TITLE

SoFi Gets $60M in Loan Funding from Morgan Stanley

AUTHOR(S)
Wack, Kevin
PUB. DATE
March 2013
SOURCE
American Banker;3/27/2013, Vol. 178 Issue 47, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on Social Finance (SoFI), a student-loan company based in San Francisco, California that received a $60 million line of credit from Morgan Stanley bank. The article notes a press release from SoFi's chief executive officer Mike Cagney about expanding in the student loan market. It also notes SoFi's interest rates are lower than government student loans.
ACCESSION #
86435652

 

Related Articles

  • Alternative Lender SoFi Expands into Personal Loans. Wilhelm, Colin // Americanbanker.com;2/17/2015, p1 

    Social Finance, an alternative lender that has made its name in student loans, has branched out into unsecured personal loans.

  • SoFi's IPO Target May Grow, CEO Says. Scully, Matt // Americanbanker.com;12/16/2014, p1 

    Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.

  • SoFi's IPO Target May Grow, CEO Says. Scully, Matt // Americanbanker.com;12/15/2014, p1 

    Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.

  • SoFi Expands Student-Parent Lending. Wilhelm, Colin // Americanbanker.com;4/30/2015, p1 

    Marketplace lender Social Finance has expanded its education loans to parents of students in 49 states and the District of Columbia.

  • MS Preps $465M CF for Intersil Acquisition. Kellerhals, Richard // High Yield Report;4/19/2010, Vol. 21 Issue 16, p6 

    The article reports on the 465-million U.S. dollar credit facility prepared by Morgan Stanley for Intersil which will use the proceeds to acquire Techwell.

  • U.K. Student Loans--Still Not Making The Grade... Gillman, Robert // Asset Securitization Report;06/18/2001, Vol. 1 Issue 24, p24 

    Focuses on Morgan Stanley Dean Witter's assessment of securitization of British student loans. Fitch's report on the British student loans transactions in Great Britain; Basis behind reaffirmation of ratings for all classes of THESIS and HONOURS 2; Examination of servicing performance; Deferral...

  • Fast Five with Heidi Wood. Garvey, William // Business & Commercial Aviation;Dec2011, Vol. 107 Issue 12, p26 

    An interview with Heidi Wood, managing director at the Aerospace/Defense and senior equity analyst at Morgan Stanley, New York, is presented. When asked about the attractiveness of business aviation, she refers to Wall street vernacular, which is becoming global and has potential for significant...

  • CALIFORNIA: Airport's Big-Deal Shortlist. Cohen, Jackie // Bond Buyer;2/16/2007, Vol. 359 Issue 32570, p9 

    The article reports that Morgan Stanley & Co. Inc. has been selected by the Sacramento County Airport System, California to senior manage the first bond sale and aid in the overall financial plan for a five-year, $1.1 billion expansion. The expansion plan proposes for the issue of $700 million...

  • Student Lender SoFi Sets Sights on Elite Schools. Wack, Kevin // American Banker;2/20/2013, Vol. 178 Issue 27, p16 

    The article presents information about Social Finance (SoFi) Inc., a nonbank lending company located in San Francisco, California that offers a favorable rate to college students who have high earnings potential and are most likely to repay their loans. SoFi's chief executive officer Mike Cagney...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics