New Network Launches to Connect Secondary Market Traders

New Network Launches to Connect Secondary Market Traders

BY: TORY BARRINGER 

Secondary market professionals have a new way to connect with potential buyers and sellers: LendTrade, a recently launched community for trading professionals designed to cut out the middleman and save costs.

Upon joining LendTrade, new members set up a profile and indicate the types of deals they’re seeking. Once the process is complete, they are able to immediately start connecting with other members, receiving notifications whenever opportunities that meet their criteria are posted.

Steve Schipper, founder and CEO of the Des Moines, Iowa-based firm, describes the network as “Match.com meets LinkedIn for traders.”

“Some secondary market loan professionals need assistance negotiating and closing deals, and for that, advisors are valuable resources. However, many professionals know how to do their own deals, they just need the right buyer or seller,” he said. “That’s where LendTrade comes in.”

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