Achieve and Sutton Funding LLC co-sponsored a new HELOC securitization deal led by Barclays Capital Inc. As of June 30, 2025, this portfolio had an unpaid principal balance of $226 million. The structure features overcollateralization and a unique pro rata payment system. Achieve's HELOCs, aimed at debt consolidation and large purchases, have shown promising results, with customers saving an average of $800 monthly. This marks Achieve's seventh HELOC securitization, demonstrating continued growth and investor confidence in their platform.
The deal was co-sponsored by Achieve and Sutton Funding LLC, an affiliate of Barclays Capital Inc. Barclays served as the sole structuring agent and lead bookrunner.
As of June 30, 2025, the HELOC portfolio had a weighted average seasoning of two months, an unpaid principal balance of $226 million and an original balance of $229 million.
Achieve's fixed-rate, fully amortizing HELOCs are designed for debt consolidation, home renovations or large purchases, the company's release detailed.
Achieve's last HELOC securitization, a $210.9 million offering, closed on March 26, 2025.
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