Large Student Loan Originator Selects FIG’s Loan Sale Team
ATLANTA, Feb. 22, 2016 — FIG Partners has been retained to sell a large portfolio of prime credit quality private student loans for a large originator. This engagement includes arranging future flow relationships to purchase newly originated prime student loans through FIG Partners going forward.
“FIG Partners is pleased to have been selected to offer this prime student loan pool,” said Amy Boothe-Fuentes, Senior Vice President and Head of Whole Loan Trading. “We are also excited to offer the opportunity to our clients to participate in future originations.”
The current loan portfolio consists of a nationwide pool of student loans, with the top three state concentrations in California, New York and Texas. The weighted average net coupon is 4% with a four-year expected weighted average life.
FIG serves its clients with advisory and broker services on whole loan and other fixed-income and balance sheet management transactions.
The FIG Partners team responsible for the transaction includes Boothe-Fuentes and Ricardo Diaz, Senior Vice President and Head of Fixed-Income.
Please call 404.601.7248 for more information. To learn more about FIG Partners’ whole loan trading capabilities, visit www.figpartners.com.