Tagged: securitization

College Ave Student Loans Completes $300 Million Securitization of Private Student Loans

Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $300 million securitization of private student loans, its third securitization and largest to date. According to College Ave, the transaction was oversubscribed attracting a broad and diverse group of repeat investors and… Read More

LendingPoint Completes $178 Million Inaugural Personal Loan Securitization

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

Funding Circle Announces Completion of $198 Million ABS Securitization

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

LendInvest Completes £259 Million Securitization Transaction

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

Credibly Announces Investment Grade Senior Debt Offering

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

Kabbage Completes $700 Million Securitization

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More

Online Lender Upgrade Closes $225 Million Securitization backed by Personal Loans

Upgrade, an online lender in the consumer credit sector, has closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (UPGR 2019-1) issued $225 million in notes backed by personal loan assets facilitated through the Upgrade platform. The Upgrade Receivables Trust securitization was rated… Read More

Juncker Plan: €360 Million Investment for Spanish SMEs will Use Hyperledger Blockchain Tech

The European Commission (EC) recently announced a European investment plan designed to boost access to capital to Spanish SMEs and “midcap investment projects.” The plan is for the European Investment Bank Group and BBVA to provide €360 million for these smaller businesses. A €60 million “synthetic… Read More

CMU: Common Securitization Rules Kick in on January 1st in the European Union

As part of the Capital Markets Union (CMU), updated rules for securitization will commence on January 1st, 2019 in the European Union (EU). The new “harmonized” rules are designed to streamline the process of financial services firms to leverage securitization to boost access to capital…. Read More

BBVA & EIB Group Sign Synthetic Securitization in Blockchain of €1 Billion

BBVA and the European Investment Bank Group (EIB) announced on Thursday they have signed a synthetic securitization of €1 billion. According to the duo, this agreement is an innovative financing operation and it is claimed the first synthetic securitization to be supported by blockchain technology in the European Union (EU)… Read More

CommonBond Completes Another AAA Securitization of $399.2 Million In Total Loans

CommonBond, an online lending platform servicing the student loan market,  announced on Thursday it has completed another securitization of $399.2 million in total loans. According to CommonBond, the securitization received AAA ratings from Moody’s and DBRS. The transaction was the lender’s eighth and brings its total securitized loan… Read More

Upgrade Securitizes $282 Million of Personal Loans

Online lender Upgrade, Inc., has closed on its inaugural securitization of personal loans. According to the Fintech, Upgrade Receivables Trust 2018-1 (UPGR 2018-1) issued approximately $282 million in notes to nearly 20 banks and asset managers. Credit Suisse and Jefferies acted as joint lead underwriters, and… Read More

College Ave Student Loans Announces Completion of Second Successful Securitization

Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $199 million securitization of private student loans, its second successful securitization. According to the platform, the CASL 2018-A transaction completed over the summer, achieved higher ratings than College Ave’s inaugural securitization,… Read More

Online Lender CommonBond Issues 2nd AAA Rated Securitization

Online lender CommonBond has issued its second AAA rated securitization from Moody’s and DBRS. This is the largest securitization for CommonBond yet at $292 million of total collateral. This was the second securitization for 2018 and the 7th overall bringing the total to $1.5 billion…. Read More

White Label Loan Origination Platform INSIKT Secures $25 Million Social Bond Securitization

INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Tuesday it has completed a $25 million social and securitization. The company has completed 15 private market securitization issuances for a total of $247 million. As previously reported, INSIKT was founded in 2012 by Progreso Financiero… Read More

Online Lending in Risk On Mode: Unprecedented 21 Months of Non Stop Securitization Issuance

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21 months of non-stop… Read More

Online Lender CommonBond Receives First AAA Rated Securitization

  CommonBond, an online lending platform servicing the student loan market, has received its first triple A rating for securitization. Moody’s has assigned provisional ratings of (P)Aaa (sf) to Class A-1 and A-2 notes to be issued by CommonBond Student Loan Trust 2018-A-GS (CBSLT 2018-A-GS)…. Read More

Prosper Releases Third Quarter 2017 Results: Loan Originations Up 164% Year-Over-Year

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

Fitch Upgrades Select Ratings, Outlook on Prosper Marketplace ABS

Fitch has moved to upgrade ratings that impact assets originated on the Prosper marketplace lending platform. According to the rating agency, Fitch taken the following rating actions on two Citi Held for Asset Issuance trusts, which are backed by marketplace loans: CIiti Held for Asset Issuance… Read More

Largest & Highest Rated: CommonBond Closes $248 Million Securitization

CommonBond, an online lender that helps students and graduates finance their loans, has closed a $248 million securitization of refinanced student loans. This is the largest and highest rated securitization for the Fintech to date. The offering’s most senior notes achieved AA ratings from Moody’s,… Read More

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