Blackstone Group – Lendmark Financial Services

The document outlines Blackstone Group's ownership of Lendmark Financial Services, noting its expansion through the 2015 acquisition of 127 Springleaf Financial branches. It highlights Lendmark's subprime lending model, which includes loans from $500 to $15,000 and interest rates reaching 60% APR in South Carolina. Additionally, it describes Lendmark's use of derivative securities to package loans for investors, issuing over $760 million in such securities since 2016.

• Blackstone Group owns Lendmark Financial Services, which expanded its network to 321 branches after acquiring 127 branches and loan assets from Springleaf Financial in late 2015.
• Lendmark provides subprime installment loans ranging from $500 to $15,000, with interest rates that can reach 60% APR in South Carolina.
• Lendmark has issued more than $760 million in derivative securities by packaging its loans for other investors, with some structures potentially encouraging the renewal of customer loans.

APA

Private Equity Stakeholder Project (2017). Blackstone Group – Lendmark Financial Services. https://pestakeholder.org/reports/blackstone-group-lendmark-financial-services/

Chicago

Private Equity Stakeholder Project. Blackstone Group – Lendmark Financial Services. 2017. https://pestakeholder.org/reports/blackstone-group-lendmark-financial-services/.

Wikipedia

{{cite report |author=Private Equity Stakeholder Project |title=Blackstone Group – Lendmark Financial Services |date=11 December 2017 |url=https://pestakeholder.org/reports/blackstone-group-lendmark-financial-services/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{privateequitystakeholderproject2017blackstone, author = {{Private Equity Stakeholder Project}}, title = {{Blackstone Group – Lendmark Financial Services}}, institution = {Private Equity Stakeholder Project}, year = {2017}, month = dec, url = {https://pestakeholder.org/reports/blackstone-group-lendmark-financial-services/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }