ABS

The private, pass-through structure includes elements of both public transactions and those with bank expertise.

ABS overall should outperform, but risks remain in specific areas

The deferred pay structure offers investors a premium over traditional residential transition loan securitizations.

Small Business Act 7(a) loans will secure the notes. Interest will be repaid through subordination and interest will be repaid on a pro rata basis.

There is a three-year revolving period when the transaction will not make any principal payments to the notes unless an early amortization event occurs.

The collateral pool is static, with no reinvestment period. There are no concentration limits, and the loans have a weighted average remaining term of 4.6 years.

The investment firm is looking to expand the sandwich chain's existing whole-business securitization.

Lender to consumers denied traditional credit raises $250 million after skipping 2023.

Lathrop was named interim CEO of the warehouse finance and securitized products business in August, and comes from a long history with Citigroup, including co-head of its global securitized markets.

Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.