Track Record

A leading institutional platform in the U.S. municipal tax lien market.

Scale Built on Discipline

Alterna's track record spans more than $1.7 billion deployed and 222,000+ liens acquired — one of the most established multi-jurisdictional tax lien platforms in the United States.

A Leading ABS Issuer

Alterna created the first-ever AAA-rated multi-jurisdictional tax lien securitization in 2014 and has sponsored rated transactions across multiple market cycles.

A Durable Asset Class

Tax lien certificates are super-priority, asset-backed instruments secured by real property and senior to mortgages and most other liens. Returns are driven primarily by redemption — not property ownership — producing short-duration, predictable cash flows with historically low loss severity.