In every investment, some type of risk is present.
AltX takes significant care to identify and balance the risks and return on all loan investments. We only accept loans on the platform where we are comfortable with the level of risk presented.
To mitigate the risk of default we undertake due diligence on all loans. Once a loan is underwritten, it is held in a separate SPV. This means that each loan is legally not connected to another loan and a default on a given loan does not impact any other loans managed by AltX.
In the event of a default, AltX has extensive experience enforcing loans to realise a security. We work with experienced service providers (lawyers, accountants, receivers, administrators, insolvency practitioners) to realise assets and recover capital.
If you have invested in a loan that enters default, AltX will provide communication about the steps being taken to maintain the investment and realise capital recovery.
Please make contact with via firstname.lastname@example.org should you have more questions about defaults.