nick
Member of DD Central
Posts: 1,055 
Likes: 825
|
Post by nick on Oct 9, 2018 11:05:17 GMT
I've just dipped my toe in and invested in the latest loan that went live today. Typically how does it take for loans to drawn down once funded (i'm trying to ascertain how much cash drag this could cause if pledged funds are not accruing interest until draw down)?
|
|
dh1
Member of DD Central
Posts: 373
Likes: 383
|
Post by dh1 on Oct 15, 2018 19:29:05 GMT
I'm new to Proplend as well - wish I knew the answer. Still, the Liv*****l loan - which I didn't touch - disappeared from "Funding" very quickly indeed after it closed. Ip****h is still there well after closing...
|
|
dh1
Member of DD Central
Posts: 373
Likes: 383
|
Post by dh1 on Oct 16, 2018 18:50:50 GMT
... and Re***** has drawndown - something like 24 hours after the initial offer.
|
|
|
|
Post by Ace on Oct 16, 2018 20:37:44 GMT
I've only invested I a couple of loans here, but looking at my statements it appears that they both drew down a couple of days after being funded.
|
|
dh1
Member of DD Central
Posts: 373
Likes: 383
|
Post by dh1 on Oct 24, 2018 7:37:22 GMT
... another (Ips**** W*******) went live on 8th October and was funded pretty quickly. It hasn't drawn down yet (24th October). An email update (24/10 pm) confirms that final legal work is awaited.
|
|
kaya
Member of DD Central
Posts: 1,150
Likes: 718
|
Post by kaya on Oct 25, 2018 10:59:45 GMT
They know loans will fund immediately, so why do they not have all legal work completed before launching the funding?
|
|
dh1
Member of DD Central
Posts: 373
Likes: 383
|
Post by dh1 on Oct 26, 2018 18:51:13 GMT
... another (Ips**** W*******) went live on 8th October and was funded pretty quickly. It hasn't drawn down yet (24th October). An email update (24/10 pm) confirms that final legal work is awaited. ... and it's just drawn down (email today 26/10/18) with assurances that the delay isn't typical.
|
|
