April 9, 2024
Cincinnati, OH – LendKey, the pioneer of digital network lending, has successfully facilitated and closed a loan sale transaction for a $54 million unsecured consumer loan pool for Ent Credit Union, Colorado’s largest credit union.
The transaction was completed swiftly and efficiently through LendKey’s ALIRO loan trading platform, streamlining the process to provide Ent with a seamless experience from start to finish. ALIRO enabled Ent to access a broader pool of potential investors while maintaining control over the loan portfolio.
Vince Passione, Founder and CEO of LendKey, emphasized the opportunities the partnership presents for both parties. “We were thrilled to partner with Ent and facilitate this significant transaction through ALIRO. This collaboration underscores our commitment to empowering credit unions with cutting-edge technology solutions to drive growth and optimize their liquidity.”
ALIRO was built upon years of loan origination and syndication experience and allows financial institutions to buy and sell whole loans and loan participations in either one-time transactions or forward flow programs across any asset class. The functionality of ALIRO provides more thorough pre-trade diligence and analysis to maximize profitability by evaluating both trade opportunities and funding strategies.
For more information about LendKey and its innovative network lending solutions, please visit www.lendkey.com.