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SAFCO secures $204.5M funding facility with Capital One, eyes ABS market

William Street Capital Management joined Capital One in providing funding

Joey Pizzolato

Subprime lender Southern Auto Finance Co. secured $204.5 million in warehouse funding last week from Capital One and One William Street Capital Management in a move that will provide the lender with lower cost of funds and the potential to enter the auto asset-backed securities market. The warehouse lines, which replaced an existing asset-backed lending […]

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