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Post by toms viventor on Dec 9, 2015 17:08:03 GMT
Hi everyone, I'm a representative of Viventor, and would like to give you all a brief introduction into our platform. We're up and running since late October 2015, offering investments in loans secured by real estate mortgages. Our aim is to serve investors from all over Europe, providing high quality investment opportunities with low levels of risk. In short, here are the main advantages for investors: - Viventor accepts investors from all EEA countries (EU28+Norway, Liechtenstein, Iceland);
- The platform is available in English, German, Russian and French;
- Average LTV is only 28,45%, and the average time to maturity is less than 2 years (21 month at the moment);
- All the investments generate fixed return. In short, this means that you will receive the same amount of interest on month 1 and month 19 (you can read more about this on P2P-banking website:www.p2p-banking.com/investor-calculating-yield-with-xirr/);
- All loans come with 60 day Buyback Guarantee (loan originators will buy back the investments delayed by 60 days or more), and investing is currently free of charge.
I am always happy to answer whatever questions there may be. To find out more and give Viventor a try, visit the platform here!Regards, Toms
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shimself
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Post by shimself on Dec 9, 2015 20:00:55 GMT
I am always happy to answer whatever questions there may be. To find out more and give Viventor a try, visit the platform here! Regards, Toms OK here goes Please show territory (country) for each loan on the lists page - those of us who have been bruised by Bondora want to know. And in fact all the loans seem to originate from Spain, and possibly from one Spanish lender called Krata who is seeking to sell on their loan book, is that right? I would have to know an awful lot more before getting into this, first of all some figures concerning Krata's business, how much can we rely on them. Do you understand what the borrowers are doing with the loans, they seem quite sizeable amounts eg 50k€ being repaid inside 2 years, maybe I move in the wrong circles but I don't think there are many individuals who can afford to pay back at that rate who need to borrow at (over 10% maybe 15-20% even). Why is all the action in the Baltic states? Best of luck
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Post by toms viventor on Dec 10, 2015 10:19:58 GMT
Hi, thank you for your questions.
The country is not shown in the list view, since we currently have only loans originated in Spain. You can see the Country, City and Street by opening any loan, it is provided in details.
Krata is not the loan originator, but one of the appraisers working with loan originators. They are providing valuations of the underlying properties.
The loans purpose varies from case to case; however, a fair share of the loans currently available are issued for business expansion.
The loan originators evaluate every single deal and its related documentation with uttermost care, signing all of the approved loans together with the borrower and Public Notary.
What concerns the capability of paying back the loans - from what we can tell, that is not an issue. From the 46 loans currently listed on Viventor, we have yet to experience a case when a repayment is delayed.
Let me know, if there is anything else that you would like to clarify!
Toms
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homes119
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Post by homes119 on Dec 10, 2015 12:39:02 GMT
Hello Toms,
I too have a couple of questions at this stage:
1) Are the properties located in Spain? If not, where are they located and how come are they valued and originated from Spain? If yes, how come Viventor is based in Latvia? 2) Does Viventor hold an exclusive relationship with the loan originators? 3) Could you please explain the low LTVs? Does Viventor hold 1st charge on the properties? 4) Is Viventor simply the operator of the platform or do you have responsibility in terms of risk assessment? 5) What % stake, if any, does Viventor hold in the loans?
Many thanks in advance!
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shimself
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Post by shimself on Dec 10, 2015 13:22:06 GMT
Does anyone else in the chain have a stake in the loans or is it all us?
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am
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Post by am on Dec 10, 2015 13:25:13 GMT
What currency are the loans denominated in? (I'd guess that they're in Euros, and UK lenders are exposed to exchange rate risk.)
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shimself
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Post by shimself on Dec 10, 2015 13:25:43 GMT
Hi, thank you for your questions. .. The loans purpose varies from case to case; however, a fair share of the loans currently available are issued for business expansion. .. What concerns the capability of paying back the loans - from what we can tell, that is not an issue. From the 46 loans currently listed on Viventor, we have yet to experience a case when a repayment is delayed. Let me know, if there is anything else that you would like to clarify! Toms Is the loan purpose and affordability explained somewhere, pm me with an example perhaps, am I missing this on the site? 46 loans inside under a year isn't enough to go on really.
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Post by toms viventor on Dec 10, 2015 13:36:28 GMT
Hello Toms, I too have a couple of questions at this stage: 1) Are the properties located in Spain? If not, where are they located and how come are they valued and originated from Spain? If yes, how come Viventor is based in Latvia? 2) Does Viventor hold an exclusive relationship with the loan originators? 3) Could you please explain the low LTVs? Does Viventor hold 1st charge on the properties? 4) Is Viventor simply the operator of the platform or do you have responsibility in terms of risk assessment? 5) What % stake, if any, does Viventor hold in the loans? Many thanks in advance! Hi, 1) Yes, all the properties are located in Spain - you can see more details attached to every individual loan. Viventor has staff both in Latvia and Spain. As we onboard new originators, the list of countries will expand. Currently, it is only Spain. 2) We have partnership agreements in place with both loan originators currently on the platform, and - yes, we are the only platform they are cooperating with. 3) The low LTV's are mainly due to the market specifics in Spain. The supply of non-bank financing is considerably smaller than the demand. And also, of course, it is the policy of the loan originators not to go above 50% LTV. Viventor does not hold any charges on the properties. 4) Viventor is mainly operator of the platform, but we carefully evaluate every single deal prior to listing it on the platform. 5) Viventor does not hold any stake. However, all the loans are pre-funded 100% by the loan originators, and they keep 5% stake in every single deal at the very least. Thus, they clearly have their skin in the game. Thanks for the questions, hope this helps! Toms
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Post by toms viventor on Dec 10, 2015 13:38:55 GMT
What currency are the loans denominated in? (I'd guess that they're in Euros, and UK lenders are exposed to exchange rate risk.) Hi, Yes, they are in Euros. We are exploring several options to diminish the exchange rate risk, such as TransferWise. I'll keep you updated on this, thanks for the inquiry! Toms
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Post by toms viventor on Dec 10, 2015 13:41:04 GMT
Does anyone else in the chain have a stake in the loans or is it all us? Hi Steve, All the loans are 100% pre-funded by loan originators, so initially they have the full stake. Also, they keep 5% stake in every single deal at the very least. I'll send you a PM shortly to better understand your other question. Toms
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adrianc
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Post by adrianc on Dec 10, 2015 15:32:19 GMT
Yes, they are in Euros. We are exploring several options to diminish the exchange rate risk, such as TransferWise. <scratches head> How does using a different payment processor/currency converter "diminish the exchange rate risk"? Start-up platform, Latvian firm, Spanish property with no charge against it, £/€ exchange rate risk, almost no investment yet in the loans on the front page... and all for an "average" 6.8%...? Thanks, but not for me.
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Post by toms viventor on Dec 10, 2015 16:06:03 GMT
Yes, they are in Euros. We are exploring several options to diminish the exchange rate risk, such as TransferWise. <scratches head> How does using a different payment processor/currency converter "diminish the exchange rate risk"? Start-up platform, Latvian firm, Spanish property with no charge against it, £/€ exchange rate risk, almost no investment yet in the loans on the front page... and all for an "average" 6.8%...? Thanks, but not for me. Thank you for your opinion, adrianc! To answer your comment: - We are exploring potential solutions to make investing more convenient for non-Eurozone investors. In the meantime, we recommend such solutions as TransferWise. Apologies for the incorrect wording. What I meant was - it ensures you get to exchange your money at comparatively lower costs.
- We have offices in Latvia and Spain. Yes, currently, we only have partners-loan originators from Spain, but this is just the beginning. Is there anything wrong with that?
- Viventor does not hold any charges against underlying properties. The loan originators are the ones holding the charges.
- Loans on the front page are the ones added just last week. And - yes, we are a rather new platform, so majority of stakes in the loans listed are still owned by loan originators.
- The weighted-average interest of the loans listed is indeed 6.82% p.a. fixed.
I am sorry to hear that our offer does suit your preferences. Apart from providing a solution to cope with exchange rate risk, what other features or additions would you be seeking for to give Viventor a try?
Regards, Toms
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Post by webbski9 on Dec 10, 2015 16:13:14 GMT
Hi Toms. Well done with trying to encourage us UK savers but,at the rates on offer ,and the other unknowns mentioned ,its not attractive. We can get 12% + with Twino plus a buy-back guarantee................
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Post by toms viventor on Dec 10, 2015 17:23:37 GMT
Hi webbski9, Understand your point. However, I'd like to emphasise the following points: - Diversifying your investments between various platforms is a good practice. You can read more about it in research by Orchard Platform here.
- Buyback Guarantee is a feature, and it can be added or removed. In the meantime, loan type is a completely different thing that cannot be altered. But, of course, this depends on your risk appetite.
- If you speak specifically about Twino, they also seem to use XIRR method to calculate interest. While this has little effect on short term loans (e.g. a few months), the interest payment amounts are declining for longer maturity loans. In contrary, Viventor offers you fixed interest payments from month to month.
Regarding other unknowns - could you please specify? I am happy to provide answers!
Toms
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Post by lb on Dec 10, 2015 18:49:58 GMT
viventor ... Are you FCA regulated? I couldn't see that you are from your site. If not, would you invest in another platform that wasn't regulated?
Also if you are not FCA regulated how are you allowed to market yourselves to UK investors?
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