paulg
Member of DD Central
Posts: 312 
Likes: 189
|
PBL 029
Apr 1, 2015 14:23:18 GMT
via mobile
Post by paulg on Apr 1, 2015 14:23:18 GMT
PBL 029 about to launch for 273,000?
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,745
Likes: 3,138
|
Post by jonno on Apr 1, 2015 14:26:29 GMT
PBL 029 about to launch for 273,000? How do you know? Ah; I see it's got itself a number on the pipeline list 
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Apr 1, 2015 14:35:24 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial")
|
|
paulg
Member of DD Central
Posts: 312
Likes: 189
|
Post by paulg on Apr 1, 2015 16:04:36 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial") Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it?
|
|
mikes1531
Member of DD Central
Posts: 6,452
Likes: 2,320
|
Post by mikes1531 on Apr 1, 2015 16:05:55 GMT
It's encouraging to see there are three potential loans that have reached Stage 4.
|
|
will
Member of DD Central
Posts: 107
Likes: 8
|
Post by will on Apr 1, 2015 16:36:26 GMT
It's ok but I now feel I've got to sit on top of the computer if I'm to have any chance of a bit of farm.
Last small one went in 6 minutes!
|
|
|
|
Post by lourent on Apr 1, 2015 17:21:29 GMT
it is online now
|
|
ianb
Posts: 161
Likes: 54
|
Post by ianb on Apr 1, 2015 17:31:06 GMT
|
|
sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
|
Post by sqh on Apr 1, 2015 17:38:12 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial") Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it? Looks like the LTV difference depends which valuation you use. The 59% LTV for PBL029 is based on the current market value. The 90 day assumption value is £390k, which equates to 70% valuation. EDIT: section 18.14 of the VR implies that PBL029 is only half the building/s shown in the photograph.
|
|
|
|
Post by pepperpot on Apr 1, 2015 18:01:09 GMT
3.3% left... edit: minus £264.46 left... 
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Apr 1, 2015 18:40:32 GMT
Was out so missed out. Not because didnt get the comms but because the SS website crashes on both my tablet & mobile. Logged in but then couldnt actually bid  Not an issue with other sites. |
|
|
|
Post by zzr600 on Apr 1, 2015 18:51:15 GMT
As for a last two I was interested in, not a sniff! Sold out in minutes
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Apr 1, 2015 20:03:54 GMT
Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it? Looks like the LTV difference depends which valuation you use. The 59% LTV for PBL029 is based on the current market value. The 90 day assumption value is £390k, which equates to 70% valuation. EDIT: section 18.14 of the VR implies that PBL029 is only half the building/s shown in the photograph. I'd based my investment size on the latter (70%). One of the units though showed no rent, did anyone understand why?
|
|
chrisf
Member of DD Central
Posts: 224
Likes: 67
|
Post by chrisf on Apr 1, 2015 22:35:37 GMT
I was out for the evening so missed out. Why can we not have a limit on bid size for the first day like most of the other platforms do?
I know IT effort has centred around adding pictures recently, but I suspect bid limits would be overall better received.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Apr 1, 2015 23:10:47 GMT
I was out for the evening so missed out. Why can we not have a limit on bid size for the first day like most of the other platforms do? I know IT effort has centred around adding pictures recently, but I suspect bid limits would be overall better received. Well in theory no IT effort required because they had a limit system when there were boat loans, so should just be a question of switching it back on
|
|
Not an issue with other sites.
