kaya
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Post by kaya on Apr 17, 2018 11:06:34 GMT
I see that a 'survey bonus bung' is trying to arouse some new interest here. Anyone interested or is this the dead zone?
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gustapher
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Post by gustapher on Apr 17, 2018 11:22:06 GMT
I've been investing but pulled out of Ascot at the last minute. Not overwhelmed by the pipeline either but will assess each deal as it comes.
I haven't lost any money yet but the lack of SM keeps me from investing more. One for diversification and potentially to keep an eye on if they ever deliver on their promise of an SM with international exposure.
The problem they have is they claim their deals are superior (presumably in terms of risk/reward) to that of competitors but this is hard to assess based on the length of time they have been running and the amount of info provided in the deal room.
I can't, for example, see how Ascot is only 8%. It is a development loan with 56% GDV selling units into a market that is unproven. Given the shenanigans on other platforms with valuations I would be wanting 12%. I can't see how this deal is better/safer than a Lendy/MT development loan. That said I'm not an expert so maybe I missed something.
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