Pagaya signs up to $700 million auto loan forward flow deal with Neuberger Specialty Finance
PGY•Forward flow deal expands Pagaya auto funding
Pagaya struck a forward flow agreement with Neuberger Specialty Finance to buy up to $700 million of auto loans.
- The deal adds long-term committed funding for Pagaya’s auto platform, marking its second auto forward flow agreement.
- Pagaya said the Neuberger partnership expands into auto loans, extending ties that already span multiple capital markets financing transactions.
- Pagaya cited auto network volume at a $4.8 billion annualized run rate in the latest quarter.
