ashtondav
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Post by ashtondav on Mar 29, 2016 11:54:39 GMT
I remember some years ago ZOPA claiming several lenders whose loanbooks were over £1M. Is there any bragging sheet that boasts having the biggest lenders?
My risk appetites dictates that I hold about 10% of my investable assets between RS and ZOPA. To lend £1M I'd have to have investable assets of £10M - somewhat north of my investable wealth!
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oldgrumpy
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Post by oldgrumpy on Mar 29, 2016 11:56:44 GMT
I remember some years ago ZOPA claiming several lenders whose loanbooks were over £1M. Is there any bragging sheet that boasts having the biggest lenders?No comments about my girth and mass, thank you! 
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Post by mrclondon on Mar 29, 2016 13:39:10 GMT
I remember some years ago ZOPA claiming several lenders whose loanbooks were over £1M. Is there any bragging sheet that boasts having the biggest lenders? My risk appetites dictates that I hold about 10% of my investable assets between RS and ZOPA. To lend £1M I'd have to have investable assets of £10M - somewhat north of my investable wealth! My guess is those claims predate the massive growth in p2p bridging and development loans across multiple platforms with multi-million pound loans being far from the exception. The p2p retail market struggles to fill loans much above £1m, and "big hitters" (BH) / "high net worth individuals" (HNWI) / company treasury operations are needed to both underwrite the launch of such loans, and retain big chunks until maturity. Such lenders routinely provide several hundred thousand pounds per loan ... and will almost certainly have "investable wealth" of £10m or over.
A look at the figure on AltFi for total loans written to date for those platforms providing bridging & development loans will give you some clues as to which platforms have the biggest lenders.
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ashtondav
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Post by ashtondav on Mar 29, 2016 16:41:34 GMT
Im not talking of loans of £1M.
I'm talking about how many p2p lenders have over £1M invested (via lending) in an individual platform
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Post by mrclondon on Mar 29, 2016 17:23:35 GMT
Im not talking of loans of £1M. I'm talking about how many p2p lenders have over £1M invested (via lending) in an individual platform
I'd guess between 10 and 20 such lenders on each platform that has individual loans greater than £1m to provide an effective underwriting facility of at least £10m for the platform. Given most such lenders will put £500k + into a single loan, many will have £5m+ invested in p2p.
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