NewtekOne, Inc. Closes $154,320,000 Alternative Business Loan Backed Securitization

BOCA RATON, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ: NEWT), announced today that its joint venture, Newtek-TSO II Conventional Credit Partners, LP ("NewtekTSO"), has closed a securitization backed by alternative business loans, selling $137,170,000 of Class A Notes and$17,150,000 of Class B Notes (collectively, the "Notes") issued by NALP Business Loan Trust 2024-1. The Notes are backed by $190,520,000 of collateral, consisting of$159,770,000 of Company originated a ...