Powersports Lenders Pull Back on Securitizations as Whole Loan Market Heats Up | Auto Finance News | Auto Finance News

Powersports Lenders Pull Back on Securitizations as Whole Loan Market Heats Up

While there may be only two issuers in the powersports asset-backed securitization space, the market is notably slowing as both companies have foregone issuing transactions this year.

But the pullback is not due to a lack of investor demand, Tom Baurle, managing director of investment banking and structured finance at Oak Ridge Financial, told Powersports Finance. “Good [investor] demand is still there,” Baurle said. “We are finding a lot more interested parties in the early-stage securitization financing that we do in powersports and in other markets than there were years ago. The market continues to be fairly robust.”

The Golden Valley, Minn.-based structured finance brokerage firm worked with ThunderRoad Financial Founder and Chief Executive Donal Hummer Jr. and his team on the powersport lender’s first-ever securitization back in April 2016.

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