MARKETING: RCKT Mortgage 2025-CES11 $501M+ Second Liens RMBS

Nov. 11, 2025, 2:25 PM UTC

Size: $501.332m. Available for Sale: $476.263m. Joint Bookrunners: Citigroup Global Markets Inc. (“Citigroup”) (str.), BofA Securities Inc. (“BofA Securities”) and Wells Fargo Securities, LLC (“Wells Fargo Securities“). 144A/Reg S.

Anticipated Marketed Notes and Capital Structure:

  • (1) CL A1A is a SSNR / CL A1B is a SNR support
  • (2) Vertical Risk Retention
  • (3) Estimated credit enhancement (C/E) subject to change
  • (4) Expected Ratings of KBRA/Fitch
  • (5) Interest Rate Coupons are subject to the least of (x) respective Fixed Interest Rate; (y) Net WAC; (z) respective AFC
  • Fixed CPN for stack shown above will be adjusted at pricing to solve for ...



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