Most people think of lending as a "primary" activity—you give money, they pay you back. But the real meat is often in the . Buying loans at a discount allows for two types of gains:
It’s one of the few ways to find "mispriced" assets in a crowded market. Just make sure you’re comfortable with the credit risk! buying loans at a discount
Sophisticated investors looking for specific tactics. The Power of Secondary Market Discounts 🏛️ Most people think of lending as a "primary"