Is it an awkwardness born from trying to hide that it became a mess by mistake?

The favorite social lending provider Trust Lending, I saw that the募集額 (fundraising target) of 100% was not reached since I started checking.

Previously, I wrote that it was only about half filled

The project started on 8/18, four in one go, but two reached the full amount,

the remaining two ended募集 at 50% and 9%.

As I wrote last time, why is it that in debt-backed projects it is so unpopular?
Unlike real estate, the value of debt can fall when the borrower is in trouble, but I think lenders like Trust, who do proper assessments, take that into account when lending.

Everyone, do you think the risk of a 9% debt-backed project is higher or that a 11% real estate-backed project is lower risk? It makes sense to choose “11% real estate-backed” considering yield, but I feel a mismatch as if old real estate myths still linger in a transformed form.

Please tell me why this is happening.

[Not a target person but premium project coming] → but it doesn’t sit right…

From Trust, on 8/30 at 14:20, I received an email about Real Estate Secured Loan Fund No. 73.
This is an attractive real estate secured project: [Operating yield] 11.00%, [Term] 6 months.

And about an hour later at 15:25, an email to the privileged applicants arrived.

※ This email is sent only to customers who applied for Nos. 69, 70, 71, and 72.


Thank you for using Trust Lending.
――――――――――――――――――――――――
1. New project information
――――――――――――――――――――――――
We have prepared a new fund, so we’d like to inform you.

Exclusively for customers who applied for Nos. 69, 70, 71, and 72, we are guiding the following fund.


※ Planned site posting start date and time: 9/1 (Fri) around 18:50

For eligible customers, we have a 10-minute latency before bidding.

――― 9/1 (Fri) 19:00募集 start planned――――


Nos. 69, 70, 71, 72 are four debt-backed projects that did not attract much募集.
This is a notice that those who applied for this will be able to apply for No. 73, a real estate-backed project with [Operating yield] 11.00%, at 18:50 with a 10-minute delay, instead of the 19:00募集.



First question: “I did not apply to those four debt-backed projects, so can I really apply 10 minutes early?”

Next: Does “general public 18:50 announcement → 19:00 application start, privileged applicants can apply from 18:50 announcement time” mean that “will all slots be filled only by privileged applicants?” Also, if real estate at 11% would attract even those who don’t favor debt-backed projects, then why would it sell out before the official start time? Curious about that.


[Actually trying to invest at 18:50]

In reality, since I am not privileged, I was worried whether I could apply from 18:50, but I tried at 18:50 on my PC.

When proceeding to apply, the network became extremely slow — this suggests that even non-privileged people could apply from 18:50!
Somehow completed the application in about 2 minutes, and the project sold out in about 3 minutes — there was no full start at 19:00, is that okay?
　

…then, for some reason,募集 for No. 74 with the same条件 as No. 73 was suddenly started at 23:00 on the same day

I subscribed to the newsletter, but No. 73 received two emails: a standard募集案内 and a privilege案内, while No. 74 did not receive even a newsletter, and by the time I noticed,募集 was already finished (I didn't know such a case would appear, so obviously I noticed later).

Perhaps they mistakenly sent the privilege email to all customers, causing true privileged applicants to be unable to apply, and then sent a separate 23:00 start to real privileged applicants? It’s a bit unclear how this unfolded.

Additionally, the next attractive Trust Lending Select Fund No. 75 also didn’t even contact despite newsletter subscription, and by the time I noticed, it was sold out…　

Would clients who did not invest in the unpopular debt-backed projects but managed to apply for No. 73 with real estate backing at 11.00% have not been informed about subsequent favorable projects?

I invested as much as 900,000 yen in No. 73, so I didn’t have money to apply for Select Fund No. 75 anyway, but I still feel unsettled.

This point site helped me issue three credit cards in about half a year
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(This part should be rewritten for publication to the purchaser)