Summary

  • My 7th investment into commercial litigation crowdfunding has reached finality.
  • It has been 73 days from the time of capital commitment to the distribution, or 60 days from disbursement of funds to the plaintiff.
  • The investment has generated 1.79x MOIC and 1740% XIRR.

Funding

In July 2017, LexShares opened a new investment opportunity.


Projected net return was:

  • 79.47% in the first 6 months (0-6)
  • Additional 20% next 6 months (6-12)
  • Additional 48% every 6 months thereafter up to 48 months (12-48)

I committed to the case and I wired $75,000 on 7/12/17. LexShares disbursed funds to the plaintiff on 7/21/17.

Distribution

The case was resolved earlier through an out-of-court settlement among the parties in August 2017.


LexShares mailed the payment on 9/19/17. I received a check on 9/23/17. Since I have held for less than a year, it will be taxed as a short-term capital gain.


Net profit was $59,295 over 73 days, for the internal rate of return of 1740.72%.