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The Money Mustache Community
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Investor Alley
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PeerStreet Thoughts? Opinions? Alternatives?
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Topic: PeerStreet Thoughts? Opinions? Alternatives? (Read 17332 times)
ChpBstrd
Walrus Stache
Posts: 6745
Location: A poor and backward Southern state known as minimum wage country
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/
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Last Edit: September 17, 2018, 01:48:07 PM by ChpBstrd
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chasesfish
Magnum Stache
Posts: 4385
Age: 42
Location: Florida
Re: PeerStreet Thoughts? Opinions? Alternatives?
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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.
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The Money Mustache Community
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PeerStreet Thoughts? Opinions? Alternatives?