Point Closes $374.8 Million Oversubscribed HEI Securitization with Over $2 Billion in Orders

PALO ALTO, CA – February 26, 2026 — Point, the leading home equity investment platform, announced today the closing of a $374.8 million rated asset-backed securitization of Point’s Home Equity Investment (“HEI”) assets. The transaction attracted more than $2 billion in investor orders, underscoring strong institutional demand for the HEI asset class. It had participation from more than 30 institutional investors, including five new entrants to the platform. The transaction closed on February 20, 2026, and represents Point’s seventh rated securitization.

“This level of demand reflects how far the HEI market has come,” said Eddie Lim, co-founder and CEO of Point. “Since pioneering the category in 2015, we’ve worked to build a durable, institutional-quality capital markets platform alongside our partners. The result is a platform designed to support consistent access to capital and enhance liquidity and transparency in the market, all while strengthening the long-term availability of home equity as a flexible financial tool for homeowners.” 

The issuer, Point Securitization Trust 2026-1, issued $374.8 million of asset-backed notes, all rated by Morningstar DBRS, including:

• $254.7 million of senior class A-1 securities rated A (low) (sf)
• $54.2 million of mezzanine class A-2 securities rated BBB (low) (sf)
• $37.5 million of subordinate class B-1 securities rated BB (low) (sf)
• $28.4 million of subordinate class B-2 securities rated B (sf) (retained)

This issuance marks Point’s first securitization of 2026 and continues the company’s record of programmatic issuance. Point originated all HEIs in the transaction and will continue to service the assets.

In addition to complying with U.S. credit risk retention requirements, the transaction was structured to align with the EU Securitization Regulation and the UK Securitization Framework, including applicable transparency standards. This positions Point’s platform to meet the requirements of European and UK institutional investors and supports broader global participation in the HEI market.

Barclays Capital Inc. (“Barclays”) was the sole-structuring agent for the issuance. Barclays, Nomura Securities International Inc., and Cantor Fitzgerald & Co. were joint bookrunners on the transaction. East West Markets, LLC, StoneX Financial Inc., and Citigroup Global Markets Inc. were co-managers on the transaction.

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