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Post by captainconfident on Mar 8, 2022 12:07:32 GMT
New Loan 8/3/22 L*** S***** P********* Ltd Amount required: £233 640 20% Starting Rate Building refurbishment with early refinance mooted on completion. Supported by multiple sub-charges on this and other properties, limited PG. www.rebuildingsociety.com/investment-opportunities/This also repays previous loan for 105k, on which 4 repayments were made. On the face of it, very high geared. But this is life in the property refurbishment industry. In order to sell the property you've refurbished, you have to buy it first, and as in this case, the company needs a few projects on the go at once resulting in a tangle of loans. My neighbour has a similar company so this looks normal. A house of cards indeed. |
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Post by captainconfident on Mar 20, 2022 19:21:30 GMT
Just a reminder to anyone who's reading, Rebs are trying to get a large loan over the line here, so every little helps.
Rebuilding Society loans are high geared, so not for the faint hearted but historically and over a 10 year period, the returns from this platform have been higher than any other similar one IF you didn't put all your eggs in one basket.
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Post by df on Mar 20, 2022 21:35:19 GMT
All Rebs loans are high risk, but I thought this loan is one of the most riskiest I've seen on the platform so I gave it a miss first time round. Decided to invest this time - my Rebs portfolio is well diversified and XIRR is 12.34%, so may as well keep risking  |
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Post by captainconfident on Mar 23, 2022 19:18:52 GMT
All Rebs loans are high risk, but I thought this loan is one of the most riskiest I've seen on the platform so I gave it a miss first time round. Decided to invest this time - my Rebs portfolio is well diversified and XIRR is 12.34%, so may as well keep risking  Interesting situation here. I haven't invested more than I usually do in a loan 1/4 the size. There are many of the Rebs regular investors taking what to me look like huge punts here - I've seen loans this size fail to fund by a country mile on Rebs before. Is it that people have more confidence in the platform these days, or is there an underlying strength in this loan that I've not spotted? It is in any event a good sign that Rebs can offer this sized loan with a chance of successful funding.
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Post by df on Mar 23, 2022 19:50:55 GMT
All Rebs loans are high risk, but I thought this loan is one of the most riskiest I've seen on the platform so I gave it a miss first time round. Decided to invest this time - my Rebs portfolio is well diversified and XIRR is 12.34%, so may as well keep risking Interesting situation here. I haven't invested more than I usually do in a loan 1/4 the size. There are many of the Rebs regular investors taking what to me look like huge punts here - I've seen loans this size fail to fund by a country mile on Rebs before. Is it that people have more confidence in the platform these days, or is there an underlying strength in this loan that I've not spotted? It is in any event a good sign that Rebs can offer this sized loan with a chance of successful funding. I don't think there's strength in this loan. I don't know the reasons, but can try to speculate. One of the reasons could be that all other platforms of this kind (FC, LC etc.) stopped p2p lending, so investors have less choice for diversification. Judging by how easy is to sell a loan part at a small premium, I think there is a lot of confidence among investorship . SM is a good indicator of platforms' health.
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Post by captainconfident on Mar 23, 2022 20:34:40 GMT
Unsecured business loans have been far more reliable long term investments compared to the more sophisticated property and secured investments of other p2p platforms, in my long experience of losing money. I averaged 6.5% on FC in spite of being mishandled by them when they went 'black box' and threw our money around wildly. I came late to LC, but I'm more than happy with them. Funding Knight was also excellent, almost 10% pa over 6 or so years.
Rebs is the living dinosaur of that golden era. I'm really grateful that it still exists with this lending model (and added spoonful of security these days). Of all the platforms mentioned, it is the least likely survivor.
I think what Rebs have spotted is that a lot of owners of very small businesses don't know about p2p lending, and use their credit cards or take personal loans to fund their activities. Certainly, with the other live loan on the platform at the moment, you can see this borrowing pattern (Instant cash business loans) and the Rebs loan makes perfect business sense. Interesting to watch how many points the headline rate on that loan drops over the funding period. 17-16% range, my guess.
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Post by df on Apr 2, 2022 17:00:46 GMT
Unsecured business loans have been far more reliable long term investments compared to the more sophisticated property and secured investments of other p2p platforms, in my long experience of losing money. I averaged 6.5% on FC in spite of being mishandled by them when they went 'black box' and threw our money around wildly. I came late to LC, but I'm more than happy with them. Funding Knight was also excellent, almost 10% pa over 6 or so years. Rebs is the living dinosaur of that golden era. I'm really grateful that it still exists with this lending model (and added spoonful of security these days). Of all the platforms mentioned, it is the least likely survivor. I think what Rebs have spotted is that a lot of owners of very small businesses don't know about p2p lending, and use their credit cards or take personal loans to fund their activities. Certainly, with the other live loan on the platform at the moment, you can see this borrowing pattern (Instant cash business loans) and the Rebs loan makes perfect business sense. Interesting to watch how many points the headline rate on that loan drops over the funding period. 17-16% range, my guess. Despite mishandled loan book, my FC XIRR is 4.04% and some recoveries are still coming. With LC I still have to wait for about 3 years until all my loans are completed, but it looks promising - displayed "actual rate of return" is currently 8.2% and has been showing above 8% for a few years now. So my overall experience with unsecured (or partially secured) SME lending is good.
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