CommonBond Issues Securitization

| By:


CommonBond  Student Loan Refinancing   ConsolidationCommonBond, which helps people finance student loans, announced today its second AAA-rated securitization from Moody’s and DBRS. At $292 million of total collateral, the transaction is the company’s largest to date. It is CommonBond’s second securitization of 2018 and its seventh altogether. The company, which competes with SoFi, now has a total securitized loan amount to over $1.5 billion.

A mix of new and current investors participated in the transaction. Goldman Sachs served as structuring agent, co-lead manager, book-runner, and co-sponsor for this securitization. Barclays, Citi, and Guggenheim Securities also were co-lead managers and book-runners on the transaction.

“Our recent securitization continues the company’s track record of strong credit performance and consistent growth,” said Sam Luk, head of capital markets at CommonBond.

CommonBond was founded in 2011 and is based in New York.

Last modified: August 3, 2018

Category: Online Lending

Home Online Lending › CommonBond Issues Securitization


    Pearl Capital

    Liquidibee

    BizFund

    AMA Recovery

    Fenix Capital Funding

    SOS Capital

    Forward Financing

    Amerifi Capital

    Vox Funding

    Hunter Caroline

    Better Accounting Solutions

    Torro

    Splash Advance

    Balboa Capital

    ROK Financial

    Flash Advance

    BCCUSA

    Smart Business Funding

    CFG Merchant Solutions

    Big Think Capital

    National Funding

    IOU Financial

    Unique Funding Solutions

    Meridian Leads

    The Smarter Merchant

    Merchant Financing Leads

    Accord Business Funding