Pagaya Technologies recently announced the closing of its first auto resecuritization transaction, a roughly $450 million deal that marks the launch of its new RPM-R shelf. The transaction introduces a new structure designed to provide investors with access to seasoned auto loan collateral, expanding the company’s capital markets strategy and investor base.
The deal is backed by auto loans with approximately 24 months of seasoning, offering investors exposure to assets with an established performance history. By packaging these seasoned loans into a resecuritization format, Pagaya aims to provide a more stable and “de-risked” entry point into its auto lending ecosystem.
The transaction attracted participation from 17 unique investors, reflecting strong demand for seasoned collateral among both new and existing partners. The launch builds on Pagaya’s broader momentum in asset-backed securitization, following a record 2025 in which the company raised more than $8.5 billion across its ABS platforms. Since 2018, Pagaya has completed over 85 ABS transactions, raising more than $36 billion in total.
Pagaya, a fintech company leveraging AI and machine learning to power consumer credit and real estate products, continues to expand its structured finance offerings through innovative capital markets programs. The new auto resecuritization platform complements its existing personal loan resecuritization efforts and further diversifies its funding capabilities.
KEY QUOTE:
“This inaugural auto resecuritization marks a significant evolution in our capital markets strategy. By leveraging seasoned collateral with roughly two years of performance history, we are offering an expanded product suite to existing investors while attracting new investors to the platform. The execution of this transaction validates our ability to package Pagaya’s data-driven assets into diverse structures that appeal to a broad range of credit appetites.”
Sahil Chandiramani, Head of Capital Markets at Pagaya Technologies
