Posted by Lending Club :: May 27, 2010 @ 6:14 pmOn May 11th, Lending Club unveiled its new product offering, 5-year Notes, to our fast-growing financial network, rapidly capturing the attention and interest of investors. Within a few days, the loan inventory doubled and our investors instantly had more Notes to choose from to invest. These Notes represent 60-month loans made to creditworthy borrowers under the same stringent credit policy that has made our site an attractive investment. In today's webcast, I shared more about 5-year Notes and the benefits they provide to investors:
- More investment options,
- Greater control, and
- The opportunity to earn more interest while diversifying across terms.
Sam Kasle, our Sr Director of Investor Marketing, and I also provided a quick overview of Lending Club and how peer investing works, an update on Lending Club's growth and performance, and a walk-through of investor tools. You can go through our slides at your own pace:
Visit our events page to sign up for any of our upcoming WebCasts.
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4 Comments
Interesting stuff, all current investors should take a look. Do you
have statistics on projected default rates for these new notes?
Thanks
Hmmm... Lots to consider. I'm going to think about these notes. It
will definitely expand options to invest in peer lending.
I thought this WebCast was extremely helpful to understand the
benefits of investing in 5 year loans. Thanks for publishing the
slides.
I didn't quite understand 5 year loans. But when I checked it out a
fourth time, it became clear that the benefits are potentially
higher rates. Something to think about.
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