Author Topic: Origination Spike for LC  (Read 2591 times)


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Origination Spike for LC
« on: March 20, 2013, 11:15:35 AM »
Can anyone tell me why origination spike at the beginning of the month for LC? Seems that the 5th is a hot spot.


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Re: Origination Spike for LC
« Reply #1 on: March 22, 2013, 07:43:02 PM »
There's a big funding spike on the 1st - 3rd of each month, so my guess is that's the freshly funded loans issuing.


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Re: Origination Spike for LC
« Reply #2 on: March 23, 2013, 09:34:22 AM »
The main reason for the spike is that LC Advisors puts a great of new money to work in the first days of the month. They are owned by Lending Club and are by far the largest investor - I think they are up to around $400 million in total loans invested in now.

Also, other hedge funds like to invest early in the month to reduce the cash drag for their investors.
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