What separates BL Update from other publicly-available forums in the marketplace?
The structure of BL Update mitigates several issues that exist with publicly available forums. 1) Most publicly available forums are controlled by competing investment management firms. This means that the administrator of these platforms has access to detailed information of its competitors. BL Update is unaffiliated with any bank, borrower, sponsor or investment management company. All registration data of our member firms is confidential and is not shared with any third parties, as agreed to in our Terms of Use. 2) Administrators who attempt to create individual discussion boards on certain amendments or credit issues of a company board cannot confirm all members on that platform are true investors in the loan. BL Update acts as an unaffiliated gatekeeper, making sure that everyone who has access to that discussion board is in fact an investor in the loan. 3) Publicly available forums cannot maintain anonymity of its member base. If you attempt to find a counterparty to assign a loa
