[mmsmatt]

I don't think you need to do any of this shady stuff to be a small loan marketplace for unaccredited participants. But the shady stuff kills your chances to feed the CLO pipeline and selling (large batches of) small loans to accredited buyers.

So just... why take _these_ risks? It doesn't have a realistic chance of helping any viable strategy that I can think of.

[pm90]

You answered your question. It is a risk... a risk that not many are prepared to take. LC seems like it serves those who are willing to take that risk in hopes of getting better returns.