Author Topic: LC whole loans available to anyone  (Read 3286 times)

Fred

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LC whole loans available to anyone
« on: April 20, 2013, 01:40:45 AM »
I have read this in the past, but could not find the correct reference until now:

While we anticipate most investors will continue to prefer investing in fractional loans, we will make whole loans available to anyone requesting it by sending an email to investing@lendingclub.com (please put Whole Loan Access Request in the subject line).

http://blog.lendingclub.com/author/sgoldman/


I have not tried this, but I hope this is still true.

Peter

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Re: LC whole loans available to anyone
« Reply #1 on: April 20, 2013, 01:56:15 AM »
Fred, My understanding is that this is still true.
Publisher of the Lend Academy blog

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toiletpaper55

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Re: LC whole loans available to anyone
« Reply #2 on: November 06, 2014, 08:57:10 AM »
Are these whole loans to retail investors BRV?

brycemason

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LC whole loans available to anyone
« Reply #3 on: November 06, 2014, 10:01:16 AM »
There is nothing special about owning a whole loan, except that it is a prerequisite for any negotiations with LC to have the loan transferred onto your own books. Some funds do this, I believe.

gottodo1

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Re: LC whole loans available to anyone
« Reply #4 on: November 14, 2014, 11:53:37 AM »
I know an investor who was grandfathered in in an offlimits state. That guy was denied whole loan/api access. There's always restrictions.