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Post by ablrate on Feb 8, 2016 19:36:54 GMT
I see the original loan is now 'paused' - any updates re going live tomorrow ablrate ablrateandy ? Hi Guys The loan is live. We will be pausing the other one as we do the mechanics of changing it over... off for a glass of wine and some scran... long day! Regards Ablrate
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jonah
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Post by jonah on Feb 8, 2016 19:52:26 GMT
Slightly puzzled by this new loan. It seems to be very similar to the previous one, but with some of the numbers tweaked a little, i.e. the previous one was to replace a loan which was at 10%+, now this one is at 13%+. I get the whole, "this is a bigger version" part, but... Am I just misreading this?
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mikeh
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Post by mikeh on Feb 8, 2016 20:03:30 GMT
As I understand it, the old loan and the new loan will be harmonised at 13% each.
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jonah
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Post by jonah on Feb 8, 2016 20:12:57 GMT
As I understand it, the old loan and the new loan will be harmonised at 13% each. I get that. What I don't quite get is the reason for the extra cash and why the extra 3% for us. I like the extra 3% obviously, but don't quite understand it.
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blender
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Post by blender on Feb 8, 2016 20:24:41 GMT
Probably the short duration, and the size. I'm happy.
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stevio
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Post by stevio on Feb 8, 2016 20:51:02 GMT
ablrateandy ablrateWhats the estimate on the rest of the pipeline? Just wondering whether to stuff a load into this one or just a bit and wait for the others? Any ideas on whether the others will have restrictions on amount can invest? Thanking yow
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pom
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Post by pom on Feb 8, 2016 22:59:47 GMT
Woohoo... how nice not to have to do FF for once (would have had no chance this eve)... now, what's next ??
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stevio
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Post by stevio on Feb 9, 2016 3:32:08 GMT
ablrateandy how does the underwritten and invested bars work? I'm presuming that as they are not combined that the underwriting only applies if you can't fill the loan from investment?
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Post by ablrateandy on Feb 9, 2016 3:34:41 GMT
Underwritten = pledged but not yet invested
So the underwritten amount is an amount used to top up the invested amount as and when needed.
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duck
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Post by duck on Feb 9, 2016 7:13:40 GMT
Hi Guys The loan is live. We will be pausing the other one as we do the mechanics of changing it over... off for a glass of wine and some scran... long day! Regards Ablrate Well I had already settled down last evening when the Email was sent out ........ only to find it at unearthly O'Clock this morning. Your efforts to get this loan out yesterday are appreciated ablrate & ablrateandy Just in case there are some new lenders reading this, the ablrate funding system allows (subject to availability) for you to top up bids as funds become available - no one bid and you can't bid again - which is convenient for me since I've had a couple of early repayments
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Feb 9, 2016 9:43:16 GMT
ablrateandy ablrate Whats the estimate on the rest of the pipeline? Just wondering whether to stuff a load into this one or just a bit and wait for the others? Any ideas on whether the others will have restrictions on amount can invest? Thanking yow I second stevio here. Also transferred some funds and put a chunk in the MSN 532. But wondering should I leave the rest of the money waiting if the loans will get released soon or pile everything into this one and then sell parts via SM for next loans.
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pom
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Post by pom on Feb 9, 2016 9:58:47 GMT
I second stevio here. Also transferred some funds and put a chunk in the MSN 532. But wondering should I leave the rest of the money waiting if the loans will get released soon or pile everything into this one and then sell parts via SM for next loans. Remember that you can't sell whilst it's still funding, so depending on how quick it fills and they complete all the formalities that could potentially be >28 days (cos that's what they've set the funding period to)....tho I sincerely hope we're not going to be waiting THAT long for the next loans..
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Post by ablrate on Feb 9, 2016 10:25:47 GMT
Hi Guys
Thanks for the support on this one by the way, much appreciated.
As you know Andy is working on some container loans and we have some engines loans coming. I will update when we have a timeline.
Regards Ablrate
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Monetus
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Post by Monetus on Feb 9, 2016 11:04:02 GMT
I've committed some more into this one... already hold a good piece of the original and it seems like a solid proposal so happy to increase my holding here.
Great news that the original is being boosted to 13% also!
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 9, 2016 12:33:42 GMT
ablrate. How much are P****** paying for the plane? Original loan says 3m, new loan says 2.4m.
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