P2P Lending / NFT Lending Forum

Thanks for the detailed summary! I decided to try groundfloor out, invest in some loans that mature in the next few months..

I also invested on LendingHome (now Kiava). I used their auto-invest feature, but experienced too many defaults. Foreclosures took a long time, and I often did not get all the principal back.

Sorry I can't offer any experience with Sharestates. But can you offer your experiences with Groundfloor? Have you experienced any defaults or delayed payments?

I've been tracking Sharestates, Peerstreet, and Yieldstreet. Yet to pull the trigger on any of them. Peerstreet seems to have some volume. Yieldstreet has some interesting alternative investments, I'm close to trying them out. I like Fundrise, Realty Mogul, and Crowdstreet, have had good experiences on all those platforms.

I'm happy with Fundrise too. Started transitioning in 2016 to Fundrise, Realty Mogul, Realty Shares (defunct), Crowdstreet, Lending Home.

Sure hope Bryce is doing ok after the Direct Lending Investments debacle.

I'd very much like to see LC implement a program to buy out outstanding notes held by retail investors. Maybe it would allow them to shut down the retail platform earlier, especially if they were willing to pay a small premium for the newer notes?

As an LC investor since 2009, it's been a good run.

It appears LC recently stopped publishing collection logs. I was using that info to help decide what notes to sell. Does anyone have further info on this? Here's what is displayed now:

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I approximate this by maintaining "Late" and "Grace Period" portfolios.  I will periodically filter notes and move all the Lates into the Late portfolio, Grace Period to Grace Period portfolio, etc. to preserve the state at that time.  When I check again in a couple weeks, some of the notes in the Late portfolio will have moved back to Current and I can decide if I want to list them for sale, move them out of the Late portfolio or still keep an eye on them.  One could keep taking this further, maintaining additional "watch list" portfolios that track specific state transitions, etc.

I like it better this way, now it matches the monthly statements.  It never made sense to me to include it in the first place.

I'd rather see LC create a new instrument that is a basket of loans and allow me to buy shares in that.  For example they could offer a basket of $25M Sep 2013 E Grade loans and line up investors to purchase a piece of that.  I'm thinking have an offering window and give each investor, big or small, that signs up an opportunity to purchase an equal share in the basket.  The unpurchased amounts from all the investors that don't purchase their entire allocation is allocated equally among the remaining investors that want more, etc. etc. until all shares are purchased. 

In the limit case if 1M investors sign up, each investor gets to purchase a $25 share.  If 10,000 investors sign up, each can purchase $2,500.  Smaller investors that can't or don't purchase $2,500 take their fill, and the rest of their allocation is offered to investors that want more.  This guarantees that any small investor that wants a share gets one and only the large investors may not get as much as they want.

I can imagine all sorts of variations to meet different investors needs - baskets that have a minimum purchase requirement, different kinds of indices, etc.

As a retail investor that is still picking loans manually, the biggest advantage is not having to compete for individual loans - I would be perfectly happy purchasing an index.

Today at the 2:00pm feeding frenzy I got shut out of every loan I tried to get into, including a $24K loan!  I'd like to see a rule something like not allowing an investor to take more than 30% of the remaining loan amount during the first say 10 minutes a loan is listed.  That would at least give more investors, investing at a range of investment levels, a shot at the popular loans.

Does anyone know if any of the statistics/analysis sites can produce a Recovery Rate by Loan Status chart similar to the one at Lending Club https://www.lendingclub.com/info/statistics-performance.action" class="bbc_link" target="_blank">https://www.lendingclub.com/info/statistics-performance.action, but broken down by Credit Grade also?

Thanks.

ybsad, if you're worried about how the p2p lenders could game you, think about what the big banks already did to you - pay you nothing on your deposits, leverage and lend recklessly, destroy the economy. 

https://forum.lendacademy.com/index.php?topic=589.msg2388#msg88888888Quote"> from: New Jersey Guy on January 04, 2013, 10:14:04 AM