loanDepot taps debt market as part of capital strategy

money
By Sasha Padbidri
18 Aug 2016

Online marketplace platform loanDepot is accessing the debt market for funding after it postponed plans for an initial public offering last November.

The California-based platform closed a $150m credit facility last week as part of its strategy, and is also marketing CILO 2016-LD1, a private unrated securitization backed by consumer loans from one of its personal loan partners.

Credit Suisse is the sole lead of the $105.65m deal, which ...

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