Agora Data closes its second ABS transaction

Agora crowdsourced 40 buy-here, pay-here lenders into its Agora Capital program

© Can Stock Photo / meepoohyaphoto

Agora Data has closed its second crowdsourced subprime auto asset-backed securitization, which closed May 27. Agora successfully crowdsourced 40 buy-here, pay-here (BHPH) lenders into its Agora Capital program with an unpaid principle balance of nearly $200 million. The deal was an unrated private placement, underwritten by Credit Suisse. The deal is more than double its […]

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