Consumer Portfolio Services Expands Warehouse Facility to $518 Million
Consumer Portfolio Services amended its revolving warehouse credit facility with Capital One and a Class B Lender, raising borrowing capacity to up to $518 million. The facility is secured by automobile receivables and allows advances up to 95.5% of eligible receivables.
Consumer Portfolio Services amended its revolving warehouse credit facility with Capital One and a Class B Lender, raising borrowing capacity to as much as 518 million. 5% of eligible receivables. Interest is charged at a margin…