Invested: $300,000 thousand
The club members loaned money to a subprime lender who relends money at a higher interest rate. The company did an IPO in 2014 and as of October 2016 the borrower has now processed over one million loans to subprime borrowers.
Las Vegas Investment Club Members who invested receive a fixed distribution of 12% APR paid monthly.
The Las Vegas Investment Club involvement in this project was shared with other institutional lenders.
THIS DEAL IS ONGOING.