Syndicrowd, in conjunction with Maxim Capital Enterprises, has assembled and made available a portfolio of auto loans to its investor community. The portfolio has 66.7 % loan-to-value ratio, target return of 8%, 24 monthly payments and is secured by 17 loans of vehicles. Duration of each individual loan is 5 years within 2-3 months from each other. Loan payments have already been made for 1 year. Loans are collateralized by pledges of loans that in turn are secured by the underlying asset. Portfolio collateral value is $300,000.
Syndicrowd used independent, third party value appraisers National Automobile Dealers Association (NADA) and Kelley Blue Book (KBB). Conservative estimates of trade-in values were taken. Syndicrowd reviewed terms of each individual loan that is included in the portfolio and resale history of each vehicle. Loans are helpful to borrowers as they provide both an expedited access to capital and a short term borrowing solution. In exchange for the flexibility and other benefits bridge loans provide, lenders receive an attractive interest rate and collateral package as security.