Congratulations to Masterful for posting the second secured loan on BitLendingClub: https://bitlendingclub.com/loan/browse/lid/752

Loan Terms:
Expires: 2014-06-04/00:46 (in +27 days)
Status: Listing Funding
Amount: 0.60000000 BTC
Term: 30 days
Payment Frequency: every 14 days
% Funded: 16.7% funded (BTC 0.50000000 left)

His first loan was funded and repaid early: https://bitlendingclub.com/loan/browse/lid/747

We are holding two domain names as collateral valued at about $2,559.50 total: brentoilspot.com and oilspotprice.com
The valuation was based on the average appraisal price from estibot.com, valuate.com, domainappraisal.co.uk, sedo.com and domainindex.com

Here is the image of BitLendingClub's namecheap account with both of the domains names in there: http://i.imgur.com/fU9ftJ9.png


The community's feedback has been that the likelihood we'll be able to liquidate the collateral, at 1/3 of the valuation price, is very low. This loan has been funded and we're still backing it, even if we can't liquidate the collateral for 0.6 BTC.
Best Regards,
Kiril Gantchev
CEO of BitLendingClub