Yieldstreet Marine Loans: Investors Face Potential Losses
News Context
At a glance
Based on the provided text, hear’s a summary of the collateral situation in the Yieldstreet deals discussed:
Shipping Deals: In at least one instance, the collateral on the deals was the ships themselves.Yieldstreet lost track of these ships, leading to significant losses when the borrower allegedly concealed assets to avoid repayment.
Real Estate Deals: The article mentions that Yieldstreet customers’ investments in four real estate deals worth $78 million have been wiped out. While it doesn’t explicitly state what the collateral was, it’s implied that the real estate properties served as collateral for these deals.