CommonBond’s 3rd Securitization CommonBond has closed securitization of $168 million in refinanced student loans. The online lending platform reported a rating of ‘A1’ from Moody’s and ‘AA (low)’ from DBRS. The securitization was backed by $178 million in collateral. Goldman Sachs served as joint-lead managers and bookrunners… Read More
On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More
On Tuesday, marketplace lender CommonBond announced that it closed over $275 million in separate warehouse line funding from Barclays, Macquarie Capital, and others. The new capital provides additional lending capacity for CommonBond to support the company’s rapidly-growing student lending business. The new funding takes CommonBond… Read More
Direct lending platform CommonBond has selected Morgan Edwards as its new Chief Financial Officer. Edwards has spend the last 7 years as an MD at Macquarie Capital. According to a company report, Edwards has tallied over 25 years in traditional finance. At Macquarie he played… Read More
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