As of late, Marketplace Lending platforms have been struggling to find permanent capital. In what must be considered welcome news for the industry, the first closed-end fund has finally been approved by the SEC.
One question we are often asked is how to reconcile our Expected Return with Lending Club’s (adjusted) Net Annualized Return, or (a)NAR. In this article, we’ll explain how they’re calculated and what is important about each return metric.
It was called Peer-to-Peer Lending. The idea was to circumvent banks, the inefficient too-big-to-fail organizations that grew fat after centuries of undeserved profits, and create a market without any intermediates, where borrowers would be matched directly with lenders.
We shared on MarketWatch what we expected to hear four days before Lending Club’s annual shareholder meetings.
Lending Club’s secondary market takes a while for notes to be purchased, settled into your account and sold from your account.