Welcome to Investing on LendStreet, we are excited to open up our platform to investors looking for a high-yield asset with a positive social impact.
How it works
LendStreet’s borrowers have distressed debt. In selecting which borrowers we’re able to help, we look for a proven track record of payment, and consider several other criteria that indicate they will successfully repay the loan. Investors buy a share of each loan on the site. Loans are marked according to the risk rating and the expected return. When a borrower makes a payment on the loan, the money is distributed between all the investors.
There is no fee for investing, and the repayments are distributed in full (except for fees such as late payment fees).
Once you register your interest on the site, we’ll send you an invitation as soon as possible. We then need to verify your accredited status and fund your account before you can invest. Investing is simple - you select loans and say how much you’d like to invest. Once the loan is filled, we activate it, and the money will be deducted from your account balance. Then each time the borrower makes a payment your account will be credited.