Secondary Market

I agree with you Rose about FS property loans and a secondary market. If I was investing in their property loans then I too would want a secondary market. But I'm not so I don't. I prefer my loans to me in something more blingy and shiny.

And like you I won't be investing in the property loans until they build up more of a track record and we see how they deal with defaults and other issues.

However I do think that those people who are wanting a secondary market as a means of diversifying will be in for a bit of a let down. I can see a situation where the only loans available will be the very ones that they are trying to diversify out of, the larger property loans coming to the end of term, and on the off chance that any smaller non-property loans do come available they'll be gobbled up instantaneously by the ravenous pack, simply leading to frustration and disappointment.

So no a secondary market isn't something that interests me at this moment in time but never say never.