Market Discussions

Rothbard's Loans

Do you need some cash to get you through next payday? Are you asset rich but cash poor? If so Roth Loans can help!

Get immediate funding for loans up to 10b isk.

How It Works:
Roth Loans will lend up to 75% market value (75% LTV) of your high-sec items. Contact Edwin Rothbard with the amount, duration, and collateral for your loan. After accepting terms you can contract your items to Edwin Rothbard for the agreed upon loan amount. Your collateral must be located in a contiguous highsec system from jita.*

I will then immediately contract your items back to you from the same location for the agreed loan duration with a price of the principal + interest. You can redeem your items whenever you are ready to repay the loan! You can rollover your loan as long as you repay the interest on the current loan.

I offer loan maturities from 1 day to 2 weeks. If you need a loan for a longer period of time you can roll over the loan every two weeks as long as you stay current on your interest payments. Here's are the current offered loan rates:

1 day: 1%
3 days: 2%
1 week: 3%
2 weeks: 5%

If you need a loan longer than 2 weeks you will need to make an interest payment once every 2 weeks. I will then re-contract your items to you for the new loan period.

FAQ:
Are you going to steal my stuff?
No. I handle billions in isk transactions daily for customers at www.rothbards.com casino. To date i've transacted more than one-half trillion isk. My business operations are built on very strong trust with my customers.

What are you using as a price guide for valuing collateral?
I use jita market prices. For bpos i use NPC price (note NPC prices are the market sell orders that are 365 days in length).

Will you accept my low sec/null sec/w-space collateral?
No. Retrieving assets on failed loans is logistically challenging in low/null/w-space.*

Will you accept my supercap as collateral?
No. They require babysitters which makes them a logistical nightmare.

How do you value fitted and rigged ships?
I value the value of the ship as the jita price on the hull + the modules. I always value the rigs at zero as the ships are often very difficult to sell rigged. Plus many ships end up with undesirable rigging which would need to be destroyed in the case of a loan default.

How do you value my researched BPOs?
I value them at NPC price regardless of research. Many prints are difficult to sell at npc price even with considerable research on them.

Why are you trying to lowball me so much on my collateral valuations?
I want to make sure you payoff your loan. I don't want to own your stuff. Undervaluing the collateral helps encourage borrowers to make good on their loan obligations. If the borrow defaults, it also makes liquidating their collateral easier.

Will you accept my limited edition ship or T2 BPO as collateral?
Yes, but except low valuations on both. The loan amount offered on your limited-edition ships and/or T2 BPOs will be low enough that you will want to be sure that you do not default on your loan. Again I don't want to own your stuff. I want to ensure you make good on your loan commitment.

How fast can I get my money?
You can often get your loan funding in under 1 hour when i'm online. Send me a convo or an eve mail in game. The more detailed your loan request and collateral offerings the faster I can process your loan application.

Can't a just contract my stuff to you without contacting you first?
No. If you contract items to me unsolicited your contract will be rejected. Please contact me first and be sure we have agreed to terms before contracting your items to me.

What happens if I fail to accept my contract before it expires?
You will be in default. Once in default I reserve the right to liquidate your collateral to recover my loan losses. I understand that things happen and that you might not be able to log in and accept your contract before it expires. At my discretion I will hold your items for a short period of time after the loan defaults. Note that this is a courtesy and that you should not expect me to hold onto your stuff if you default. Please get in touch with me ASAP if your contract expires (or is about ot expire) and you wish to bring your loan current and redeem your stuff.

If you have other questions please reply here or contact me in game! I'm online a lot. You can send me an eve mail or a convo in game.

*The one exception is for carriers and dreadnaughts. I will accept those as loan collateral provided they are in a low sec (read: NOT null sec) system that is adjacent to highsec. If the carrier/dread is 2 or more jumps into low sec I will not accept it as collateral. I will not accept any other items outside of highsec as collateral.

If you are making so much money at the casino, why bother with this.

It seems like uneccesary hassle when you could be promoting your casino.






Or are there problems at the casino? Not quite as profitable as things appear?

L2setaproperinterestrate.

Why would anybody agree to pay your crazy interest rates when they can get much lower rates from half of the MD crowd?
Legitimate question.

Oh and IPO really lol? Do you even read these forums? I'f you actually did any research.. You'd see why your interest rate is insane for a collateralized loan and that nobody really does IPO's anymore, welcome to the "Bond" forum.

So L2usebrainbeforeopenmouthwithinternetL2ok?

Do you reserve the right to decline collateral that's otherwise legitimate but sells in low quantities?

Lol what do I have to be mad over? Nice comeback btw, very internet professional.



I'm sure you do have a few happy customers, but you'll never fully utilize that amount of isk without loads of work because of the sheer number of customers you'll have to deal with to loan that amount out. Any large loan customer types would just look your operation over because of the crazy rates. Even you should be able to connect those dots together. The work vs reward for this operation will always be garbage. Take the advice like a man, instead of throwing around internet tantrum lol u mad bros.


Thanks for that mind blowing insight doctor Phil. But I'm not into the loan business. But now that you are trying to enter it perhaps you should look up the defenition of an IPO. Also do a little scan of the last 10 pages or so and look around for all the IPO's.



You're welcome, you'll need the help.

gROTHmore?

ROTHbard?

Hmm.

So many people think the loan market is large, when in fact it's quite small( personal loans).

Also for someone so rich why limit to 10B? Easier admin for larger loans.

What interest would you give to me backed with 75B in PI material, and total loan amount?

On a side note, 1%/day approx. = 30%/month, which is almost double the highest interest rates that some unollcat. bonds have to pay.

Derp.

i talk about interest if u need a loan for 1 day or just a few hours, not for 30 days.
You may have noticed that the number 30 is missing in my posting,
Derp.