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December 13, 2017  

The Grapevine

Prophet Capital is considering securitization as an exit strategy for its investments in property-tax liens. The Austin firm envisions a $200 million bond offering in the first half of 2018, according to sister publication Asset-Backed Alert. Prophet owns several hundred million dollars of property-tax liens, which confer the right to collect on delinquent taxes and penalties or, alternatively, to foreclose. It substantially increased those...

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