar DBRS has finalized its provisional credit ratings for the Transaction as follows: AAA (sf) on the Residential Mortgage Backed Notes, Series 2026-1, Class A; AA (sf) on the Residential Mortgage Backed Notes, Series 2026-1, Class B; and BBB (low) (sf) on the Residential Mortgage Backed Notes, Series 2026-1, Class C. As of the August 31, 2026 pool cut-off date (the “Cut-off Date”), the collateral pool had a weighted-average loan-to-value ratio of 71.1% and a weighted-average credit score of 763. The initial Mortgage Loans were originated between December 2024 and July 2026 and had a weighted-average seasoning of seven months, with 100% of the Initial Mortgage Loans current, each as of the Cut-off Date.CMLS Financial Ltd (“CMLS”), a wholly owned subsidiary of Nesto Group and an approved lender and issuer under the National Housing Act Mortgage-Backed, is the Servicer for the Transaction. Together with Nesto, CMLS has more than $85 billion of mortgages under administration, including approximately $36 billion of residential mortgages, and has a MOR RS1 residential mortgage servicer ranking from Morningstar DBRS, the highest servicer ranking category, as of March 6, 2026.About Polar Asset Management PartnersBased in Toronto and founded in 1991, Polar is a global alternative asset manager. Polar focuses on niche-oriented strategies which have attracted investors from around the world. As of June 30, 2026 Polar managed US$5.7 billion across four primary offerings: the flagship Polar Multi-Strategy Fund, a US equity long/short strategy known as Polar Long/Short Fund, Polar Micro-Cap Fund, Polar CRS Fund-1, and Polar CRS Fund-2. For more information visit: https://polaramp.com/.View source version on businesswire.com: Global Head, Client Group & Investor RelationsPolar Asset Management PartnersThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.