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  "documentTitle": "Vroom | Mergers and Acquisitions Presentation Deck | 11 slides",
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  "authorName": "Vroom",
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  "presentationDate": "2021-10-01 00:00:00",
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  "pageNumber": 7,
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  "notes": "The slide uses a timeline-based framework to delineate balance sheet treatment strategies for pre- and post-closing loans.",
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      "text": "vroom will transition uacc to an originate-to-securitize/sell model",
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      "text": "0-12 months vs 12+ months",
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      "kind": "disclaimer",
      "text": "Note: A portion of UACC's existing loans are expected to be retained on the balance sheet immediately post-close; additionally, per SEC risk retention requirements, a minimal economic interest of all securitizations is required to be retained on-balance sheet over the duration of the security.",
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      "text": "12+ months: All future loans to be funded via existing warehouse lines and sold to third-party investors via forward flow arrangements and off-balance sheet securitizations.",
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      "text": "0-12 months: Whole loans originated pre-closing to be sold or securitized; existing securitizations remain; post-closing loans funded via warehouse lines and sold.",
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      "text": "asset-light funding strategy",
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