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DREAM Program

Defeasance for Real Estate Affordability and Mobility

Homeowner current loan: $500K, 2.85%
Monthly payment: $2,100

TRADITIONAL PREPAYMENT

Sell home & Pay Off amount:
$500K
New Home Loan amount & rate:
$500K, 7.0%
New monthly payment:
$3,300

DREAM
TRANSACTION

Sell home & Pay Off amount:
$420K
New Home Loan amount & rate:
$420K, 7.0%
New monthly payment:
$2,800

THE
BENEFITS

Pay Off $420K instead of $500K
$80K Principal Discount
New Home Loan amount:
$420K instead of $500K.
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Business Case Example

CURRENT

TAKARA PROGRAM

Total assets: $30 billion
FRM Portfolio: 7,500 loans, $5 billion
Avg. rate: 3.5%

Total unlocked value: $600 million
Average borrower benefit: $85,000
Avg. lender revenue per loan: $7,500

Lender Benefits

- New fees

- Origination flow

- Capital relief

- Improved liquidity

Disclaimer: The material on this site is intended solely for informational purposes. Under no circumstance shall it be construed, by implication or otherwise, as legal, tax, or investment advice. Synthetic Prepayment™ is a registered trademark, all rights reserved. 

All rights reserved to Takara Capital Inc., 2025.

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