P2P Lending / NFT Lending Forum

Lending Club Discussion => Investors - LC => Topic started by: MarinBB on December 08, 2019, 11:00:00 PM

Title: Participation Cap in Fractional Market
Post by: MarinBB on December 08, 2019, 11:00:00 PM
Did LC do away with the participation cap in the fractional market? I thought that one couldn't buy more than ~10% of a listing, but this one was filled in its entirety by one person when it became available: https://www.lendingclub.com/browse/loanDetail.action?loan_id=163026028.
Title: Participation Cap in Fractional Market
Post by: TravelingPennies on December 12, 2019, 11:00:00 PM
I spoke with LC and, sure enough, there is no cap on participation in the fractional market so, yes, it's possible for a single investor to take down a whole listing.
Title: Participation Cap in Fractional Market
Post by: Fred93 on December 12, 2019, 11:00:00 PM
Really?  Gee.  I guess maybe I should adjust my self-imposed limit!