Author Topic: 100% funded by one investor immediatley  (Read 5637 times)

wademikey

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100% funded by one investor immediatley
« on: June 03, 2014, 08:03:04 PM »
I am currently a investor and decided to apply for a loan to pay off a credit card that had a high apr.  The loan funded immediately by one investor.  I thought that they are currently limiting institutional investors to like 10% of loans? 

wademikey

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Re: 100% funded by one investor immediatley
« Reply #1 on: June 03, 2014, 08:04:44 PM »
here is the verbiage on the website:

Thanks to the following 1 investors, your loan was successfully funded:

Loan : Credit card refinancing

VMF212 from New York, NY

brycemason

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Re: 100% funded by one investor immediatley
« Reply #2 on: June 06, 2014, 03:11:55 PM »
A certain percentage of applications gets allocated to what's called the "Whole Loan Platform," where institutions like investment funds, pension funds, and banks can fund it in its entirety.

My question to you: do you feel any differently about repayment knowing it's an institutional investor?


wademikey

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Re: 100% funded by one investor immediatley
« Reply #3 on: June 06, 2014, 04:54:18 PM »
Do you mean like "stick it to the man"? No, I was just surprised to see it fund literally with in minutes of filling out the application.