PPR no longer selling notes?

[Matt Devincenzo]

I've purchased (I think) 6 separate notes from PPR over the last 3 years or so for my IRA to hold. It looks like with the new year they've completely transitioned away from individual note sales as they pursue other investments. I know they had announcements about new investment objectives and partners etc, but I hadn't realized they'd be completely shifting away from the discount 2nd space this quickly.

I wish Dave all the best...his platform was great, and his integrity was a big reason I was a repeat buyer. I'm a one off buyer and don't know all the DD ins and outs of note investing, so buying from his company gave some reassurance that someone with integrity had already looked it over so it was less likely I'd miss something that could be a problem later. Each transaction was an education in the things I should be looking for,

[Chris Seveney]

@Matt Devincenzo - We did a podcast episode with Dave and not to put words in his mouth but based on the size of money they are raising, they need more investment options as they are $100M+ now and basically the 2nds market for someone his size cannot keep consistent stream of assets. 

My 2 cents - When you think about it 2nd's were huge from 2000-2008 time frame so once the market crashed there was plenty of opportunity. Now with home prices rising, the seconds that are available are HELOC's and with equity are selling for steep pricing due to the properties having equity. For those investing in 1sts like myself its difficult to continue to feed the machine and I do $5M a year and there are more 1sts opportunities than seconds. I think we will continue to see the 2nds market more difficult in the future as well.