Monday, September 30, 2013
Peer Lending Advisors had another great month in August. Below you’ll see our net returns, which reflect interest net of losses. The returns reflect the entirety of loans we have acquired, and as we have ramped up in 2013, the portfolio has become more heavily weighted toward newer loans, which have a different charge-off curve than seasoned loans. Please note that past performance is not a guarantee of future results.
August return: 12.16%
August was another great month. We earned an annualized return of 12.16%. This brought the average return for 2013 up to 11.00%. Returns have been trending up for the past three months. We expect the remainder of the year to see returns similar to those experienced the past few months.
- One risk we see on the horizon is the impact of the slowing housing market. While Peer Lending Advisors has stayed away from borrowers in the construction industry, the impact of the slowdown of housing (and housing remodeling) will certainly drive some loans bad. We expect the short-term impact on our portfolio to be minimal, and we remain cautious long-term.
Interested in how Peer Lending Advisors can help your portfolio? Drop us a line:
[contact-form]