nush
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BPF311
Jan 1, 2016 19:47:49 GMT
Post by nush on Jan 1, 2016 19:47:49 GMT
how do i invest in this, ive looked and as far as i can see i have to wait until 1600 hours on 4th to try and invest in it, is that correct.
thanks
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SteveT
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BPF311
Jan 1, 2016 19:51:49 GMT
via mobile
nush likes this
Post by SteveT on Jan 1, 2016 19:51:49 GMT
That's right. It won't last long though (I reckon a few minutes)
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nush
Member of DD Central
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BPF311
Jan 1, 2016 19:57:30 GMT
Post by nush on Jan 1, 2016 19:57:30 GMT
thanks, i was just confused as it says someone has already invested in it.
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ben
Posts: 2,020
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Post by ben on Jan 1, 2016 20:01:20 GMT
the person that has already invested is broadoak finance who are investing 5% in all the loans to begin with, I doubt this one will last long either
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am
Posts: 1,495
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BPF311
Jan 2, 2016 9:53:45 GMT
Post by am on Jan 2, 2016 9:53:45 GMT
That's right. It won't last long though (I reckon a few minutes) As it's a second tranche, many of the people who invested in the first tranche will be giving it a miss, so it might take a bit longer.
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ben
Posts: 2,020
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BPF311
Jan 2, 2016 10:58:59 GMT
Post by ben on Jan 2, 2016 10:58:59 GMT
That's right. It won't last long though (I reckon a few minutes) As it's a second tranche, many of the people who invested in the first tranche will be giving it a miss, so it might take a bit longer. It all ranks the same so I would think if people did not get what they wanted first time round would give it a go again
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ben
Posts: 2,020
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BPF311
Jan 2, 2016 19:18:20 GMT
Post by ben on Jan 2, 2016 19:18:20 GMT
someone put up a about a £1000 of the previous one a little bit ago and it went in a few minutes so looks like some are still wanting that loan
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locutus
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BPF311
Jan 4, 2016 14:51:47 GMT
Post by locutus on Jan 4, 2016 14:51:47 GMT
As it's a second tranche, many of the people who invested in the first tranche will be giving it a miss, so it might take a bit longer. It all ranks the same so I would think if people did not get what they wanted first time round would give it a go again Can someone explain how this works? If I invested in the first tranche at a specified LTV, does that second tranche increase the LTV on which I originally based my investment decision?
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SteveT
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Post by SteveT on Jan 4, 2016 15:06:00 GMT
It all ranks the same so I would think if people did not get what they wanted first time round would give it a go again Can someone explain how this works? If I invested in the first tranche at a specified LTV, does that second tranche increase the LTV on which I originally based my investment decision? See the notes to the original loan (on the MT website): Please note that the borrower may seek a further £250,000 on this facility on a pari passu basis with the initial loan. However, extra funds will only be released on sign-off from the monitoring surveyor and valuer on progress of the works and increased valuation. The LTV on the total amount drawn will remain at 65% or lower throughout the course of the loan. Broadoak will increase its first loss investment with any further drawdowns, so that it is always at least 5% of the total amount drawn.
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ilmoro
Member of DD Central
'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 Jan 4, 2016 15:09:29 GMT
It all ranks the same so I would think if people did not get what they wanted first time round would give it a go again Can someone explain how this works? If I invested in the first tranche at a specified LTV, does that second tranche increase the LTV on which I originally based my investment decision? Its explained at the bottom of the write up of the first loan - bit in orange. Basically the value of the security should increase as work is completed so the LTV of the first loan falls over time. Therefore the top up amount will only take the LTV back to where it was when the first loan was launched. The second tranche is only being released once the monitoring surveyor & valuer has signed off to say that the work completed has increased the value of the site sufficiently to keep the LTV at below the original 65%. So in a nutshell - no However, if you based your decision on a declining LTV then it will delay that Edit SteveT cheated by just cutting & pasting 
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SteveT
Member of DD Central
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BPF311
Jan 4, 2016 16:02:56 GMT
Post by SteveT on Jan 4, 2016 16:02:56 GMT
That's right. It won't last long though (I reckon a few minutes) As it's a second tranche, many of the people who invested in the first tranche will be giving it a miss, so it might take a bit longer. 90% filled after 2 minutes [And all but £55 gone after 20 minutes 11 minutes 24 seconds]
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ablender
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BPF311
Jan 4, 2016 16:16:32 GMT
Post by ablender on Jan 4, 2016 16:16:32 GMT
Can someone explain how this works? If I invested in the first tranche at a specified LTV, does that second tranche increase the LTV on which I originally based my investment decision? Its explained at the bottom of the write up of the first loan - bit in orange. Basically the value of the security should increase as work is completed so the LTV of the first loan falls over time. Therefore the top up amount will only take the LTV back to where it was when the first loan was launched. The second tranche is only being released once the monitoring surveyor & valuer has signed off to say that the work completed has increased the value of the site sufficiently to keep the LTV at below the original 65%. So in a nutshell - no However, if you based your decision on a declining LTV then it will delay that Edit SteveT cheated by just cutting & pasting No Stevet used a bot.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,879
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Post by ilmoro on Jan 4, 2016 16:28:07 GMT
As it's a second tranche, many of the people who invested in the first tranche will be giving it a miss, so it might take a bit longer. 90% filled after 2 minutes [And all but £55 gone after 20 minutes] 11min 24sec according to the log. Somebody's clock out? Chucked my £7 in for the fun of it
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SteveT
Member of DD Central
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BPF311
Jan 4, 2016 16:33:08 GMT
Post by SteveT on Jan 4, 2016 16:33:08 GMT
11min 24sec according to the log. Somebody's clock out? Chucked my £7 in for the fun of it Must not have refreshed for a while!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,879
Likes: 11,104
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BPF311
Jan 4, 2016 16:35:47 GMT
Post by ilmoro on Jan 4, 2016 16:35:47 GMT
11min 24sec according to the log. Somebody's clock out? Chucked my £7 in for the fun of it Must not have refreshed for a while! What! Dont you have a bot to do that for you? Apparently they are all the rage, need to keep up with the times!  (No, me neither)
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