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Post by alexp2p on Aug 14, 2019 23:08:41 GMT
Any ideas about this unusual loan?
Not the typical loan, because of no rental income
and income from trading could also fluctuate.
Also very rushed.
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Post by uksoul on Aug 15, 2019 3:35:54 GMT
Any ideas about this unusual loan? Not the typical loan, because of no rental income and income from trading could also fluctuate. Also very rushed. Their income no doubt comes via donations and various funding as per most charity income. They are designated charity status which offsets a lot of expense. It's a bridging loan of just 6mths which indicates longer term financing is in the works. No due concern over the speed for me. Proplend not rushing witout their high due dilegence. I'll be taking a a couple of nibbles of this loan.
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eeyore
Member of DD Central
Posts: 743 
Likes: 733
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Post by eeyore on Aug 15, 2019 9:20:30 GMT
Any ideas about this unusual loan? Not the typical loan, because of no rental income and income from trading could also fluctuate. Also very rushed. Their income no doubt comes via donations and various funding as per most charity income. They are designated charity status which offsets a lot of expense. It's a bridging loan of just 6mths which indicates longer term financing is in the works. No due concern over the speed for me. Proplend not rushing witout their high due dilegence. I'll be taking a a couple of nibbles of this loan. Yup, the charity's income comes from donations and from letting space for events - look at "Applicant Details" on the second page of the Loan Request Summary. The charity's income has exceeded their expenditure for at least the last five years (though the gap is narrowing). I'll be letting Auto-Lend take a slice of TrancheA this afternoon.
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nummo
Member of DD Central
Posts: 50
Likes: 12
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Post by nummo on Aug 15, 2019 11:48:59 GMT
Certainly something a bit different and the LTV looks decent. I'll likely have a small part of this.
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pier2pier
Member of DD Central
Posts: 73
Likes: 49
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Post by pier2pier on Aug 15, 2019 14:04:10 GMT
2 minute wonder
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Post by Ace on Aug 15, 2019 15:10:37 GMT
Looked like all of tranche A was eaten by auto-invest.
I managed a couple of bites of tranche B.
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pier2pier
Member of DD Central
Posts: 73
Likes: 49
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Post by pier2pier on Aug 15, 2019 15:31:49 GMT
yeah - no chance tranche A, got my share of B then went looking for A, all gone when 42k of B was showing
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Aug 15, 2019 15:35:43 GMT
Logged in at 15.01 (beer queue longer than planned at Lord's) and all gone. Had scaled down tranche A autoinvest on the basis that could get some Tranche B. Looks like people still go all in when the interest rates are high. I guess a 4 milion repayment a few days earlier probably helped too.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Aug 15, 2019 15:37:51 GMT
Looked like all of tranche A was eaten by auto-invest. In that case I'm glad I turned it off. I would want no part of this loan myself. Best of luck to those with more courage than me.
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Post by uksoul on Aug 15, 2019 16:26:23 GMT
Logged in at 15.01 (beer queue longer than planned at Lord's) and all gone. Had scaled down tranche A autoinvest on the basis that could get some Tranche B. Looks like people still go all in when the interest rates are high. I guess a 4 milion repayment a few days earlier probably helped too.
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Post by uksoul on Aug 15, 2019 16:28:57 GMT
I missed out, my watch slow by a minute or 2 and messed up my timing. Went superfast.
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nummo
Member of DD Central
Posts: 50
Likes: 12
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Post by nummo on Aug 16, 2019 9:15:35 GMT
Oops didn't expect it to go that quickly, I missed out. There's a couple in pending so hopefully another one comes along soon.
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