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Post by mashclint on Sept 2, 2014 18:17:43 GMT
No update from REBS re late payment for Mc Mushrooms, seems to me a lack of engagement when payments are overdue, investors asking what's going on and REBS not responding. Seems very odd a late payment only the second payment why late so soon?
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Post by Deleted on Sept 2, 2014 21:31:35 GMT
Too many of the ReBS loans look very risky to me, backed by pretty worthless personal guarantees.I'm not tempted to increase my exposure beyond my quite limited initial foray.
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thebillet
Member of DD Central
Posts: 64 
Likes: 21
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Post by thebillet on Sept 3, 2014 5:51:50 GMT
Two out of the three loans I am backing have been superb, so far. The other which incidentally is backed by property has been nothing but a tale of missed payments catch up and excuses, luckily they are being refinanced any day now although as expected the date for that came and went. I won't be increasing my exposure but so far I am happy to see through the two good ones to maturity.
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