|
|
Post by wiseclerk on Dec 17, 2014 13:11:43 GMT
an old loan showing available to invest? E.g. PBL015. Is this availability from the secondary market?
|
|
|
|
Post by mrclondon on Dec 17, 2014 14:03:31 GMT
Is this availability from the secondary market? Yes, thre is only one "market" on SS, with fluctuations in availability of most loans over the course of a week. It is one of the more liquid platforms in that respect. AIUI for those loans that have not yet drawn down yet, cashback goes to the holders of the loan on the day it draws down.
|
|
|
|
Post by wiseclerk on Dec 17, 2014 14:17:06 GMT
Thank you.
Are there any pitfalls in picking up older loans - aside from missing out on cashback?
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Dec 17, 2014 14:20:32 GMT
At the moment half the bridging loans on the platform have cash-back available as they haven't yet drawn down - but only one of these has any availability. As mrclondon says it is very a very liquid secondary market though as another four of these had units available this morning. Although it accumulates no interest is payable until the loan draws down either. There are currently three drawn (old) loans with more than a few pennies available on the SM, all these will be paying monthly interest. In edit as cross-posted; no pitfalls in my opinion, but they will tend to be of a shorter duration as they are older loans although not always much in it as with PBL 15 - only just drawn down, still 6 months left. |
|
