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Post by MoneyThing on Jul 14, 2015 12:56:45 GMT
Afternoon, Just in the process of finalising a further £50,000 portfolio to go live on Wednesday this week. This portfolio is different in that rather than being watches/jewellery, it is made up of electronics (laptops, phones, consoles, cameras, sat navs, etc.). As these assets depreciate a lot faster than jewellery, all the assets contained within the Portfolio are under a 1 (or occasionally 2 month) Buy Back agreement rather than a 6 month 'pawn' agreement. Due to the short nature of these Buy Back agreements, the contents of the Portfolio will change on a daily basis. Otherwise the Portfolio will retain the same characteristics of the other Portfolios with a 6 month term and the option to renew/liquidate at 6 months. The loan will go up for preview later today or tomorrow morning for investors to view the initial Portfolio composition before going live at 4pm Wednesday. Kind regards, Ed Update: This loan is now available for preview to go live at 4pm tomorrow (15th).
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Post by MoneyThing on Jul 20, 2015 13:53:17 GMT
Afternoon,
Just in the process of finalising a further £50,000 Managed Portfolio (electronics) to go live on Wednesday this week.
The loan will go up for preview tomorrow (TBC) for investors to view the initial Portfolio composition before going live at 4pm Wednesday.
Kind regards,
Ed
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Post by MoneyThing on Jul 21, 2015 14:33:58 GMT
Afternoon, Just in the process of finalising a further £50,000 Managed Portfolio (electronics) to go live on Wednesday this week. The loan will go up for preview tomorrow (TBC) for investors to view the initial Portfolio composition before going live at 4pm Wednesday. Kind regards, Ed Update: This loan has now been uploaded for preview. Kind regards, Ed.
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Post by AoifeThing on Jul 27, 2015 11:05:15 GMT
Good Afternoon,
A new £4,500 loan is now available for preview on the platform. The loan will go live at 4pm today and will also have a £50 bid restriction in place per person, per 24-hour period.
Kind Regards,
Aoife
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Post by SianThing on Sept 23, 2015 9:53:56 GMT
Good Morning All!
There will be £54,000 of loans available to preview from 11am this morning. These loans will be going live at 4pm this afternoon.
At 4pm today there will also be two Managed Portfolio renewals going live. MT114 has £825 available and MT115 has £1,122 available.
Happy Bidding!
Sian
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Post by SianThing on Sept 29, 2015 14:19:56 GMT
Afternoon everyone!
There will be two loans totalling £58,000 available to preview from 3.30pm today.
Loan details are as follows:
MT269 (£8,000) will be going live at 10am tomorrow CSP268 (£50,000 Managed Portfolio) will be going live at 4pm tomorrow
Best Regards,
Sian
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Post by MoneyThing on Oct 20, 2015 19:03:37 GMT
Imminent Loan (i.e. within the next few days)
Evening,
Just in the process of finalising a new bridging loan with a borrower who many of you will be familiar with.
This will be a 2nd Charge facility of £522,000 for a 2 year loan against land with planning in Cardiff.
The land is currently valued at £4.15m with planning permission for 249 units of Student Accommodation right next to the University (GDV £15.17m).
The 1st charge is £1.482m which together with our facility comes to 48.3% LTV.
More details to follow.
Kind regards,
Ed
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Post by MoneyThing on Oct 21, 2015 10:53:01 GMT
Imminent Loan (i.e. within the next few days) Evening, Just in the process of finalising a new bridging loan with a borrower who many of you will be familiar with. This will be a 2nd Charge facility of £522,000 for a 2 year loan against land with planning in Cardiff. The land is currently valued at £4.15m with planning permission for 249 units of Student Accommodation right next to the University (GDV £15.17m). The 1st charge is £1.482m which together with our facility comes to 48.3% LTV. More details to follow. Kind regards, Ed UPDATE: Funds are with our solicitors held to our instruction ready for an anticipated drawdown of tomorrow (22nd). Will get the details up for preview later today. Regards, Ed.
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Post by MoneyThing on Oct 21, 2015 15:38:01 GMT
Imminent Loan (i.e. within the next few days) Evening, Just in the process of finalising a new bridging loan with a borrower who many of you will be familiar with. This will be a 2nd Charge facility of £522,000 for a 2 year loan against land with planning in Cardiff. The land is currently valued at £4.15m with planning permission for 249 units of Student Accommodation right next to the University (GDV £15.17m). The 1st charge is £1.482m which together with our facility comes to 48.3% LTV. More details to follow. Kind regards, Ed UPDATE: Funds are with our solicitors held to our instruction ready for an anticipated drawdown of tomorrow (22nd). Will get the details up for preview later today. Regards, Ed. UPDATE: Loan now up for preview on the platform. Regards, Ed.
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Post by SianThing on Nov 6, 2015 13:01:20 GMT
Good afternoon all!
Two new supercar loans are now available to preview and are going live at 4pm today.
MT279 - £80,000 2010 Mercedes-Benz SLS AMG Coupe MT280 - £90,000 2013 Mercedes-Benz SLS AMG Roadster
Best regards,
Sian
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Post by MoneyThing on Nov 6, 2015 15:38:09 GMT
Good afternoon all! Two new supercar loans are now available to preview and are going live at 4pm today. MT279 - £80,000 2010 Mercedes-Benz SLS AMG Coupe MT280 - £90,000 2013 Mercedes-Benz SLS AMG Roadster Best regards, Sian Afternoon. I can see that a number of investors have deposited amounts greater than the combined initial bid restriction in place for these two loans, therefore I am assuming that the balance will be used when these loans are unrestricted at 4pm tomorrow. Just wanted to mention that whilst I will be away from my computer at times tomorrow, I will be by the computer just before 4pm to credit any last minute deposits before the restriction is lifted. Kind regards, Ed.
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Post by SianThing on Nov 12, 2015 15:30:03 GMT
Good afternoon everyone!
We have some very exciting news today with our largest to date now available to preview on the platform.
The loan is £3.5m which is split into two tranches: MT282 of £2m and MT283 of £1.5m.
Unlike other MoneyThing loans which are first funded by MoneyThing before being made available to lenders on the platform, due to the size of this loan, we will be asking lenders to fund the loan before drawdown. The two tranches will each run in succession for a two week marketing period beginning today at 4pm with MT282 with MT283 available from 4pm on 27th November. Details are as follows:
Tranche 1 (MT282) The first tranche will be offered for a marketing period of two weeks to attract pledges from investors. Upon successfully raising £2m, the borrower will drawdown the funds and MoneyThing will take a 1st charge on the property. At this point, the loan tranche will start earning interest for the investors at 12% pa.
Tranche 2 (MT283) The second tranche will be run immediately after the completion of Tranche 1 and will be offered for a marketing period of two weeks to attract pledges from investors. Upon successfully raising the further £1.5m, the borrower will drawdown the funds and investors will start earning interest at 12% pa.
Best regards,
Sian
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Post by SianThing on Dec 1, 2015 16:17:30 GMT
Good afternoon everyone!
Our first Broadoak Private Finance loan is now available to view on the platform and will be going live at 10am tomorrow morning (02/12/15).
There will a maximum bid restriction of £3,900 per person for the first 24 hours.
Kind regards,
Sian
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Post by SianThing on Dec 3, 2015 12:12:17 GMT
Hello everyone!
We are extremely pleased to bring you our first two loans with our new partner Asset Exchange.
These loans are managed portfolios and are available to preview now. They will go live at 4pm this afternoon and will have a maximum bid restriction of £1,250 for the first 24 hours.
Best regards,
Sian
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Post by MoneyThing on Dec 4, 2015 14:43:58 GMT
Hello everyone! We are extremely pleased to bring you our first two loans with our new partner Asset Exchange. These loans are managed portfolios and are available to preview now. They will go live at 4pm this afternoon and will have a maximum bid restriction of £1,250 for the first 24 hours. Best regards, Sian I was surprised to see these loans this morning when I logged in to try out the new secondary market. In all the excitement did someone forget to send out the email? Afternoon mikeh. I have just checked and you were on the distribution list for the announcement of this loan. Perhaps it is lingering in your junk? Regards, Ed.
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