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Credit Suisse, Angel Island Capital Provide More Than $200MM to Liberty Lending

December 04, 2018, 07:03 AM
Filed Under: Lender Finance

Liberty Lending, LLC, a well-established consumer lending business, announced it has closed over $200 million to finance loans, totaling over $500 million of lending capital secured by the Company in 2018. The new financing facility, provided by Credit Suisse and Angel Island Capital, will be used to expand the Company's mission of providing deserving consumers access to credit. Sector Financial Inc, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility.

Walt Ramsey, Chief Executive Officer of Liberty Lending, said, "Our goal is to build a scalable and profitable consumer lending business that helps customers solve their debt problems with innovative borrowing solutions. This new financing facility, provided by Credit Suisse and Angel Island Capital, will enable us to expand our current product offering as we continue to provide customers with the solutions they need to achieve financial success."

Dev Gopalan, Chief Executive Officer of Angel Island Capital, said, "We have known the Liberty Lending team for many years and are excited to partner with them and help power their growing business. As Angel Island Capital continues to grow our Asset Based Investing practice, we are excited to take this step forward in our strategy and build on our relationship with Liberty Lending."


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