Author Topic: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska  (Read 4299 times)

lascott

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Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« on: September 18, 2015, 01:25:56 PM »
http://ir.lendingclub.com/file.aspx?IID=4213397&FID=31153343

Company Release - 09/18/2015 09:00
SAN FRANCISCO, Sept. 18, 2015 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that its marketplace is now available to investors in
Indiana, Kansas, and Nebraska, bringing the total number of investor states available to retail investors to 36.

Lending Club, the world’s largest online marketplace connecting borrowers and investors.
"In a time of market volatility, and with uncertainty about future interest rate fluctuations making other fixed income investments less predictable, Lending Club's retail investors have continued to enjoy returns averaging 5 to 8% annually since inception in 2007," said Lending Club founder and CEO Renaud Laplanche. "We are excited to offer this investment opportunity to investors in more states."

Lending Club is a two-sided marketplace that brings together borrowers looking for lower rates and a great experience, and investors looking for attractive returns. Individual retail investors use the platform to access consumer credit as an asset class not previously available to them. Investors on the Lending Club platform can invest in loans in increments as low as $25, diversifying across hundreds or thousands of borrowers, to quickly and easily build a portfolio that fits their investment objectives. Each fraction of a loan is invested in through a Note. Lending Club Notes have Historical Returns by Grade A-C of 5.19% to 8.88%.* Among investors who own 100 or more Notes of similar size representing loans to different borrowers, 99.9 percent have seen positive returns.

Indiana, Kansas, and Nebraska residents can now create an account at www.lendingclub.com, and choose either a traditional investment account or retirement account. Investors receive monthly payments of principal and interest as borrowers repay their loans, and can withdraw available cash at any time via a linked bank account.
« Last Edit: November 04, 2015, 09:14:45 AM by lascott »
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hoggy1

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #1 on: November 04, 2015, 07:58:29 AM »
Well its been nearly a year and there are still states that restrict access to LC. I think that confirms there was nothing in law that guaranteed the public offering would allow that. Frankly, I am not in a hurry. I think a large part of the liquidity provided on Folio is provided by those excluded.
Steve

lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #2 on: November 04, 2015, 09:11:14 AM »
Well its been nearly a year and there are still states that restrict access to LC. I think that confirms there was nothing in law that guaranteed the public offering would allow that. Frankly, I am not in a hurry. I think a large part of the liquidity provided on Folio is provided by those excluded.
So you don't think the IPO made this easier?

Seems like they've come in 3s.    Above 3 in Sept and below 3 in Oct. And addl below 3 in Jul.

Quote
SAN FRANCISCO, Oct. 14, 2015 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that its marketplace is now available to investors in
Missouri, South Carolina, and Tennessee, bringing the total number of states available to retail investors to 39.

"We are excited to continue to expand access to consumer credit as an asset class for retail investors," said Lending Club founder and CEO Renaud Laplanche. "There are now well over 100,000 active investors in 39 states enjoying the benefits of high yield and broad diversification that were previously only available to banks and large institutional investors."


Quote
Jul 14, 2015 -- "We are thrilled to bring the opportunity to invest in consumer credit as an asset class to investors in
Arkansas, Iowa, and Oklahoma," said Lending Club founder and CEO Renaud Laplanche. "Lending Club is now available to investors in 33 states. We're proud of the constructive relationships we're building with state regulators, and excited that we're increasingly able to offer rewarding investment products to investors in more states."
« Last Edit: November 04, 2015, 09:15:02 AM by lascott »
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hoggy1

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #3 on: November 04, 2015, 09:30:02 AM »
Well its been nearly a year and there are still states that restrict access to LC. I think that confirms there was nothing in law that guaranteed the public offering would allow that. Frankly, I am not in a hurry. I think a large part of the liquidity provided on Folio is provided by those excluded.
So you don't think the IPO made this easier?


I don't know. Perhaps some of the states were convinced by LCs filings associated with going public. But there was lots of talk and near guarantee's by LC confirmed by Peter that somehow the public offering itself was going to permit LC to operate in every state. I was quite certain then and remain convinced (happy to be proven wrong) that the states would continue to interpret and enforce their individual security laws as they saw fit, public or private company. Clearly any state was free to allow LC to operate before going public (as the majority had already done).
Steve

lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #4 on: November 30, 2015, 12:25:22 PM »
Seems like they've come in 3s [states].    Above 3 in Sept and below 3 in Oct. And addl below 3 in Jul.

Alabama, Kentucky, Michigan, and the District of Columbia
http://www.prnewswire.com/news-releases/lending-club-opens-to-retail-investors-in-alabama-kentucky-michigan-and-the-district-of-columbia-300183031.html

Quote
SAN FRANCISCO, Nov. 23, 2015 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that its marketplace is now available to retail investors in Alabama, Kentucky, Michigan, and Washington, D.C., bringing the total number of states open to retail investors to 41 plus the District of Columbia. Lending Club's platform was previously available to accredited investors only in Kentucky.
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lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #5 on: January 08, 2016, 12:53:41 PM »
Lending Club Opens to Retail Investors in New Jersey and Oregon
Company Release - 01/08/2016 09:00

http://ir.lendingclub.com/file.aspx?IID=4213397&FID=32482451

Quote
SAN FRANCISCO, Jan. 8, 2016 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that retail investors in Oregon and New Jersey can now invest through its marketplace. This brings the total number of states open to retail investors to 43 plus the District of Columbia.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #6 on: February 23, 2016, 05:06:08 PM »
Lending Club Welcomes Maryland and North Dakota Investors!

Quote
We’re now open to retail investors in Maryland and North Dakota, bringing our grand total to 45 states and the District of Columbia!

Via: http://blog.lendingclub.com/lc-welcomes-maryland-and-north-dakota-investors/
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SeanMCA

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #7 on: February 23, 2016, 05:37:42 PM »
It is already hard enough to get enough notes that meet my parameters. More retail investors doesn't help me.
I'm a merchant cash advance veteran exploring the p2p lending waters.

lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #8 on: February 24, 2016, 12:53:52 AM »
It is already hard enough to get enough notes that meet my parameters. More retail investors doesn't help me.
My thinking is more retail investors in more states then the more notes that LendingClub will release. I'm happy to get a variety to select from.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

PhilGD

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #9 on: February 24, 2016, 10:18:52 AM »
It is already hard enough to get enough notes that meet my parameters. More retail investors doesn't help me.

Maybe we can hope for some more liquidity on Folio, though. Silver lining?

lascott

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Re: Lending Club Opens to Investors in Indiana, Kansas, and Nebraska
« Reply #10 on: February 24, 2016, 11:01:36 AM »
It is already hard enough to get enough notes that meet my parameters. More retail investors doesn't help me.
Maybe we can hope for some more liquidity on Folio, though. Silver lining?
In one sense, with these various new states being able to buy on the primary market they *now* do not need to buy on the secondary market (folio).
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y