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Post by df on Apr 6, 2018 14:07:28 GMT
I doubt 98 will make it. Short term property loan to an existing borrower and is too large for ABL to fill (even at 15% rate). Slow and sure wins the race, I think it will fill. I hope so.
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elliotn
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Post by elliotn on Apr 6, 2018 14:20:47 GMT
Slow and sure wins the race, I think it will fill. I hope so. Takes all sorts. I've shorted.
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nw99
Posts: 340
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Post by nw99 on Apr 6, 2018 17:31:51 GMT
How have you shorted it ?
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nw99
Posts: 340
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Post by nw99 on Apr 7, 2018 2:16:28 GMT
Shorting means selling something you don’t own , perhaps he means he sold his position in 80.
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blender
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Post by blender on Apr 7, 2018 7:43:35 GMT
You could short the project a while ago. I have put the cash back into 98. Why has the maturity date of 80 not been changed and why is there no admin note about the extension, ablrate ?
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nw99
Posts: 340
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Post by nw99 on Apr 7, 2018 17:24:30 GMT
99 is 100% filled, lots of buys in secondary market in general as well
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Post by GSV3MIaC on Apr 7, 2018 20:02:47 GMT
Maybe some new ISA money arrived .. quite a few 'at a premium' SM bids out there, for more attractive loans .. I sold a few, and invested in 98/99/100 (but there is a few quid left).
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nw99
Posts: 340
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Post by nw99 on Apr 7, 2018 20:16:05 GMT
Yes been buying up all the cheap offers with my new ISA allocations
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Post by elephantrosie on Apr 9, 2018 17:22:10 GMT
Does loan 100 come with instant return?
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ptr120
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Post by ptr120 on Apr 9, 2018 17:35:05 GMT
Does loan 100 come with instant return? Yes
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nw99
Posts: 340
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Post by nw99 on Apr 9, 2018 18:22:17 GMT
On the top of the issue it says instant returns on all 3
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Post by elephantrosie on Apr 10, 2018 3:28:50 GMT
thanks both. did not appear on the mobile platform.
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sapphire
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Post by sapphire on Apr 13, 2018 9:14:22 GMT
Is there a maximum period for which the 1000098 offer would be kept open before being withdrawn if not fully subscribed?
What is the longest period another previous loan offer, if any, has been kept open before being withdrawn due to not being fully subscribed?
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blender
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Post by blender on Apr 13, 2018 10:08:55 GMT
Is there a maximum period for which the 1000098 offer would be kept open before being withdrawn if not fully subscribed? What is the longest period another previous loan offer, if any, has been kept open before being withdrawn due to not being fully subscribed? There are 17 days of the listing period left. Page 12 of the proposal states:
"The loan has a minimum requirement of £1,495,000 being the total value of the loan. If the loan does not fill Instant Returns will be paid up until the point of closure and all bids will be returned to your Ablrate account."
So it has to reach the amount, or be returned with instant returns. If it is close at the end of the period, then I guess that Ablrate may wish to request lenders for a limited extension, but that would be exceptional. The instant returns will be considerable, and Ablrate would hope to have some fees to cover it. Also there is the consideration of the connectedness with 80, essentially the same project. In the early days, there was a plane loan which did not get close to its target and Albrate kept that open for months trying to get the rest underwritten. That did not work, and the practice has not been repeated. Loans rarely fail to fill in the time. One did fail recently, and was let go. This is not FC, where they effectively guarantee the fill of anything they approve, and the lenders are just a money supply.
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nw99
Posts: 340
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Post by nw99 on Apr 13, 2018 12:11:06 GMT
Problem was having 3 issues at the same time .
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