The LFC Group of Companies, best known for its commercial and residential online real estate auctions, has created a new Web site designed for auctioning notes.
BigBidder.com allows notes to be sold individually or in pools. The company says the open auction platform delivers a transparent transaction process, adding that the development team behind the Web site addressed security and privacy issues.
‘The BigBidder.com business model is unique in the way it delivers price discovery to the individual investor, which is key to getting their participation," says John Kohler, managing director with 12th Street Capital. "And I think institutional sellers will see BigBidder.com as an efficient way to reach that broader retail audience and improve liquidity in their product.’
SOURCE: LFC Group of Companies