jontyab
Member of DD Central
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Post by jontyab on Apr 9, 2018 9:03:25 GMT
Surprisingly just had ~10% repaid already. It looks like the Q2 auctions have seen a strong start at the hands of some especially affluent individuals. I didn't expect repayments so soon so I suppose this may be an initial ad hoc repayment propped up by Q1 proceeds. Some documentation would be nice but I'm not too concerned. I went in a little deep into this one so I welcome a slight drop in capital
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dermot
Member of DD Central
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Post by dermot on Apr 9, 2018 16:19:18 GMT
Surprisingly just had ~10% repaid already. It looks like the Q2 auctions have seen a strong start at the hands of some especially affluent individuals. I didn't expect repayments so soon so I suppose this may be an initial ad hoc repayment propped up by Q1 proceeds. Some documentation would be nice but I'm not too concerned. I went in a little deep into this one so I welcome a slight drop in capital Me too, a couple of thousand. As you say, welcome - indeed reassuring - to see several hundred coming back early.
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star dust
Member of DD Central
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Post by star dust on Jan 7, 2019 16:29:02 GMT
I got an email about another ‘new’ loan to this outfit and actually logged in to take a look for the first time in a while. I’ve reduced my targets since the rates went down and so have about 25% less invested than before, and judging by comments here it seems quite likely others have too.
Nonetheless, I was surprised to see three other loans also with availability remaining - some £165k still up for grabs in total. So, there’s circa £100k to this business partner left, about £22k to the rich American that likes to borrow big, and the rest (two loans) to the watch dealer. I topped up a small amount in the first two. The latter ones are loan multiples, so if you're tempted too, don’t forget to check if you have concerns about your overall exposure per borrower.
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Post by df on Jan 8, 2019 23:17:33 GMT
I got an email about another ‘new’ loan to this outfit and actually logged in to take a look for the first time in a while. I’ve reduced my targets since the rates went down and so have about 25% less invested than before, and judging by comments here it seems quite likely others have too. Nonetheless, I was surprised to see three other loans also with availability remaining - some £165k still up for grabs in total. So, there’s circa £100k to this business partner left, about £22k to the rich American that likes to borrow big, and the rest (two loans) to the watch dealer. I topped up a small amount in the first two. The latter ones are loan multiples, so if you're tempted too, don’t forget to check if you have concerns about your overall exposure per borrower. Yes, one can easily get overexposed. When I started with UB (two years ago) I wasn't looking at details for a long time, later I discovered that I have lent way to much to the same borrower. However, I've had no loss with unprotected UB loans yet. I've reduced my targets too. They used to be overambitious in hope to get bigger chunks, but the goal post moved since the rates were dropped. I had one allocation for PF loan that exceeded my exposure limit, this made me to change my settings.
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