criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Aug 29, 2020 10:55:24 GMT
Almost there in 16 days with 2nd charge 69% LTV 142 struggles over 5 months with 1st charge 56% LTV. LTV is a pretty unreliable guide I have discovered. Arguably very different types of loan, my heart would actually far rather support projects like 142 than 147. I suppose a comparison between these two probably proves the investment logic quite well, 147 essentially depends on three houses selling in a reasonable time for somewhere near the guide price (plus a few other variables obviously) and we all go home happy. 142 is much more complex (and more variables that you could put in a big variable storage box), but in the big scheme of things 142 is probably the loan that could make a difference in the World. I might do a deal with myself and any profit I make on 147 will reinvest in the next tranche (assuming there is one) of 142. I feel a little like an eco warrior now, might even climb a tree tomorrow. I am in 142 nearly 4 times as much as 147. It is Mr F after all.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Aug 29, 2020 11:47:24 GMT
For what it's worth, I have recently bid on these equally, as my restart on ABL. The basic process was, do I trust the borrower? Is anything nasty likely to happen within six months of drawdown? Climbing trees sounds good, but, for me, having to do it as part of the lending experience would make the risk of lending too high. I could sit in a comfy chair in any, even all, of the three houses without too much risk.
|
|