Octane Lending, a fintech company offering financing for motorcycles, ATVs, and mowers, has closed a $125.76 million asset-backed securitization (OCTL 2024-RVM1) backed by retail installment loans for recreational vehicles (RVs), powerboats, and pontoon hybrids. The financing marks Octane’s first securitization in the RV/Marine sector, following a successful history of 14 asset-backed securitizations since 2019. The transaction was well received by investors, with the note classes receiving ratings from S&P between AAA and BB. The company plans to continue expanding its RV and marine financing in the future, having already doubled originations in 2023 and projected growth in 2024.

Fintech Octane Closes $125M Asset-Backed Securitization