Online lender Social Finance, known as SoFi, is planning its second rated securitization of prime consumer-loan securitization in just over a month.

The SoFi Consumer 2016-2 trust is issuing $480.55 million in asset-backed notes of high-earner loans to mostly advanced-degree professionals that SoFi began originating in 2015. The deal expected to close Aug. 1 – just five weeks after completing a June 27 completion of its $380 million 2016-1 transaction.  

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