|
Post by bengilbert on Jan 10, 2014 12:08:39 GMT
A couple of new deals have gone up on Funding Empire - a 3 year loan to a construction company who started trading recently, and a 1-year cash-flow type loan to a IT company who say they're waiting on a big payment owed by the EC.
I haven't had time to look carefully, but there's some info there for anyone who's interested.
|
|
|
Post by phlitb on Jan 10, 2014 12:36:25 GMT
They have also made some modest improvements to the platform, and promise more to come soon - including a secondary market.
|
|
|
Post by mrclondon on Jan 19, 2014 22:49:06 GMT
The FE platform seems to be struggling for traction at present. The first of these two is due to close on Friday evening but thus far only £1200 of the required £20k has been bid, the other closes the following Friday with currently less than £1k (out of £48k) bid. I think FE urgently need some HNW individuals to kick-start things.
|
|
|
Post by phlitb on Jan 21, 2014 17:57:27 GMT
Given the relative recent dearth of available loans on most platforms I'm somewhat puzzled that FE is struggling to elicit any serious interest from the P2P investing community. Their first 2 loans were underfunded despite the 15% on offer, the same looks increasingly inevitable for the current pair of live loans.
Since I am investing with them I'm more than a little interested in why so few others are. Is it just fear of the unknown / early adopter phobia or does anyone have any serious misgivings about the platform or owners? If your reasons are too libellous for the forum please feel free to PM me!
In the meantime I will continue to enjoy the 15% returns on offer in blissful ignorance...
|
|
|
Post by mrclondon on Mar 20, 2014 20:44:34 GMT
One of the previous two borrowers accepted what was offered, the other withdrew when it became clear that anything remotely close to 100% funding wasn't going to happen.
However I understand tht the latest offering has an "underwriter" waiting in the wings to pickup any shortfall. A well secured loan (extremely low LTV c. 5%) first charge against a pub. 8% over three years is possibly lower than most P2P lenders will tolerate, but I intend to contribute a decent amount - the rate doesn't concern me unduly as I'm also in all of the AC LTL 6.5% loans and a TC loan at 7.5%.
|
|
bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,465
|
Post by bugs4me on Mar 20, 2014 20:47:58 GMT
Given the relative recent dearth of available loans on most platforms I'm somewhat puzzled that FE is struggling to elicit any serious interest from the P2P investing community. Their first 2 loans were underfunded despite the 15% on offer, the same looks increasingly inevitable for the current pair of live loans. Since I am investing with them I'm more than a little interested in why so few others are. Is it just fear of the unknown / early adopter phobia or does anyone have any serious misgivings about the platform or owners? If your reasons are too libellous for the forum please feel free to PM me! In the meantime I will continue to enjoy the 15% returns on offer in blissful ignorance... IMO it's all to do with confidence in the platform and the individuals behind it.
|
|
|
Post by parag on Mar 21, 2014 15:21:08 GMT
Bugs4me - We would be more than happy to address any concerns about our platform and / or the team behind it.
Regards,
Parag
|
|
bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,465
|
Post by bugs4me on Mar 21, 2014 20:16:47 GMT
Bugs4me - We would be more than happy to address any concerns about our platform and / or the team behind it. Regards, Parag Apologies guys, this was not directed at your platform. It was P2P/P2B in general and as we all know it's one thing setting up a web site, a totally different matter getting traction. However I wish FE well and will keep an eye on progress as it's in everyone's interests for the P2P/P2B market to work.
|
|
|
Post by parag on Mar 21, 2014 20:29:06 GMT
Bugs4me - No problem and thank you for your kind words, much appreciated.
Regards,
Parag
|
|