don't the notes beat the return on cash on the balance sheet?
the reason why they have so much cash is that investors at the IPO overpaid.
the reason why they have so much cash is that investors at the IPO overpaid.
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#32
General Lending Club Discussion / LendingClub and Hedge Funds Have Discussed Major Funding Deals [WSJ]
June 08, 2016, 11:00:00 PM
Troubled online lender LendingClub Corp. has met with at least three large hedge funds to discuss deals in which they would commit to buying billions in loans and get the right to own shares, people familiar with the talks said.
http://www.wsj.com/articles/lendingclub-and-hedge-funds-have-discussed-major-funding-deals-1465476543" class="bbc_link" target="_blank">http://www.wsj.com/articles/lendingclub-and-hedge-funds-have-discussed-major-funding-deals-1465476543
http://www.wsj.com/articles/lendingclub-and-hedge-funds-have-discussed-major-funding-deals-1465476543" class="bbc_link" target="_blank">http://www.wsj.com/articles/lendingclub-and-hedge-funds-have-discussed-major-funding-deals-1465476543
#33
General Lending Club Discussion / Website Down
June 07, 2016, 11:00:00 PM
the message says it's down due to a data center outage
#34
Investors - LC / liquidation strategy on folio
May 28, 2016, 11:00:00 PM
https://forum.lendacademy.com/index.php?topic=3877.msg35439#msg88888888Quote"> from: sommers on May 29, 2016, 07:16:55 AM
#35
Investors - LC / Worst Month Yet
December 16, 2015, 11:00:00 PM
hey I was just looking at my charged off amount and compared with the individual loans that were charged off and it looks wrong.
Can other people compare the actual charged off amount for the month with the individual loans that were charged off (remaining principal)?
thanks!
Can other people compare the actual charged off amount for the month with the individual loans that were charged off (remaining principal)?
thanks!
#36
Investors - LC /
November 24, 2015, 11:00:00 PM
updated numbers:
Weighted Average Interest Rate: 16.31%
Weighted Average Age of Portfolio: 4.6 months
Number of Notes: 7337
Issued & Current: 6632
Adjusted Net Annualized Return: 13.05%
36 Month = 91.7%
60 Month = 8.3%
A = 1.1%
B = 4.4%
C = 44.1%
D = 35.5%
E = 10.7%
F = 3.8%
G =0.4%
Weighted Average Interest Rate: 16.31%
Weighted Average Age of Portfolio: 4.6 months
Number of Notes: 7337
Issued & Current: 6632
Adjusted Net Annualized Return: 13.05%
36 Month = 91.7%
60 Month = 8.3%
A = 1.1%
B = 4.4%
C = 44.1%
D = 35.5%
E = 10.7%
F = 3.8%
G =0.4%
#37
Investors - LC / Funds or DIY
August 04, 2015, 11:00:00 PM
I invest in both funds and directly on LC.
1. One strong reason for investing in a fund is to get higher liquidity. I am fully aware that liquidity depends on the pipeline (P&I and new subscriptions) but it can potentially get me out quickly if I need the cash. Don't think I can liquidate a large amount on folioFN without a steep discount.
2. Another reason is that the fund can ramp up much faster than I can on the retail side. It would probably take months to buy in the amount I have invested on the fund side.
3. Funds can offer 2 -3x leverage that it's very difficult to access as a retail investor.
4. A very small issue is that the fund is in a remote bankruptcy vehicle, which helps a bit but as I said I'm also invested directly.
1. One strong reason for investing in a fund is to get higher liquidity. I am fully aware that liquidity depends on the pipeline (P&I and new subscriptions) but it can potentially get me out quickly if I need the cash. Don't think I can liquidate a large amount on folioFN without a steep discount.
2. Another reason is that the fund can ramp up much faster than I can on the retail side. It would probably take months to buy in the amount I have invested on the fund side.
3. Funds can offer 2 -3x leverage that it's very difficult to access as a retail investor.
4. A very small issue is that the fund is in a remote bankruptcy vehicle, which helps a bit but as I said I'm also invested directly.