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interest rate, are due in December 2029. Connecticut-based Planet, founded in 2007, had 236 sponsored loanofficers and 47 active branches as of Friday, according to the Nationwide Multistate Licensing System. The companys initial target for the offering was $400 million. The notes, which carry a 10.5%
Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. It’s a great time for lenders to climb aboard the home equity lending bandwagon.
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