mikes1531
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Post by mikes1531 on Jan 30, 2016 21:43:08 GMT
What do people think of the £6m bridge coming up in February?
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
This loan is so much larger than anything AC have done before that I'm concerned about how easy/difficult it might be to sell parts on the SM. Perhaps AC's institutional investors will be happy to take a large chunk of this loan and keep it for the duration. If not, I'd expect there to be a lot of this loan available for a fair while. (Even if the QAA were able to take on a huge chunk of it, the QAA would want to reduce its holdings as new loans came along, and that could mean a steady supply of parts being released for resale.) Anyone wanting to liquidate their position may find there are a lot of other investors trying to do the same. And with such a large supply, I'd think that anyone wanting to invest would be able to obtain all the parts they want reasonably early on so, unless they decide they want to increase their position, there won't be a huge number of buyers later.
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Post by bracknellboy on Jan 30, 2016 22:29:58 GMT
Does anyone have sufficient knowledge of the appropriate applicable planning / preservation rules in that part of the world to know whether the fact that the 'old' version of the primary property that is within the same grounds is a scheduled monument has any potential impact that we should be considering ?
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mikes1531
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Post by mikes1531 on Jan 31, 2016 3:31:08 GMT
AC got away the £3.3mm care home last year ... Isn't that the loan that AC had to offer cashback on in order to entice lenders to transfer their investments from a previous loan to the same borrower that was being replaced by the current loan? (I can't check that out at the moment because the AC website says it "is temporarily unavailable while we perform essential maintenance.")
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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 Jan 31, 2016 10:51:04 GMT
AC got away the £3.3mm care home last year ... Isn't that the loan that AC had to offer cashback on in order to entice lenders to transfer their investments from a previous loan to the same borrower that was being replaced by the current loan? (I can't check that out at the moment because the AC website says it "is temporarily unavailable while we perform essential maintenance.") yes thats the one. The one where we all had our dictionaries out because simultaneously and contemporaneously turned out to mean a month apart and the 1% was less of an incentive than expected.
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Post by Ton ⓉⓞⓃ on Jan 31, 2016 11:01:10 GMT
Isn't that the loan that AC had to offer cashback on in order to entice lenders to transfer their investments from a previous loan to the same borrower that was being replaced by the current loan? (I can't check that out at the moment because the AC website says it "is temporarily unavailable while we perform essential maintenance.") yes thats the one. The one where we all had our dictionaries out because simultaneously and contemporaneously turned out to mean a month apart and the 1% was less of an incentive than expected. What was the other word that eventually come out, something like coterminous?
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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 Jan 31, 2016 11:42:23 GMT
yes thats the one. The one where we all had our dictionaries out because simultaneously and contemporaneously turned out to mean a month apart and the 1% was less of an incentive than expected. What was the other word that eventually come out, something like coterminous? Yes but that was for the voted down second charge loan p2pindependentforum.com/post/78441/thread
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oldgrumpy
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Post by oldgrumpy on Jan 31, 2016 11:55:52 GMT
If your name is Eccles you can shut up!If it isn't, don't shut up. If you understand all that, it dates you!! ( errr ... and me!)  Guess I'm sufficiently dated too. All is now clear. You're really Neddie Seagoon in a cunning disguise and I expect you keep your bananas loaded!  More like Dennis "no more curried eggs for me" Bloodnok!
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tonyr
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Post by tonyr on Jan 31, 2016 12:19:07 GMT
What do people think of the £6m bridge coming up in February?
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
This loan is so much larger than anything AC have done before that I'm concerned about how easy/difficult it might be to sell parts on the SM. Perhaps AC's institutional investors will be happy to take a large chunk of this loan and keep it for the duration. If not, I'd expect there to be a lot of this loan available for a fair while. (Even if the QAA were able to take on a huge chunk of it, the QAA would want to reduce its holdings as new loans came along, and that could mean a steady supply of parts being released for resale.) Anyone wanting to liquidate their position may find there are a lot of other investors trying to do the same. And with such a large supply, I'd think that anyone wanting to invest would be able to obtain all the parts they want reasonably early on so, unless they decide they want to increase their position, there won't be a huge number of buyers later. Well my money is on it shifting quickly (literally). I think the drought has gone on for long enough that AC have £6m of cash waiting. With "10,000 lenders on the books," that's only £600 per lender on the books. Sure, some of those will have signed up and never used the platform, but many will also want more than £600 and all the various flavours of underwriters won't release all their funds at once, so I think liquidity won't be a problem.
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SteveT
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Post by SteveT on Feb 3, 2016 14:00:10 GMT
#230 (S**** W**** Intl. Ltd) has just drawn down.
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mikes1531
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Post by mikes1531 on Feb 3, 2016 16:19:55 GMT
#230 (S**** W**** Intl. Ltd) has just drawn down. ... and there don't seem to have been a lot of buying orders placed. I put in a £1000 request, thinking I'd be lucky to get £500 because it's a small loan, but I received my full request. I wonder what the maximum allocation was? Have AC turned a corner?
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oldgrumpy
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Post by oldgrumpy on Feb 3, 2016 16:29:44 GMT
#230 (S**** W**** Intl. Ltd) has just drawn down. ... and there don't seem to have been a lot of buying orders placed. I put in a £1000 request, thinking I'd be lucky to get £500 because it's a small loan, but I received my full request. I wonder what the maximum allocation was? Have AC turned a corner? I think so. Lower rate loans generally, (and several this week to share our orders) .  + A 12% biggun lying in wait.
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bg
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Post by bg on Feb 3, 2016 17:56:26 GMT
... and there don't seem to have been a lot of buying orders placed. I put in a £1000 request, thinking I'd be lucky to get £500 because it's a small loan, but I received my full request. I wonder what the maximum allocation was? £1,593.43
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mikes1531
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Post by mikes1531 on Feb 3, 2016 18:40:33 GMT
... and there don't seem to have been a lot of buying orders placed. I put in a £1000 request, thinking I'd be lucky to get £500 because it's a small loan, but I received my full request. I wonder what the maximum allocation was? £1,593.43 Wow! Rather late to be of any use, but I see AC have added some info to the loan's Overview... So only £40k went to MLIAs, and the maximum allocation was 4% of that.
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tonyr
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Post by tonyr on Feb 3, 2016 19:39:28 GMT
Wow! Rather late to be of any use, but I see AC have added some info to the loan's Overview... So only £40k went to MLIAs, and the maximum allocation was 4% of that. We saw quite a lot of market activity over the last few days as the £6m was made available for drawdown, but nothing like what I was expecting. My previous prediction that a £6m loan would "free up a lot of decent loans for first time MLIA users" seems to have been unduly optimistic. Sure, you could buy many £k at 9.75% of quite a few wind turbines loans but I was really hoping for loan parts to be available on the market for more than a few hours. Until that happens any new investor with more than £10k to invest will be put off as they'll rightly worry that it'll take too long to get a decent return. So well done to AC for pulling off the biggest loan yet and let's hope that they can find many more similar loans. Exponential growth is the only way to win the market at this stage but it's really tough to pull off.
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am
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Post by am on Feb 3, 2016 19:52:51 GMT
So well done to AC for pulling off the biggest loan yet and let's hope that they can find many more similar loans. Exponential growth is the only way to win the market at this stage but it's really tough to pull off. The £6m loan hasn't been drawn down yet - it is scheduled for drawdown on Friday.
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