We advised Home Tax Solutions on the offering

Davis Polk advised Home Tax Solutions, LLC in connection with a Rule 144A / Regulation S offering of $155.3 million aggregate principal amount of tax lien securitization notes. The notes are collateralized by certain tax liens secured by properties located in Texas. The net proceeds were used by Home Tax Solutions, among other things, to pay the purchase price for the tax lien assets. This is Home Tax Solutions’ second overall securitization. In connection with this closing, the inaugural securitization was redeemed in full.

Home Tax Solutions is a privately held specialty finance company headquartered in Dallas, Texas, that provides affordable and flexible property tax payment plans for Texas property owners.

The Davis Polk finance team included partner Ryan D. McNaughton and associates Aaron Kirchner-Loeser, A.J. Koch and Matt Picon. Partner Stephen A. Byeff provided capital markets advice. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. Partner Eric McLaughlin and counsel Tyler X. Senackerib provided financial institutions advice. All members of the Davis Polk team are based in the New York office.

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