Author Topic: PeerStreet Thoughts? Opinions? Alternatives?  (Read 14222 times)

ChpBstrd

  • Handlebar Stache
  • *****
  • Posts: 1733
Re: PeerStreet Thoughts? Opinions? Alternatives?
« Reply #50 on: September 17, 2018, 01:46:06 PM »
Questions:

1) Why is a borrower using an online platform instead of the local bank? Why won't the bank lend them money?

2) You did read the entire "Lending Club: Time to panic" thread, right?  https://forum.mrmoneymustache.com/investor-alley/lending-club-time-to-panic/
« Last Edit: September 17, 2018, 01:48:07 PM by ChpBstrd »

chasesfish

  • Magnum Stache
  • ******
  • Posts: 3372
  • Age: 37
  • Location: South Carolina
Re: PeerStreet Thoughts? Opinions? Alternatives?
« Reply #51 on: September 17, 2018, 06:44:22 PM »
Answer to #1:  Almost always equity related, they put less into the deal and are willing to pay a higher rate.  Second answer:  The local lending market doesn't trust the investor's reputation, so he/she turns to strangers.

Our favorite thread