“The conclusion of this transaction in the current economic context bears witness to the Foundation’s continued solid results. “
WESTON, Wisconsin (PRWEB)
June 12, 2020
Foundation Finance Company LLC (“Foundation”) has closed its fourth securitization transaction, issuing $ 225 million in asset-backed securities secured by a pool of installment sales contracts and agreements primarily used to improve equity. ‘habitat. The Foundation has issued more than $ 1 billion in home improvement backed notes since its first securitization in 2016.
Chief Executive Officer Alex Mladek said: “Completing this transaction in the current economic environment, with strong investor demand, is a testament to the Foundation’s portfolio performance, credit standards and continued strong results. This strengthens our position as the market leader in point-of-sale home renovation financing. “
Goldman Sachs & Co. LLC acted as sole structuring advisor and, with Guggenheim Securities, as co-book managers on the transaction.
About Foundation Finance Company LLC
The Foundation was founded in 2012 through the partnership of an experienced management team and Garrison Investment Group. Foundation specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment loans and promotional financing. Foundation operates in all 50 states and serves more than 7,000 home improvement contractors and hundreds of thousands of homeowners nationwide. For more information, visit foundationfinance.com
Share the article on social media or by email: