SoFi Lending Corp.’s first foray into the 2017 securitization market bypasses its signature student-loan refinance program to instead pool together a super-prime consumer loans portfolio supporting $477.1 million in asset-backed bonds.

SoFi Consumer Loan Program 2017-1 is secured by a pool of $550 million in loans, and has a capital structure consisting of a $426.4 million series of Class A notes and $50.7 million in Class B notes.

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