littleoldlady
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Post by littleoldlady on Oct 20, 2017 16:57:54 GMT
You can select up to two options.
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hazellend
Member of DD Central
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Post by hazellend on Oct 20, 2017 17:07:56 GMT
Pretty limited options
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Oct 20, 2017 17:40:26 GMT
Suggest some more and I will add them if I can.
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hazellend
Member of DD Central
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Post by hazellend on Oct 20, 2017 17:55:50 GMT
I think the security is okay, and the borrower is okay.
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pickles
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Post by pickles on Oct 20, 2017 20:26:00 GMT
I'm in, but I know people like the borrower so I'll not be holding to term.
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Post by pedz14 on Oct 20, 2017 20:26:58 GMT
I'm okay with this loan and have invested. The borrower appears to me to be on the level and the security is no worse than a lot of what we are offered over various platforms.
With that said, I'm not sure that subsequent drawdowns will fill due to the negative sentiment that currently exists. A further £4.25m may be a big ask.
Perhaps an additional question in the poll could be; Do you think that this loan and subsequent drawdowns will fill? Of course it's a moot question if there are big underwriters on standby.
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m2btj
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Post by m2btj on Oct 20, 2017 21:27:16 GMT
The poll is too limited in its questions. It basically asks if we trust NP. The structure of this loan & the borrower company are far more complex than what one thinks of CEO NP.
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Post by moneymagnet on Oct 20, 2017 21:34:08 GMT
I'm in but only for about a third of what I usually invest in an MT loan.
I am in all of the loans having difficulties on MT right now and have grown more cautious.
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Post by lucas01 on Oct 20, 2017 22:09:57 GMT
No for me. Uncompetitive loan structure compared to Coll's typical 12% first ranking initial land/building loan, followed by development tranches at 13-15%. That is what I reckon is needed if they want to fund this build.
Also the lack of planning permission is a negative to me, with cost overruns from this and dealing with this decaying listed building puts the risk/reward level out of my consideration in my opinion.
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johni
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Post by johni on Oct 20, 2017 22:49:35 GMT
Not in due to building cost against LTV. When asked what the 1.2 million was spent on the lack of an answer or clarity from MoneyThing was a big concern, as if we don't get a straight answer then the LTV is definitely suspect. This leads to serious concerns in a default situation arises. |
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Post by spectra on Oct 20, 2017 23:36:27 GMT
This is not like other inner city “regeneration” projects, Bradford is not Hackney, Shoreditch, Hoxton or Brick Lane and savvy young professionals will not buy into areas such as this, therefore this project will either not get off the ground, for example, the previous owner of the site, Caddick, gave up the ghost after many years or it will go the way of Urban Splash with the nearby Manningham Mills: www.theguardian.com/cities/2015/nov/02/can-a-new-bradford-emerge-from-hole-in-the-ground-westfieldSorry to post the same link twice but it unintentionally gives a true picture of the city. To be brutally honest (and this pains me to say it as I knew Bradford as a prosperous, thriving multi cultural business centre) currently this is a city that is going nowhere in the 21st century. |
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littleoldlady
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Post by littleoldlady on Oct 21, 2017 7:35:31 GMT
I will add the extra options suggested above if somebody can tell me how to edit a poll - if it is possible to do so.
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Post by GSV3MIaC on Oct 21, 2017 7:58:40 GMT
Sadly editing a poll is not an option, even for platform staff. Probably just as well since it could invalidate all results, resulting in nonsense like " you all voted for no updates".
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archie
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Post by archie on Oct 21, 2017 8:29:51 GMT
As long as borrowers don't want to know the history of the lenders.  |
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hazellend
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Post by hazellend on Oct 21, 2017 8:30:48 GMT
This is not like other inner city “regeneration” projects, Bradford is not Hackney, Shoreditch, Hoxton or Brick Lane and savvy young professionals will not buy into areas such as this, therefore this project will either not get off the ground, for example, the previous owner of the site, Caddick, gave up the ghost after many years or it will go the way of Urban Splash with the nearby Manningham Mills: www.theguardian.com/cities/2015/nov/02/can-a-new-bradford-emerge-from-hole-in-the-ground-westfieldSorry to post the same link twice but it unintentionally gives a true picture of the city. To be brutally honest (and this pains me to say it as I knew Bradford as a prosperous, thriving multi cultural business centre) currently this is a city that is going nowhere in the 21st century. g It's a bit of a vicious circle though. If companies, government, and people invested in these areas they could bring them up. You need to build nice things, trendy accomodation and good amenities if you want young professionals to come. Personally, I enjoy lending money to projects and see them built out to completion. Not a good reason to invest, but these projects would never get done if it wasn't for us P2P lenders (lets face it we are lenders of last resort!).
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