First Help Financial raises $272.7 million in asset-backed securities through FHF Issuer Trust series 2026-2, primarily secured by subprime auto loans.
PRIVATEAug 20, 2026•about 5 hours ago
Amount Raised
$273 Million
Round Type
Venture - Series Unknown
Financial ServicesFinanceLending
Description
First Help Financial's latest subprime auto pool will raise $272.7 million in asset-backed securities through a series of notes coming to market. The deal primarily involves loans secured by used vehicles, and includes about seven tranches. The prefunding period is set to close by October 31, and loans originated by franchise dealers form a significant portion of the pool. DBRS has assigned various ratings across the different classes of notes.
Company Information
Company
First Help Financial
About
First Help Financial offers financial solutions primarily focused on subprime auto loans. The company's latest pool of automobile loan contracts aims to raise substantial capital through asset-backed securities. They emphasize securing loans primarily against used vehicles to cater to a broader market. Their goal is to assist customers in obtaining vehicle financing despite credit challenges.
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