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Post by justuslee on Jul 5, 2018 9:32:21 GMT
We carried out a poll on the forum to gauge lenders ISA and Non-ISA money yield expectations on property loans. At JustUs we are extremely conservative when underwriting all applications. The platform only presents property lending opportunities against current bricks and mortar open market valuations. p2pindependentforum.com/thread/12514/non-interest-expectations-property-loansp2pindependentforum.com/thread/12513/isa-interest-expectations-property-loansWe see a gap in the market for professional and flexible short term property backed borrowing, a lot of bank funded bridging loans are restricted when a bridging loan term expires, even though the underlying asset is completely sound and equity cushion plentiful. Unfortunately banks flexibility in supporting the developer is limited and many developers are forced to sell properties at a discount. This is where our SPV PRO loan can give the developer that extra breathing space whilst delivering a great return to lenders with modest risk. The loan below is a great example of this, and we would love as many new forumites as possible to join the JustUs crowd, the loan is due to go live early next week upon receipt of the up to date valuation report. www.justus.co/marketplace/details.php?id=lob2438b777378201fb628 Attachments:
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Post by justuslee on Jul 11, 2018 11:27:59 GMT
Good afternoon Forumites, the bridging loan is due to go live this afternoon, the valuation has been uploaded to the platform for view. At 54% of current open market value, 6 months interest payments held on account with a comfortable equity cushion makes this an attractive lending proposition. www.justus.co/marketplace/available-loans/
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Post by justuslee on Jul 13, 2018 10:39:24 GMT
Thanks to all our new JustUs lenders, you helped fund this loan in record time. We are aware that some of the new lenders came via the forum so we will aim to continually engage whenever possible. I would however state for prompt response to any queries our live chat service on the platform is being well used and feedback is excellent.
Thanks again.
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huxs
Member of DD Central
Posts: 300
Likes: 218
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Post by huxs on Jul 18, 2018 12:21:09 GMT
Thanks to all our new JustUs lenders, you helped fund this loan in record time. We are aware that some of the new lenders came via the forum so we will aim to continually engage whenever possible. I would however state for prompt response to any queries our live chat service on the platform is being well used and feedback is excellent. Thanks again. Am I correct that this loan was cancelled ? Any particular reason and do funds sitting in pending loans get paid interest as available cash does?
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Post by justuslee on Jul 19, 2018 11:09:55 GMT
Good morning huxs you will have received an email within the portal with full details. Borrower received an offer on another property so didn't need the loan.
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