This transaction represents
Founded in 2011, SoFi is located in
SoFi finances loans on its balance sheet through its
Initial credit enhancement levels are 25.21% for the Class A Notes and 15.07% for the Class
KBRA applied its General Rating Methodology for Asset-Backed Securities as part of its analysis of the transaction’s underlying collateral pool, the proposed capital structure and SoFi’s historical gross loss data. KBRA also conducted an operational assessment of the SoFi’s Platform, as well as a review of the transaction’s legal structure and transaction documents. KBRA will review the operative agreements and legal opinions for the transaction prior to closing.
Preliminary Ratings Assigned: SoFi Consumer Loans Program 2016-3
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KBRA is registered with the
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