08:21 AM EDT, 07/14/2025 (MT Newswires) -- Pagaya Technologies ( PGY ) will sell up to $2.5 billion of consumer loans to Castlelake, Bloomberg reported Monday, citing a statement from Castelake.

Castlelake will buy the loans over a 16-month period through a so-called forward flow agreement, in which investors agree to purchase the loans before they are originated, Bloomberg reported, citing the statement.

Pagaya ( PGY ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)