Home
Fintech
LendingPoint Announces Two Securitizations Totaling over $240 Million

LendingPoint Announces Two Securitizations Totaling over $240 Million

·
FintechNews RoundupUSA
··1 min read

LendingPoint has closed two securitizations, one composed of direct to consumer loans and the other of point of sale loans; according to the press release, “LendingPoint Receivables Trust 2020-1 (“LDPT 2020-1”) issued $200 million of rated notes backed by a pool of $210.5 million of direct-to-consumer loans originated on the LendingPoint platform. LPMS 2020-1, an unrated securitization backed by point-of-sale loans, issued $45.8 million of notes with a weighted average yield of 4.910%”; Kroll Bond Rating Agency assigned preliminary ratings to four classes of the direct-to-consumer loans; the press release shares more details on the transactions. Yahoo Finance

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

    View all posts