P2P lenders amass for securitization pitch

11 Sep 2014

Lending.com, a peer-to-peer lender that launched earlier this year, expects the first securitization of its single-family property rehab loans to hit markets in eight months. The company is one of many peer-to-peer lenders flocking to the ABS East Conference later this month to plan issuance in the high-yielding asset class.

“We’ve had lots of interest by large renowned hedge funds and investment banks,” Lending.com managing partner Mike Holland told GlobalCapital on Thursday. “They like the loans we are originating and would potentially securitize them."

Holland said Lending.com is looking for a warehouse funding partner to provide steady loans ...

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