While Banks Pause, Prime Meridian Presses Forward With P2P Lending
As illustrated in today’s article in Bloomberg, while some banks are pressing pause, long term investors like Prime Meridian are pressing forward by increasing investments in P2P/Marketplace loans. The article, like most, contains a few partial truths and false narratives, but overall does a good job discussing some of the challenges P2P/Marketplace lenders have with balancing supply and demand as well as the pressures many banks face today managing headline risk.
Nevertheless, most investors we speak with are optimistic about the long term risk/reward of a broadly diversified portfolio in this asset class. “As far as the quality of loans we hold in our portfolio, I see absolutely no problem with those loans, past, present or future.”
Read full article at Bloomberg.
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