Press Release|ABS
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KBRA Assigns Preliminary Ratings to Acacia 2026-1, LLC

8 Jul 2026   |   New York

Contacts

KBRA assigns preliminary ratings to two classes of Notes issued by Acacia 2026-1, LLC (Acacia 2026-1), a $235.7 million property tax lien ABS transaction. Acacia 2026-1 represents the Company’s second tax lien ABS securitization. Proceeds from the Notes will be used to acquire a portfolio of 41,752 property tax lien assets from municipalities within 13 jurisdictions, including Florida (75.9%), Maryland (10.4%), and New Jersey (5.1%), with a redemptive value of approximately $225.4 million (the Initial Tax Liens) and a weighted average original lien rate of 6.2%. Acacia 2026-1 is a partially prefunded transaction where the Notes are initially supported by $23.6 million deposited into two prefunding accounts (approximately 10.0% of the initial note balance) that will be used to purchase tax liens subject to certain eligibility criteria.

Acacia Asset Management Group LLC (Acacia or the Company) was founded in 2019 and is a specialty finance holding company that purchases real estate tax liens from government entities or third parties. The Company is comprised of over 15 individuals operating out of New Jersey with additional support from more than 75 professionals at the family office backing the Company. As of June 1, 2026, Acacia has purchased over $400 million in tax liens across 17 jurisdictions, with approximately $300 million in assets under management. AAMG Tax Auctions, LLC (the Contributor and Manager) and AMG Servicing, LLC (the Servicer), are both affiliate entities of the Company formed in October 2023 and November 2024, respectively. At closing, the equity position in Acacia 2026-1 will be retained by Acacia and its affiliates.

To access ratings and relevant documents, click here.

Click here to view the report.

Methodologies

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

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