LendingClub Closes on Pass-Through Security Transaction Providing New Liquidity Over the Counter

LendingClub (NYSE: LC), the leading marketplace lending platform in the US, has closed a “first-of-its-kind” transaction: a whole loan transaction structured as a tradable, pass-through security labeled as a Consumer Loan Underlying Bond or “CLUB Certificate”. This first transaction totaled $25 million with an institutional investor seeking… Read More
Read more in: Investment Platforms and Marketplaces | Tagged club, lendingclub, marketplace, patrick dunne, scott sanborn