Summary
- My 16th investment into commercial litigation crowdfunding has reached finality.
- It has been 188 days from the time of an ACH transfer to the first distribution.
- The investment has generated a 1.69x MOIC and a 64.82% IRR.
Key Events
| Date | Cashflows | Description |
|---|---|---|
| Feb 19, 2020 | New Investment Opportunity – $1.13M | |
| Feb 19, 2020 | Capital Commitment – $30K | |
| Feb 21, 2020 | ($30,000) | Deposit via ACH |
| Feb 25, 2020 | Capital Disbursement | |
| Aug 24, 2020 | Settlement | |
| Aug 26, 2020 | $15,657 | Settlement Installment Payment #1 |
| Sep 21, 2020 | $1,026 | Settlement Installment Payment #2 |
| Oct 29, 2020 | $1,026 | Settlement Installment Payment #3 |
| Nov 24, 2020 | $1,026 | Settlement Installment Payment #4 |
| Dec 22, 2020 | $1,026 | Settlement Installment Payment #5 |
| Jan 8, 2021 | $10,252 | Settlement Installment Payment #6 – principal paid off |
| Feb 4, 2021 | $862 | Settlement Installment Payment #7 |
| Mar 2, 2021 | $862 | Settlement Installment Payment #8 |
| Apr 5, 2021 | $862 | Settlement Installment Payment #9 |
| May 5, 2021 | $862 | Settlement Installment Payment #10 |
| Jun 1, 2021 | $862 | Settlement Installment Payment #11 |
| Jun 28, 2021 | $862 | Settlement Installment Payment #12 |
| Aug 4, 2021 | $862 | Settlement Installment Payment #13 |
| Aug 25, 2021 | $862 | Settlement Installment Payment #14 |
| Sep 30, 2021 | $862 | Settlement Installment Payment #15 |
| Oct 20, 2021 | $862 | Settlement Installment Payment #16 |
| Nov 20, 2021 | $862 | Settlement Installment Payment #17 |
| Dec 20, 2021 | $862 | Settlement Installment Payment #18 |
| Jan 20, 2022 | $862 | Settlement Installment Payment #19 |
| Feb 20, 2022 | $862 | Settlement Installment Payment #20 |
| Mar 20, 2022 | $862 | Settlement Installment Payment #21 |
| Apr 20, 2022 | $862 | Settlement Installment Payment #22 |
| May 20, 2022 | $862 | Settlement Installment Payment #23 |
| Jun 20, 2022 | $862 | Settlement Installment Payment #24 |
| Jul 20, 2022 | $862 | Settlement Installment Payment #25 |
| Aug 20, 2022 | $862 | Settlement Installment Payment #26 |
| Sep 20, 2022 | $862 | Settlement Installment Payment #27 |
| Oct 20, 2022 | $862 | Settlement Installment Payment #28 |
| Nov 20, 2022 | $862 | Settlement Installment Payment #29 |
| Dec 20, 2022 | $862 | Settlement Installment Payment #30 |
| Jan 20, 2023 | $12 | Settlement Installment Payment #31 |
Funding
In February 2020, LexShares posted a breach of contract case.
Progress
This case progressed very quickly. Defendant requested mediation right after funds had disbursed to the plaintiff. The parties reached an agreement at mediation in May 2020.
Resolution
The parties agree to an installment payment plan. LexShares distributed a total of $50,703 return via ACH for my investment. Net profit was $20,703 over 1,061 days, for a gross multiple of invested capital (MOIC) of 1.69x and an internal rate of return (IRR) of 64.82%.
