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BRIEF-Prosper closes loan purchase agreement for up to $5 bln with consortium of investors
February 28, 2017 / 3:08 AM / 10 months ago

BRIEF-Prosper closes loan purchase agreement for up to $5 bln with consortium of investors

Feb 27 (Reuters) -

* Prosper Marketplace closes loan purchase agreement for up to $5 billion of loans with consortium of institutional investors

* Prosper Marketplace - Investors in consortium are affiliates of each of new residential investment corp., jefferies group llc and third point llc

* Prosper Marketplace - Consortium will also earn an equity stake in company based on amount of loans purchased

* Prosper - Warehouse financing of up to $1 billion will be provided by lenders including Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley.

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