Imperial Fund and AD Mortgage Сlose $424M Non-QM Securitization, Broadening Geographic Reach Beyond Florida

(Fort Lauderdale, FL) - AD Mortgage, an issuer of Non-QM Residential Mortgage-Backed Securities (RMBS), is pleased to announce the closing of A&D Mortgage Trust 2026-NQM3 (ADMT 2026-NQM3), the company's third securitization of 2026 - and a milestone transaction that underscores the company's rapid geographic expansion across the United States. AD Mortgage has mandated ATLAS SP, BMO, JP Morgan, Mizuho, Morgan Stanley and Nomura as Joint Bookrunners, Academy Securities, AmeriVet Securities, Natixis and Piper Sandler as Co-Managers.

A defining feature of the $424.1 million deal is a dramatic reduction in Florida loan concentration, dropping to 23.0% of the collateral pool from 40.0% in the prior NQM2 transaction - a 17-percentage-point decline that signals AD Mortgage's successful growth into a truly national origination platform

The sharp reduction in Florida concentration is a direct result of AD Mortgage's acquisition of the Flagstar third-party originator (TPO) platform in early 2025, which effectively doubled the company's broker network and accelerated loan production across new geographic markets. What was once a Florida-rooted portfolio has rapidly evolved into a diversified national collateral pool, with the company's expanded broker relationships driving originations in markets far beyond its Fort Lauderdale headquarters.

"This transaction further demonstrates our commitment to providing consistent, high-quality non-QM RMBS product to the market," said Victor Kuznetsov, Managing Director of Imperial Fund Asset Management. "With three deals now priced in 2026 and a clean, well-performing collateral pool, we continue to build on the strength of the AD Mortgage platform and the trust investors have placed in our securitization program.

The $424 million transaction marks Imperial Fund Asset Management's ("Imperial Fund") and AD Mortgage's 31st securitization.

ADMT 2026-NQM3 represents the eleventh securitization under Atlas A&D Opportunity Fund III - Imperial Fund's most recent investment vehicle, established in partnership with Atlas Merchant Capital - and the sixth transaction executed in collaboration with Canyon Partners, whose $250 million capital commitment continues to support the ADMT non-agency loan securitization program. For additional information, please refer to the press release here.

The ADMT 2026-NQM3 transaction underscores the continued development of Imperial Fund's and AD Mortgage's securitization platform, providing investors with access to diversified pools of high-quality mortgage-backed securities.

Key Highlights of ADMT 2026-NQM3

• Transaction Volume: $424.1 million
• Loan Count: 945
• Loan Origination: Majority of loans originated by A&D Mortgage or its qualified correspondents
• Average Borrower Credit Score: 750
• Weighted Average Combined Loan-to-Value (CLTV): 68.07%
• Credit Enhancement: Excess spread and subordination to protect senior certificates
• Servicer: A&D Mortgage LLC

The transaction is rated by both Fitch Ratings and KBRA features a split AAA-rated tranche, highlighting the strength of the underlying loan pool and the credit enhancement structure.

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About AD Mortgage

As a premier direct mortgage lender, AD Mortgage offers a full spectrum of Conventional, Government, and Non-QM loan products with 24-hour turnaround times and some of the most competitive rates in the industry. In addition to their AD Power Jumbo loan product, AD Mortgage offers programs for Prime borrowers, Foreign National borrowers, as well as borrowers with imperfect credit histories. Programs with no income verification are also offered for investment property loans

The company offers free concierge services, bank statement reviews, marketing tools and resources, and more to support the brokers they serve. In 2025, AD Mortgage received several prestigious industry awards, including HousingWire Vanguard Award, PROGRESS in Lending's Lending Luminary Award, National Mortgage Professional's Legend of Lending Award, HousingWire Industry Titan Award.

AD Mortgage, LLC is an Equal Housing Lender. NMLS ID #958660. 899 W Cypress Creek Rd, Fort Lauderdale, FL 33309. For important disclosures and state licensing information: https://admortgage.com/important-disclosures/