Lending Club files an 8K for a $200mn warehouse funding agreement; JPMorgan Chase was the administrative agent and Wilmington Trust was the collateral trustee; the revolving credit facility will be with certain lenders not yet announced; the move is another step in the funding sources diversification direction the company discussed late last year. Source.
Wilmington Trust provides insight on the marketplace lending industry in their featured blog post; the blog post includes an edited version of a panel discussion on the growing opportunity for institutional investment in the industry; discussion includes how the industry is defined, its borrowers and lenders, and its outlook. Sponsored Blog Post