Post by mrclondon on Jan 22, 2018 17:05:41 GMT
racefields.com/
Based in Manchester.
From their pdf brochure:
A quick skim of the T&C suggests its only for sophisticated / HNWI.
I've signed up, and passed their electronic KYC/AML check within a couple of hours. I've not as yet been asked to self certify as sophisticated / HNWI.
There are currently c. 20 loans listed, some of which have the ability to submit bids (for the whole loan it appears, so min bid is £105k to £1.7m presently) by specifying the rate you would be willing to buy the debt for.
OK, of zero relevance to me and likely most forum members, but what caught my eye during a google search, is they are listing the COL Chelsea Flat. Loan amount £595k, security value £900k (supported with the valuation addressed to COL), The lender is seeking offers around: 10%, best bid 10.5%, Loan Start Date: 02/10/2017, Duration on Loan: 6 Months" Most of the details are visible without logging into the site, and I've added the link to the DD Central thread for the Chelsea loan.
I'm really not sure who has instigated this listing. The other loans are of the type that wouldn't look out of place on any of the 10%+ p2p platforms, but I can't spot any others that look familiar. However, the pdf brochure does appear to feature another COL loan - the Bolton Student Dev, and COL are apparently listed as the planning applicant for a proposed development in Aintree, Merseyside which is seeking a loan of £1.7m (see thread Are Collateral (UK) Ltd undertaking developments themselves? ).
Some industry media articles from the time of their launch:
www.bridgingandcommercial.co.uk/article-desc-12504_Racefields%20RCX%20enters%20bridging%20market
bridgingandcommercial.co.uk/article-desc-12621_Racefields%20partners%20with%20Singaporean%20funder
www.crowdfundinsider.com/2017/09/122116-debt-trading-platform-racefields-credit-exchange-wants-become-paypal-loan-bridging/
Based in Manchester.
From their pdf brochure:
The Racefields Credit Exchange (RCX) is a radical new debt trading platform. This is the first platform of its type and is designed to compliment a market that trades hundreds of millions of dollars every day.
RCX matches debt sellers with debt buyers in a reverse auction format, making this asset class no longer the preserve of institutions and large corporates. Now professional and private investors will also be welcomed into the debt market to take advantage of the opportunities available.
RCX matches debt sellers with debt buyers in a reverse auction format, making this asset class no longer the preserve of institutions and large corporates. Now professional and private investors will also be welcomed into the debt market to take advantage of the opportunities available.
A quick skim of the T&C suggests its only for sophisticated / HNWI.
I've signed up, and passed their electronic KYC/AML check within a couple of hours. I've not as yet been asked to self certify as sophisticated / HNWI.
There are currently c. 20 loans listed, some of which have the ability to submit bids (for the whole loan it appears, so min bid is £105k to £1.7m presently) by specifying the rate you would be willing to buy the debt for.
OK, of zero relevance to me and likely most forum members, but what caught my eye during a google search, is they are listing the COL Chelsea Flat. Loan amount £595k, security value £900k (supported with the valuation addressed to COL), The lender is seeking offers around: 10%, best bid 10.5%, Loan Start Date: 02/10/2017, Duration on Loan: 6 Months" Most of the details are visible without logging into the site, and I've added the link to the DD Central thread for the Chelsea loan.
I'm really not sure who has instigated this listing. The other loans are of the type that wouldn't look out of place on any of the 10%+ p2p platforms, but I can't spot any others that look familiar. However, the pdf brochure does appear to feature another COL loan - the Bolton Student Dev, and COL are apparently listed as the planning applicant for a proposed development in Aintree, Merseyside which is seeking a loan of £1.7m (see thread Are Collateral (UK) Ltd undertaking developments themselves? ).
Some industry media articles from the time of their launch:
www.bridgingandcommercial.co.uk/article-desc-12504_Racefields%20RCX%20enters%20bridging%20market
bridgingandcommercial.co.uk/article-desc-12621_Racefields%20partners%20with%20Singaporean%20funder
www.crowdfundinsider.com/2017/09/122116-debt-trading-platform-racefields-credit-exchange-wants-become-paypal-loan-bridging/
