Short Term Small Business Financing I Paid Off
- My 3rd YieldStreet investment has paid in full.
- It’s 1288 days from the time of capital commitment to the repayment of principal and accrued interest.
- The investment has generated 12.74% IRR.
On April 12, 2018, YieldStreet announced that Short Term Small Business Financing I would launch Monday, April 16th at 6PM EDT. The investment has an estimated 13% target interest for 16 months with a minimum investment of $25,000. YieldStreet completed a $3M raise within a few minutes. I was able to commit $70,000 to this offering. Money was debited from my bank account on 4/17/18, and my investment became active on 4/19/18.
On April 30, 2021, YieldStreet reported that they have reached agreements with a borrower to improve the performance of this investment. YieldStreet resumed fairly sizable distributions following the announcement. On October 13, 2021, I received final payment of $2,884.96. This investment earned $17,245 in interest over 1288 days, for the internal rate of return of 12.74%.