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College Ave Announces $385 Million Securitization Completion
Student loan marketplace,
College Ave Student Loans, announced on Tuesday it has completed a $385 million securitization of private student loans, its fourth securitization and largest to date. According to College Ave, the CASL 2021-A transaction was completed in February 2021 and saw significant investor demand and high levels of oversubscription, building upon the success of previous securitizations and attracting what was claimed to be a broad and diverse group of repeat investors and new participants across the capital structure.
Speaking about the securitization,
Joe DePaulo, CEO and Co-Founder of College Ave Student Loans, stated:
“In our six years in the market, College Ave Student Loans has built a strong reputation among the investment community. The market response to this securitization reinforces the depth of interest among institutional investors in our platform and business model, our expertise