Nonprime indirect auto lender Arra Finance closed its first auto asset-backed securitization this month as it continues to build out its lending portfolio. The private transaction follows Irving, Texas-based Arra’s acquisition of Crescent Bank’s auto finance division in 2025 and securing a $100 million warehouse line from Goldman Sachs that year. Obra Capital, the asset management firm that owns Arra, co-sponsored the transaction with one of its managed funds, according to […]
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