1754 Factory, the originator of a consumer credit and microloan debt pool with the most distressed assets on centrifuge, said it is liquidating the assets off-chain and negotiating with borrowers for repayments. sndr_krisztian reports
1754 told CoinDesk that it “is currently liquidating its assets off-chain and engaged in negotiations with borrowers for repayments.” The lending pool is set to unwind, and investors may redeem “in the near future,” the firm added., which payments firm Alternative Payments uses to finance invoices and accounts receivable for businesses, has some $650,000 of loans with missed payment out of the $6.4 million outstanding. Alternative has not returned CoinDesk’s request for comment by press time.
Centrifuge’s loan dashboard also shows there are four loans worth $3.3 million late with payment in its, which provides capital to finance commercial real estate mortgages. However, REIF Financial Investments, which is an investment company that focuses on commercial real estate acquisitions, said in an email that all loans had an option to extend with an additional 12 months, thus avoiding default. The firm added that it contacted Centrifuge to update the dashboard.
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