10:16 AM EST, 03/03/2025 (MT Newswires) -- SoFi Technologies ( SOFI ) said Monday it closed a $697.6 million securitization backed by personal loans originated through its loan platform business.

The company said the securitization, which included loans previously placed with business partners, is SoFi's first under its Consumer Loan Program since 2021 and the first using collateral from its loan platform business.

The deal involved 35 investors and was structured with four classes of notes rated up to "AAA" by Fitch Ratings and Morningstar DBRS, SoFi said.

Goldman Sachs ( GS ) and Bank of America ( BAC ) led the offering, which priced with a weighted average spread of 87 basis points and an all-in yield of 5.10%, the company said.

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