Beyond Agency

The institutional alternative for the US asset classes the agencies don’t serve.

Fannie Mae and Freddie Mac built the world’s deepest credit markets for single-family and conventional multifamily. Gallantree builds the equivalent institutional originate-to-distribute infrastructure across six non-agency asset classes , commercial real estate, home loans, middle-market corporate loans, equipment finance, auto loans, and esoteric assets.

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The Wedge

The agencies built the pipes. We build them for everything else.

Fannie Mae, Freddie Mac, and Ginnie Mae standardized single-family and conventional multifamily origination and turned them into the deepest, most liquid credit markets in the world. But the agency mandate stops at the edge of those two asset classes.

For everything else , commercial real estate, home loans, middle-market corporate loans, equipment finance, auto loans, and esoteric assets , origination is fragmented and distribution is bilateral. Gallantree builds the equivalent institutional infrastructure for those markets, engineered to agency-grade operational standards.

Where the agencies operate

Single-family conforming residential and conventional multifamily: deep, liquid, standardized. Fannie Mae, Freddie Mac, and Ginnie Mae built the pipes that made these the world’s most efficient credit markets.

Where the agency mandate stops

Commercial real estate outside conventional multifamily, non-agency home loans, middle-market corporate loans, equipment finance, auto loans, and esoteric assets: six large, credit-worthy markets with fragmented origination and bilateral distribution.

What Gallantree does

We build the equivalent institutional originate-to-distribute infrastructure for those non-agency markets: aggregation, credit surveillance, rated tranching, and distribution. Engineered to agency-grade operational standards, without the agency mandate.

Six Non-Agency Asset Classes

Six markets. One institutional distribution channel.

Each of these markets is large, credit-worthy, and structurally underserved by the distribution infrastructure that shaped the agency markets. We build it for them.

Commercial Real Estate

Office, industrial, retail, hospitality, mixed-use, self-storage, data centers, life sciences, medical office, cold storage, senior housing, student housing, and transitional / bridge: the CRE asset classes beyond conventional multifamily. We aggregate, warehouse, and distribute through rated CRE-CLO and private-label CMBS structures.

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Warehouse and aggregation for CRE mortgage banks and bridge lenders

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CRE-CLO and private-label CMBS distribution to institutional allocators

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Loan-level surveillance, waterfall management, and investor reporting

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Property-type diversification and concentration monitoring

Home Loans

Non-QM, jumbo prime, investor DSCR, second-lien / HELOC, and other non-agency residential mortgage programs that sit outside the Fannie / Freddie / Ginnie mandate. We aggregate across originators and distribute through private-label RMBS under Rule 144A and Regulation D.

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Aggregation across non-QM, jumbo, and DSCR investor programs

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Private-label RMBS structuring and rated distribution

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Rep-and-warranty framework and third-party due diligence coordination

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Servicer oversight and monthly loan-level investor reporting

Middle-Market Corporate Loans

Direct lending, sponsor-backed leveraged loans, unitranche, second lien, and mezzanine, plus broadly-syndicated loan collateral for CLOs. We provide the warehouse, structuring, and rated distribution infrastructure that middle-market originators need to scale beyond bilateral funding.

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Warehouse facilities for direct lenders, BDCs, and bank C&I desks

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CLO structuring and rated-note distribution

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Portfolio-level covenant, industry, and obligor concentration monitoring

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Amendment, workout, and restructuring workflow support

Equipment Finance

Equipment loans and leases across transportation, construction, agriculture, industrial, medical, technology, and marine collateral. We aggregate across independent finance companies and bank-owned lessors and distribute through rated equipment ABS under Rule 144A and Regulation D.

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Warehouse capital for independent finance companies and captive lessors

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Rated equipment ABS structuring and term-out distribution

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Residual-value analytics, obsolescence tracking, and remarketing oversight

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Vintage, obligor, and equipment-type concentration monitoring

Auto Loans

Prime, near-prime, subprime, and specialty auto loan and lease collateral, including EV and commercial fleet programs. We aggregate across bank, captive, and independent auto originators and distribute through rated auto ABS to a deep institutional investor base.

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Warehouse aggregation for prime, near-prime, and subprime auto lenders

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Rated auto ABS structuring across retail, lease, and fleet programs

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FICO / LTV / seasoning stratification and dynamic pool monitoring

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Servicer oversight, collections benchmarking, and prepayment analytics

Esoteric Assets

Solar and renewables receivables, whole-business, franchise royalties, aviation, container, rail, timeshare, structured settlements, IP royalties, and other specialty cash-flow collateral. We build bespoke structures for programs that need institutional distribution but sit outside the vanilla ABS shelves.

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Bespoke rated structures for solar, whole-business, franchise, aviation, and IP

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Private-label 144A / Reg D distribution to specialty institutional allocators

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Cash-flow modeling, stress testing, and rating-agency methodology alignment

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Deal-team coordination across servicers, backup servicers, and trustees

How It Works

Originate. Warehouse. Structure. Distribute.

A single institutional operating model across all six non-agency asset classes.

You originate to an agreed mandate

You continue originating within your credit box. Eligibility criteria, concentration limits, and portfolio parameters are defined upfront so origination flows seamlessly into the aggregation pipeline for the target structure.

We warehouse and aggregate

Gallantree supplies warehouse capital while the pool builds to critical mass. Loan-level data is ingested continuously, tested against the term structure, and surfaced in the platform for full transparency.

We structure and distribute

When the pool is ready, we structure the rated tranches, coordinate rating agencies and trustees, and place the notes with our institutional investor base. The warehouse recycles and origination continues.

We manage the program

Waterfall calculations, investor reporting, trustee coordination, surveillance, and compliance monitoring: through the life of the deal. You stay focused on origination and credit.

What We Provide

Institutional infrastructure across the program lifecycle

Warehouse, aggregation, rated structuring, institutional distribution, and ongoing program management , delivered through Gallantree Securities LLC (broker-dealer) and Gallantree Advisors LLC (SEC-registered adviser), and powered by the Gallantree platform.

Aggregation and warehouse

We provide warehouse capital and aggregation infrastructure for originators building portfolios toward term securitization. Eligibility criteria, advance rates, and concentration limits are monitored in real time against the collateral we plan to distribute.

Rated structuring

End-to-end structuring across CRE-CLO, corporate CLO, CMBS, and non-agency RMBS / ABS: from portfolio selection through rated tranche design, credit enhancement, and waterfall modeling to term issuance. Built to the disclosure standards of Reg AB II and Rule 144A.

Institutional distribution

Distribution to pension funds, insurance balance sheets, endowments, and global credit allocators through Gallantree Securities LLC (broker-dealer). Programs are priced and placed to a curated institutional book, not shopped bilaterally.

Program management

Ongoing waterfall calculations, investor reporting, trustee coordination, surveillance, and compliance monitoring: the full post-close capital markets lifecycle, managed on our platform so originators stay focused on origination.

Get Started

Building beyond the agency mandate? Let’s talk.

Whether you’re a CRE mortgage bank, a middle-market direct lender, or a non-agency residential aggregator, our structuring team can walk through what warehouse, structuring, and distribution would look like for your book.

Fill out the form and a member of our team will be in touch within one business day.

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Gallantree is not affiliated with, sponsored by, endorsed by, or acting on behalf of Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing Finance Agency, the Federal Home Loan Bank system, or any U.S. federal agency or government-sponsored enterprise. Gallantree programs are not guaranteed by any such entity or by the U.S. government. References to agency programs and markets are for comparative context only. Securities offered through Gallantree Securities LLC, member FINRA/SIPC. Investment advisory services offered through Gallantree Advisors LLC, an SEC-registered investment adviser. This site is directed to institutional investors, Qualified Institutional Buyers, and Accredited Investors as defined under U.S. federal securities laws.

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