NewtekOne, Inc.'s subsidiary, Newtek ALP Holdings, has recently amended its revolving credit facility with Capital One, N.A. The amendment involves an increase in the facility from $60 million to $100 million, along with a two-year extension of its maturity. This facility supports the origination of Alternative Loan Program (ALP) loans, which are later securitized. This development follows the amendment of the Deutsche Bank ALP facility in June. Barry Sloane, Chairman, President, and CEO of NewtekOne, highlighted the longstanding partnership with Capital One, which has been instrumental in the company's growth as a non-bank lender and financial holding company. The relationship has facilitated the distribution of sixteen securitization transactions since 2010, involving a broad network of institutional investors.
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