madpierre
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Post by madpierre on Oct 13, 2017 11:28:15 GMT
This is an awkward situation. I am not comfortable with this loan, but I am equally uncomfortable with having many thousands in idle funds waiting in my MT account for a 'good' one to come along. I am beginning to think these days 'acceptable' is the new 'good'. So I will have to decide soon whether this is 'acceptable' because sitting on the fence is rather uncomfortable too At an interest rate of 13% you can't expect perfect borrowers. You have to decide on your risk tolerance, and evaluate the risk on the loan. (If you diversify your portfolio you can in theory increase your tolerance for idiosyncratic risks because effective diversification reduces variance in returns.) Thank you am To be honest my portfolio is already so widely diversified that I probably spend more hours on it than I used to on my former employment I put this one in the idiosyncratic camp, which I fear I already fund too much of anyway, but I might still crack and say "ah, what the heck". More importantly I notice I employed the wrong smiley in the above post - it should have been this one...
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m2btj
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Post by m2btj on Oct 13, 2017 11:32:49 GMT
At an interest rate of 13% you can't expect perfect borrowers. You have to decide on your risk tolerance, and evaluate the risk on the loan. (If you diversify your portfolio you can in theory increase your tolerance for idiosyncratic risks because effective diversification reduces variance in returns.) Thank you am To be honest my portfolio is already so widely diversified that I probably spend more hours on it than I used to on my former employment I put this one in the idiosyncratic camp, which I fear I already fund too much of anyway, but I might still crack and say "ah, what the heck". More importantly I notice I employed the wrong smiley in the above post - it should have been this one... If you don't like this one you could check out the tranche of student flats on Col.
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madpierre
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Post by madpierre on Oct 13, 2017 12:30:25 GMT
Thank you am To be honest my portfolio is already so widely diversified that I probably spend more hours on it than I used to on my former employment I put this one in the idiosyncratic camp, which I fear I already fund too much of anyway, but I might still crack and say "ah, what the heck". More importantly I notice I employed the wrong smiley in the above post - it should have been this one... If you don't like this one you could check out the tranche of student flats on Col. I had a lot of idle funds in Collateral too and that's where they went this morning . I don't, however, consider those loans 'acceptable' enough to put my idle MT funds there as well
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m2btj
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Post by m2btj on Oct 13, 2017 13:21:39 GMT
If you don't like this one you could check out the tranche of student flats on Col. I had a lot of idle funds in Collateral too and that's where they went this morning . I don't, however, consider those loans 'acceptable' enough to put my idle MT funds there as well Here's a MT offering planned to launch next week. Interestingly, in the same town as Cols tranche this morning. £750,000 initial drawdown on a Residential Development in a historic building in central B******d (c. £4.25m Development Finance requirement). Up to c. 50% LTV. 3 year term. 11% to lenders.
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madpierre
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Post by madpierre on Oct 13, 2017 15:33:19 GMT
I had a lot of idle funds in Collateral too and that's where they went this morning . I don't, however, consider those loans 'acceptable' enough to put my idle MT funds there as well Here's a MT offering planned to launch next week. Interestingly, in the same town as Cols tranche this morning. £750,000 initial drawdown on a Residential Development in a historic building in central B******d (c. £4.25m Development Finance requirement). Up to c. 50% LTV. 3 year term. 11% to lenders. Here's hoping it's a 'good' one Oh how I like the sound of up to c50% LTV.... just like the old MT days
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Post by df on Oct 13, 2017 19:46:02 GMT
Over 1m is still available. I wonder if it will ever get funded or will have the same fate as recent Col's attempt to fund something that is not fundable? It will definitely get funded IMO. It's over half way there already. I like this loan and hope to be in it till the end and see the development take place. I hope so. It is moving very slow, but it may be to do with the size of the loan.
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stokeloans
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Post by stokeloans on Oct 17, 2017 12:00:12 GMT
This has increased the value
<link identifying secured asset removed>
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m2btj
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Post by m2btj on Oct 17, 2017 13:14:47 GMT
Can we say it's possibly a Banksy.....just for valuation purposes!
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stokeloans
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Post by stokeloans on Oct 17, 2017 13:31:19 GMT
Can we say it's possibly a Banksy.....just for valuation purposes! Don't go giving them ideas lol
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copacetic
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Post by copacetic on Oct 19, 2017 13:11:59 GMT
1% cashback just added to this loan. 33% left to fill at the moment.
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peteuk
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Post by peteuk on Oct 19, 2017 13:23:54 GMT
1% cashback is still not enough , i dont like this loan the sructure is all wrong, so im still out
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toto
Posts: 15
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Post by toto on Oct 19, 2017 13:38:49 GMT
Only jjust joined the p2p world but I like this...defiantly in. I've looked at lots. Like the cashback also!
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stokeloans
Member of DD Central
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Post by stokeloans on Oct 19, 2017 13:41:57 GMT
Just come past and there's newly erected.....oooh err missus....scaffolding down 1 side. I'll keep my eyes peeled
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bfish
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Post by bfish on Oct 19, 2017 14:04:07 GMT
Only jjust joined the p2p world but I like this...defiantly in. I've looked at lots. Like the cashback also! Nothing like a bit of defiance . . . GO 'toto'
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toto
Posts: 15
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Post by toto on Oct 19, 2017 14:25:53 GMT
I really should keep an eye on my spelling....thanks for the encouragement!
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