SoFi Lending Corp. is marketing another $536 million of securities backed by private student loans.
SoFi Professional Loan Program 2015-D LLC will issue three tranches of notes backed by a trust certificate representing 100% of the beneficial ownership interest in a grantor trust holding loans originated through SoFi’s private student loan program. The $154 million variable-rate class A-1 notes will be primarily secured by a group of variable-rate loans. The $334.8 million fixed-rate class A-2 notes will be primarily secured by a group of fixed-rate loans. Both tranches are provisionally rated ‘AAA’ by DBRS and have a final maturity of October 2036.