Author Topic: Participation Cap in Fractional Market  (Read 1061 times)

MarinBB

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Participation Cap in Fractional Market
« on: December 09, 2019, 08:09:14 PM »
Did LC do away with the participation cap in the fractional market? I thought that one couldn't buy more than ~10% of a listing, but this one was filled in its entirety by one person when it became available: https://www.lendingclub.com/browse/loanDetail.action?loan_id=163026028.

MarinBB

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Re: Participation Cap in Fractional Market
« Reply #1 on: December 13, 2019, 11:02:17 AM »
I spoke with LC and, sure enough, there is no cap on participation in the fractional market so, yes, it's possible for a single investor to take down a whole listing.

Fred93

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Re: Participation Cap in Fractional Market
« Reply #2 on: December 13, 2019, 04:34:29 PM »
Really?  Gee.  I guess maybe I should adjust my self-imposed limit!