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Post by buttchopf23 on Nov 27, 2016 14:18:47 GMT
Hello fellow investors I have found and began testing a new platform: Lendix from France, I think it is worth a look. I have started to cover lendix in my blog (which contains some affiliate links) www.p2phero.com/category/lendix/I would be happy if someone could share his thoughts on this platform. Regards |
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Post by buttchopf23 on Dec 6, 2016 8:56:59 GMT
so, after a Little more then one week as Investor I have invested in 5 Projects, at an average yield of 8%. Other Facts I found out and think they are very nice:
- Net Yield Calculation: Lendix deducts overdue payments from the yield prognosis: up to 30 days late = 40% haircut - Default rate at 0.18% to date. As it seems there were 2 Defaults, one totally recovered.
In January I will get my first repayments, so then I can tell more about delays etc.
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Post by buttchopf23 on Jan 18, 2017 21:33:29 GMT
In January 6 payments were awaited and 6 were paid, great so far. I am progressing with my investments, but my portfolio is fully invested to date. I wrote my further experiences down in a new article: www.p2phero.com/2017/01/18/lendix-meine-ersten-rueckzahlungen-sind-eingetroffen-und-weitere-informationen/ (note: article is in german but with google translate activated / further: there are some referral links on my blog) Would be nice if anybody else could share his (and of course her  ) view. I will try to answer questions if am able to. If not, they got a world class support team. |
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shimself
Member of DD Central
Posts: 2,560 
Likes: 1,169
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Post by shimself on Jan 24, 2017 22:47:02 GMT
Readers might like to know that quite a lot of the site is in English (and the support people have decent English). There's a little flag near the top right.
I've managed just one investment on Lendix, not exactly an SME to my mind 50+M turnover. Interest rates are 5-10% range, I've never seen security offered. There are some funds which invest in multiple loans but I wouldn't bother there aren't sufficient to make it worthwhile. There is no published q&a (but emails to lendix do elicit reasonable replies). Luckily CROWNLENDING.FR has an excellent pan platform discussion forum.
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Post by buttchopf23 on Jan 25, 2017 6:55:52 GMT
Thanks for your reply. I have managed to get 17 loans so far. Arithm. yield 7.12%.
faq is here (it is ok, but not complete): en.lendix.com/learn-more/faq/
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Post by buttchopf23 on Feb 10, 2017 7:05:57 GMT
First two spanish loans were funded this week. Italians to come over the next months.
I decided to stay away from spanish and italian loans in the beginning.
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Post by buttchopf23 on Mar 8, 2017 12:51:24 GMT
The pace of new projects this year is very slow (ok, better to have few good projects then ...). I had expected to have invested in 25 projects in February the latest. Now standing at 22.
The interest rates seem to be lower as well. I didn't see a 9er in the last weeks (except spanish loans).
Something really nice: all repayments are on track, I have 0 lates. Hopefully this stays that way. Looking at their stats, the probability is high it will remain this way.
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Post by buttchopf23 on Mar 8, 2017 15:02:50 GMT
they might have read my earlier post.. there is now one project available  |
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Post by buttchopf23 on Aug 17, 2017 16:35:31 GMT
As of today I can say that 33 of 33 projects are current. Deal flow seems good, but delays have risen according to the total portfolio. Need to have an eye on that.
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Post by thep2pinvestor on Nov 18, 2017 14:48:37 GMT
After 9 months at Lendix I have now accumulated 100 loans. All paying. But it is really a lengthy process to build a diversified portfolio with 3-4 loans per week. If a loan comes to the platform, very often, you have to react within 10 minutes to subscribe. But it's a nice platform; I like it.
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) view.
