NewtekOne, Inc.'s consolidated subsidiary, Newtek ALP Holdings, has successfully amended and expanded its revolving credit facility with Deutsche Bank AG. This facility, which supports the origination of Alternative Loan Program (ALP) loans, has been increased to $170 million. Deutsche Bank has been a consistent warehouse lender for the ALP since 2019, and this expansion aligns with NewtekOne's ongoing strategy to bolster its ALP business. Earlier this year, NewtekOne closed a $184 million securitization backed by $216 million in ALP loans, marking its third asset-backed securitization in this category. CEO Barry Sloane expressed appreciation for Deutsche Bank's unwavering support, highlighting its role in leading the company's last ten securitizations.
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