ATLANTA, August 6, 2015 — FIG Partners served as broker for a $25.5 million sale of a whole loan auto portfolio between two of its financial institution clients. The pool of auto loans had a weighted average coupon of 5%, with a weighted average remaining term of 60 months. The portfolio was sold on a servicing-retained basis.
FIG Partners served as the broker for the transaction. The FIG Partners Fixed Income team involved in the transaction included Amy Boothe-Fuentes, Senior Vice President and Head of Whole Loan Trading.
FIG Partners launched its whole loan trading platform in November 2014 and serves its clients with advisory and broker services on whole loan and other fixed-income and balance sheet management transactions.
To learn more about FIG Partners’ whole loan trading capabilities, visit www.figpartners.com.