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What is a rollover?
A rollover occurs when an existing note is replaced by a new offering. This may happen when a note reaches maturity, or when the borrower calls the note.
An existing offering may roll over for a few different reasons, which may include the borrower's desire to refinance, upsize, or extend the underlying reinvestment period of the note program.
As an investor, you have the option to:
For information on how to rollover a note, you may reference this article: How to Roll Over an Investment on Percent
Please note that, in the event the rollover note does not reach sufficient demand, the borrower may rescind their call option, cancel the rollover, and continue with the existing note per its original terms.
An existing offering may roll over for a few different reasons, which may include the borrower's desire to refinance, upsize, or extend the underlying reinvestment period of the note program.
As an investor, you have the option to:
- Roll over your investment to continue participating in the note program. or
- Take no action, in which case your principal will be returned when the rollover note settles.
For information on how to rollover a note, you may reference this article: How to Roll Over an Investment on Percent
Please note that, in the event the rollover note does not reach sufficient demand, the borrower may rescind their call option, cancel the rollover, and continue with the existing note per its original terms.