SteveT
Member of DD Central
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Post by SteveT on Apr 25, 2016 12:48:35 GMT
Going like hot cakes now 68% subscribed! LW Now up to £219k invested, but loan is already increased to £300k (towards the maximum of £500k) so I don't think there's any need to panic. This one should be around for a few days yet!
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james
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Post by james on Apr 25, 2016 15:42:52 GMT
Now up to £219k invested, but loan is already increased to £300k (towards the maximum of £500k) so I don't think there's any need to panic. This one should be around for a few days yet! A about 4:42PM it's at £283k invested. There's a fair chance that it'll just all fill to 500k once people get home from work and do their evening investing rounds. My bet is on it filling before noon on Tuesday.
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mickj
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Post by mickj on Apr 25, 2016 17:17:44 GMT
18:15 £300,630.19 invested, Loan size now £350,000.00 so 86% of that invested, going well since 9:30 this morning.
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james
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Post by james on Apr 26, 2016 4:48:34 GMT
At around 5:45 AM it's at 312k invested out of £350k. Maybe I'll be wrong about it filling to 500k before noon today.
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duck
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Post by duck on Apr 26, 2016 6:33:24 GMT
Yes just about to hit £320K which is very good to see even if I failed dismally to move enough money around
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Greenwood2
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Post by Greenwood2 on Apr 26, 2016 7:30:08 GMT
What's the connection between this loan on Abl and the series of loans on MT?
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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 Apr 26, 2016 7:45:07 GMT
What's the connection between this loan on Abl and the series of loans on MT? Underlying borrower the same, although loans distinct due to SPV structure. CG from parent company for both loans. Assets within loans managed by parent, responsible for taking on defaulted assets.
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james
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Post by james on Apr 26, 2016 8:11:50 GMT
What's the connection between this loan on Abl and the series of loans on MT? The current pair at MT are HP backed loans for borrower AE, not stocking loans like this one at Ablrate for borrower ACF. So this Ablrate one is more like ACF371 (same borrower) or AE372 than the currently open AE291/AE392 at MoneyThing. The Ablrate one has a term of 36 months instead of renewing 6 months so the borrower has a longer lock in at the current interest rate with the Ablrate deal and lenders don't get the more assured end of term ever six months exit option but need to use the secondary market to exit before the three years are up. All three (both stocking loans and the AE HP) are good propositions for slightly different reasons IMO. I'll happily have some AE HP and some stocking lending for AE and ACF.
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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: 10,877
Likes: 11,101
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Post by ilmoro on Apr 26, 2016 8:44:55 GMT
What's the connection between this loan on Abl and the series of loans on MT? The current pair at MT are HP backed loans, not stocking loans like this one at Ablrate. So this Ablrate one is more like AE372 than the currently open AE291/AE392 at MoneyThing. In effect the same borrowing firm but different security and of course the Ablrate one has a term of 36 months instead of renewing 6 months so the borrower has a longer lock in at the current interest rate with the Ablrate deal and lenders don't get the more assured end of term ever six months exit option but need to use the secondary market to exit before the three years are up. Both are types good propositions for slightly different reasons IMO. I'm happy to have some AE HP and some AE stocking lending. I think there is some confusion about borrowers here. The ABL loan is to ACF who have 1 stocking loan ACF371 & one loan in the pipeline with MT, they are a different company to AE who have multiple portfolio & a couple of stocking loans (to CLC) with MT. One's based in Leeds the other in Essex.
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james
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Post by james on Apr 26, 2016 11:52:47 GMT
The current pair at MT are HP backed loans, not stocking loans like this one at Ablrate. So this Ablrate one is more like AE372 than the currently open AE291/AE392 at MoneyThing. In effect the same borrowing firm but different security and of course the Ablrate one has a term of 36 months instead of renewing 6 months so the borrower has a longer lock in at the current interest rate with the Ablrate deal and lenders don't get the more assured end of term ever six months exit option but need to use the secondary market to exit before the three years are up. Both are types good propositions for slightly different reasons IMO. I'm happy to have some AE HP and some AE stocking lending. I think there is some confusion about borrowers here. The ABL loan is to ACF who have 1 stocking loan ACF371 & one loan in the pipeline with MT, they are a different company to AE who have multiple portfolio & a couple of stocking loans (to CLC) with MT. One's based in Leeds the other in Essex. Thanks, yes, different firms so while it's still car stocking vs HP I'd have done better by using ACF371 as a stocking loan example rather than AE372. I've edited my posts to make that hopefully clear.
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james
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Post by james on Apr 26, 2016 12:03:26 GMT
At around 5:45 AM it's at 312k invested out of £350k. Maybe I'll be wrong about it filling to 500k before noon today. £380k at 1PM so still a way to go. Drat!
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SteveT
Member of DD Central
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Post by SteveT on Apr 26, 2016 12:13:18 GMT
At around 5:45 AM it's at 312k invested out of £350k. Maybe I'll be wrong about it filling to 500k before noon today. £380k at 1PM so still a way to go. Drat! But noon tomorrow could be about right.
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mickj
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Post by mickj on Apr 26, 2016 18:06:25 GMT
Seems to like 86% filled, now (7pm) £390+k out of 450k invested.
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SteveT
Member of DD Central
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Post by SteveT on Apr 26, 2016 18:23:45 GMT
Seems to like 86% filled, now (7pm) £390+k out of 450k invested. Doubtless it will be increased again to the full £500k once the total invested gets much past £400k
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james
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Post by james on Apr 27, 2016 5:58:02 GMT
394k a with target set at 450k at about 7AM on Wednesday.
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