Prestige Financial’s $150 million funding facility with Wells Fargo Securities has a renewable one-year term and will assist Prestige in growing its loan portfolio and completing periodic asset-backed securitizations.
Ally Financial seized on a market buoyed by new loan originations to claim the title of largest auto finance company in the United States in 2010, according to the new Auto Finance Big Wheels annual ranking of car lenders and lessors.
Exeter Finance Corp., a specialty auto finance company, has entered into a $150 million warehouse line of credit with Wells Fargo Bank N.A.
Security National Automotive Acceptance Corporation (SNAAC) has secured a $200 million revolving credit facility from Wells Fargo Preferred Capital and Fifth Third Bank.
Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has provided a revolving credit facility to Carolina Finance LLC.
Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has provided a $12 million revolving credit facility to K STReet Finance Inc.
Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has increased its revolving credit facility from $240 million for one year to $365 million for three years to Westlake Financial Services.
Further evidence that losses from failed loans may have peaked in the first half of 2010 was revealed as the nation’s largest banks issued their second-quarter report cards.
With lenders in a better mood these days, could we see a return to normalcy? Well, not so fast. Consumers still need some TLC.
Finance company Exeter Finance Corp. secured a $100 million line of credit with Wells Fargo Bank N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio and enable expansion of its branch network this year.
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