Shellpoint Partners is planning a $251 million transaction in its first deal in the reviving private-label residential mortgage-backed securities market, Bloomberg reports.

The notes may be sold as soon as this week in a deal underwritten by Credit Suisse Group AG (AG), according to a person with knowledge of the transaction who asked not to be named, citing a lack of authorization to speak about the offering.

Last month the firm said the U.S. Securities and Exchange Commission approved a registration filing to allow the company to issue private-label residential mortgage-backed securities.