Oportun Financial Corp., a specialty subprime lender to Hispanic communities in the U.S., is back with its third securitization of small consumer loans.

The latest asset-backed transaction, Opportun Funding IV, LLC, Series 2016-C is a $125 million offering of two classes of notes. The Class A notes atop the capital stack are sized at $103 million with 30% credit enhancement, followed by the Class B notes totaling $22 million, with 15% CE. The notes are backed by a pool of 63,244 loans totaling $147 million.

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