Upstart signs multi-year forward-flow deal with Castlelake for up to $4 billion in consumer loans
UPST•Upstart expands forward-flow relationship with Castlelake
- Upstart signed a multi-year forward-flow agreement with Castlelake for Castlelake-managed funds to buy up to $4 billion of consumer loans.
- Purchases will cover loans originated on Upstart’s platform over as long as 24 months under a new forward-flow arrangement.
- The deal expands a relationship built on prior transactions dating to 2023, marking the companies’ largest program to date.
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