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Post by bluechip on Nov 17, 2015 14:55:34 GMT
Like NSinvestor, I want to support the project and hope it enables MT to expand. I want to diversify and I specifically want to transfer some of my larger investments in FC into MT.
Their latest big offer and willingness to adapt shows me they deserve some credit and support. I just hope this support isn't forgotten a few years down the line if they do make it.
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freddy
Member of DD Central
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Post by freddy on Nov 17, 2015 14:58:37 GMT
With the recent bigger loans, there is the opportunity to invest extremely heavily if you so wish, compared to the previous smaller loans Additionally, the loans are for large amounts to only a handful of borrowers, so recently diversification has become tricky. However these are asset backed with individual assets, so only a small collection of lenders is less of a concern than the asset security itself I appreciate the opportunity that Ed/MT has brought to the table, but it does leave me wondering how much I should expose myself too The short time in business, lack of provision fund, no (current) secondary market puts me off compared to some other P2P's. However I have been impressed with the default rate, initial low LTV and Ed's openness to give the lender what they want. I am am sure I am not the only one with this quandary and wondered what others thoughts are? Has your exposure to MT changed? How did you evaluate your limit of exposure? I've been looking at MT to give me some more platform diversification within the secured commercial sector (I invest through SS and Ablrate in the 0-12 month maturities). The jump from upmarket pawnshop type loans to multi-million land/development lending is a very big step that concerns me. Having said all of that, I am going to invest in the new MT282 loan on the basis of slightly irrational logic. My opinion is that if everyone hesitates and waits for the platform to gain a broader investor base/have greater liquidity/have more loans for diversification, it will never get there. It benefits us all to have a wide choice of strong platforms, so I will accept a higher risk than usual in the interests of contributing (hopefully) to the growth and maturity of MT. Likewise......I committed to this loan prior to today's announcement regarding immediate interest payments. If everyone holds back to see what others will do, then this loan will not get off the ground and MT will not develop into the platform we all wish for. Maybe a risk but life is full of risk. A chance I'm willing to take for the excellent returns.
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Monetus
Member of DD Central
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Post by Monetus on Nov 17, 2015 15:29:03 GMT
I have around six figures invested in MT and I have committed a large chunk of this to the new property loan. I am encouraged by the service and communication I've received from MT and like others have said I welcome new platforms offering these types of loans with such excellent returns as it provides further diversification and can only benefit the industry as a whole. More platforms and loan types to invest in is always a good thing in my book.
At the end of the day this is new territory for MT but I welcome them stepping into the bridging arena and how is a platform ever going to expand and provide more opportunity unless it gives things a go? I just hope that enough people place their faith in Ed and the MT team so that this one can get off the ground and we'll hopefully see some welcome further expansion in 2016. From what I have seen so far Ed has investors' best interests at heart and I hope the high level of service continues as the platform continues to grow.
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