stokeloans
Member of DD Central
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BL00002
Aug 11, 2016 7:45:42 GMT
via mobile
Post by stokeloans on Aug 11, 2016 7:45:42 GMT
Can someone wiser than me tell my why the valuation has been put at £220,000 when a quick google brings up for sale and auction listings ( now closed) at £75,000 and £50,000 respectively ?
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Post by Collateral Rep on Aug 11, 2016 8:31:28 GMT
Hi stokeloans, This development has planning permission, properties close by to this development have sold at the £200,000 mark which supports the valuation. The loan is due to be redeemed at the end of the month. Many thanks, Gordon
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Post by wickedxuk on Sept 15, 2016 8:04:48 GMT
Can someone shed light on why there is so much of this available? I'm assuming it's all SM sales? Collateral Rep? There is still 200+ days to run and no late/missed payments. Just curious...
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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 Sept 15, 2016 9:06:49 GMT
Can someone shed light on why there is so much of this available? I'm assuming it's all SM sales? Collateral Rep ? There is still 200+ days to run and no late/missed payments. Just curious... Its property and most people get enough elsewhere and prefer the pawn as its different. Its unfilled, not SM availbility, so will be illiquid. Cant say I have looked at proposition but IIRC there was a somewhat lukewarm response.
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Post by wickedxuk on Sept 15, 2016 13:02:49 GMT
Can someone shed light on why there is so much of this available? I'm assuming it's all SM sales? Collateral Rep ? There is still 200+ days to run and no late/missed payments. Just curious... Its property and most people get enough elsewhere and prefer the pawn as its different. Its unfilled, not SM availbility, so will be illiquid. Cant say I have looked at proposition but IIRC there was a somewhat lukewarm response. Thanks ilmoro. So has this even drawndown yet? Has the borrower even received any money? Collateral Rep you may also be able to answer this. As we are earning interest on this loan, if it hasn't drawndown and is not filling (it's been 5 months nearly) is there an intention to withdraw the loan or will it continue until it fully invested?
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fp
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Post by fp on Sept 15, 2016 13:03:15 GMT
I think most people go to Collateral for the pawn items etc, anyone on 12% elsewhere is probably well over exposed to property already, illiquidity is likely another factor for it not being too popular, any SM sales fall behind the platforms own holding, so once you buy in, you are with the loan for the full term in its present state, i've had a "bit" when i've had nowhere to use up odd bits of cash, but wouldn't go in big for my own reasons.
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archie
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Post by archie on Sept 15, 2016 13:06:47 GMT
Its property and most people get enough elsewhere and prefer the pawn as its different. Its unfilled, not SM availbility, so will be illiquid. Cant say I have looked at proposition but IIRC there was a somewhat lukewarm response. Thanks ilmoro . So has this even drawndown yet? Has the borrower even received any money? Collateral Rep you may also be able to answer this. As we are earning interest on this loan, if it hasn't drawndown and is not filling (it's been 5 months nearly) is there an intention to withdraw the loan or will it continue until it fully invested? Wasn't this loan looking to repay shortly?
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Post by wickedxuk on Sept 15, 2016 13:12:03 GMT
I think most people go to Collateral for the pawn items etc, anyone on 12% elsewhere is probably well over exposed to property already, illiquidity is likely another factor for it not being too popular, any SM sales fall behind the platforms own holding, so once you buy in, you are with the loan for the full term in its present state, i've had a "bit" when i've had nowhere to use up odd bits of cash, but wouldn't go in big for my own reasons. I agree with you fp and having invested in this property loan at a time when I wasn't too overly invested in property I can now see that the platform isn't quite set up for them yet. There is hardly any details on the actual loan which is fine for pawn items but for property there needs to be more information and somewhere on the loan page we can be updated on any progress. And be able to check the history of any updates without having to trawl through emails. Something similar to SS would help collateral where there is an updates tab on the loan page.
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fp
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Post by fp on Sept 15, 2016 13:49:56 GMT
I think most people go to Collateral for the pawn items etc, anyone on 12% elsewhere is probably well over exposed to property already, illiquidity is likely another factor for it not being too popular, any SM sales fall behind the platforms own holding, so once you buy in, you are with the loan for the full term in its present state, i've had a "bit" when i've had nowhere to use up odd bits of cash, but wouldn't go in big for my own reasons. I agree with you fp and having invested in this property loan at a time when I wasn't too overly invested in property I can now see that the platform isn't quite set up for them yet. There is hardly any details on the actual loan which is fine for pawn items but for property there needs to be more information and somewhere on the loan page we can be updated on any progress. And be able to check the history of any updates without having to trawl through emails. Something similar to SS would help collateral where there is an updates tab on the loan page.Yes, but we don't want collateral to turn into SS do we, I know I certainly don't, and i'm pretty sure I'm not on my own! Lets just remember, it isn't SS, and thats why some of us like it!
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Sept 15, 2016 14:09:20 GMT
Its property and most people get enough elsewhere and prefer the pawn as its different. Its unfilled, not SM availbility, so will be illiquid. Cant say I have looked at proposition but IIRC there was a somewhat lukewarm response. Thanks ilmoro . So has this even drawndown yet? Has the borrower even received any money? Collateral Rep you may also be able to answer this. As we are earning interest on this loan, if it hasn't drawndown and is not filling (it's been 5 months nearly) is there an intention to withdraw the loan or will it continue until it fully invested? AIUI all loans have already been made by Collateral, and lenders are just buying a share of this.
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Post by wickedxuk on Sept 15, 2016 14:16:19 GMT
I agree with you fp and having invested in this property loan at a time when I wasn't too overly invested in property I can now see that the platform isn't quite set up for them yet. There is hardly any details on the actual loan which is fine for pawn items but for property there needs to be more information and somewhere on the loan page we can be updated on any progress. And be able to check the history of any updates without having to trawl through emails. Something similar to SS would help collateral where there is an updates tab on the loan page.Yes, but we don't want collateral to turn into SS do we, I know I certainly don't, and i'm pretty sure I'm not on my own! Lets just remember, it isn't SS, and thats why some of us like it! I don't think because they put an extra tab with relevant updates on to a loan page means they are turning into SS! They are different because they supply different opportunities for investment. How information is distributed to investors does not change them in to SS copycats. Providing lots of property loans, bridging loans and development loans would - regardless of the layout of the website. I never said I wanted them to turn into SS but if something works it's worth using! I like collateral for the pawn loans, the customer service and speed of deposits and withdrawals. That doesn't mean that there aren't further improvements to the website and overall operation to be made. They are still very new and still have things they can improve upon. TBH I find it quite surprising that they don't have somewhere they could update their investors as borrowers and loans progress/default/miss payments/repay early or simply are just doing everything right and paying on time. Not everyone reads these forums and having to trawl through emails to possibly find something that was emailed out potentially weeks/months ago is impractical and emails can get lost, marked as spam and deleted unintentionally very easily.
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fp
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Post by fp on Sept 15, 2016 15:16:13 GMT
Yes, but we don't want collateral to turn into SS do we, I know I certainly don't, and i'm pretty sure I'm not on my own! Lets just remember, it isn't SS, and thats why some of us like it! I don't think because they put an extra tab with relevant updates on to a loan page means they are turning into SS! They are different because they supply different opportunities for investment. How information is distributed to investors does not change them in to SS copycats. Providing lots of property loans, bridging loans and development loans would - regardless of the layout of the website. I never said I wanted them to turn into SS but if something works it's worth using! I like collateral for the pawn loans, the customer service and speed of deposits and withdrawals. That doesn't mean that there aren't further improvements to the website and overall operation to be made. They are still very new and still have things they can improve upon. TBH I find it quite surprising that they don't have somewhere they could update their investors as borrowers and loans progress/default/miss payments/repay early or simply are just doing everything right and paying on time. Not everyone reads these forums and having to trawl through emails to possibly find something that was emailed out potentially weeks/months ago is impractical and emails can get lost, marked as spam and deleted unintentionally very easily. I know they are different, I was joking, if you have suggestions to make, why not use the suggestions thread?
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fp
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Post by fp on Oct 10, 2016 19:19:18 GMT
Hi stokeloans , This development has planning permission, properties close by to this development have sold at the £200,000 mark which supports the valuation. The loan is due to be redeemed at the end of the month.Many thanks, Gordon Just picking up on this one again Gordon, any news on this one redeeming yet? Collateral Rep
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BL00002
Oct 11, 2016 7:19:00 GMT
fp likes this
Post by Collateral Rep on Oct 11, 2016 7:19:00 GMT
Morning fp, This loan is in legals at the moment and we expect it to redeem in the next two to four weeks. Many thanks, Gordon
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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 Oct 12, 2016 7:29:08 GMT
Morning, We are pleased to confirm that COLBL00002 NEC, B***** has now been repaid in full. All investors should now have their capital along with any outstanding interest credited to their Collateral accounts. Many thanks, Gordon Post this in the right thread Wow, that was quick, yesterday it was 2-4 weeks. What are you feeding the lawyers? Was this a refinance? If so could you let some of the other platforms know your secret as their timescales tend to increase.
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