P2P Forum

Lending Club Discussion => Investors - LC => Topic started by: ThinleyWangchuk on December 03, 2012, 12:00:00 AM

Title: High quality notes for sale - Average rate 22%
Post by: ThinleyWangchuk on December 03, 2012, 12:00:00 AM
Hey guys I need to liquidate this lendingclub account.  I am selling 7 notes.  All of them are current and most of them have credit scores that have improved since I purchased them.   I have over 3 years of P2P investing experience and these notes have a very high return for the amount of risk taken (partly shown by the increase in credit score over time)...  All the notes are priced approx $1.5 above principal + accrued interest. Take a look:

https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1341586&order_id=2849936&note_id=11225260
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1339685&order_id=2849936&note_id=11225259
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1337177&order_id=2849936&note_id=11225261
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1271550&order_id=2676675&note_id=10453923
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1270805&order_id=2676807&note_id=10455460
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1263993&order_id=2676645&note_id=10453519
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=1568882&order_id=3408190&note_id=14132332
Title: High quality notes for sale - Average rate 22%
Post by: yojoakak on December 31, 1969, 07:00:00 PM
$1.5 above principal + accrued interest?

WOW!!! WHAT A BARGAIN!!!!!
Title: High quality notes for sale - Average rate 22%
Post by: flyp52 on December 31, 1969, 07:00:00 PM
wangchuk - Can you share your experience with selling notes at a 6% markup?  At what markup do most of your notes sell?

I took a quick look at all the Loan 1341586 notes for sale.  Curiously three of the notes showed a payment 11 days ago, the other two showed a payment 41 days ago.  One would think that folio would update the state for all the notes of a given loan at the same time?

BTW right now you can buy note 11467288 in the same loan at only 1.6% markup :-)

Title: High quality notes for sale - Average rate 22%
Post by: william on December 31, 1969, 07:00:00 PM
If you sell any of these I will shoot my self in the leg  :o cause I mark mine up 2% and they are hard enough to sell  :'(
Title: High quality notes for sale - Average rate 22%
Post by: TravelingPennies on December 31, 1969, 07:00:00 PM
I was able to sell notes on the prosper trading system for an approx 3% premium (bid mode).
William - As for the notes listed above, I was not able to sell them at the premium I wanted, so I am now selling them at face...  Sucks big balls.

from: flyp52 on December 03, 2012, 08:17:34 PM
Title: High quality notes for sale - Average rate 22%
Post by: TravelingPennies on December 31, 1969, 07:00:00 PM
Just sold three notes...
I tried browsing for my notes on the "browse notes" tab but couldn't find them.  Does anyone know of an easier way to find specific notes and buy them? (There is no buy button on the page of the links I posted)
Title: High quality notes for sale - Average rate 22%
Post by: TravelingPennies on December 31, 1969, 07:00:00 PM
Not that I know of, what I usually do to find my notes is use the filters at the top, then sort by Markup/Discount.
Title: High quality notes for sale - Average rate 22%
Post by: supergeek62 on December 31, 1969, 07:00:00 PM
Not that I've found either.  I try to narrow the search using the buttons at the top, then sort by Loan Number - this also lets you see if anyone else is selling a note from the same loan.  (I like to see how other folks are pricing their notes from the same loan)