ali
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Post by ali on Sept 6, 2016 15:38:53 GMT
Suspect the point was that there aren't many 6 month P2P loans on near-complete residential developments offering 10% for 44% LTV Right. That's certainly very true.
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jonah
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Post by jonah on Sept 6, 2016 20:05:56 GMT
bengilbert , If the loan comes out in the next day or so, a lot of the finer points of this discussion may prove moot (sic) because there's about to be a wall of money from FP's B******* R****** repaid... Don't give them too many ideas... Else it may all go up at the lower yield!
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Post by wickedxuk on Sept 6, 2016 20:06:43 GMT
I'm missing something obvious here. Why is the risk different between the two parts? Surely it's the same risk if they are secured against the same security? Just because they are different loan amounts I'm struggling to see why they are classed as higher and lower risk to each other. It's been a long day. Brain not working. Clearly just missing the obvious! In case of losses, Tranche A is paid first with losses left for Tranche B. Roger that! Thanks!
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stevio
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Post by stevio on Sept 22, 2016 21:19:59 GMT
bengilbert you didn't mention other investors in the loan when initially discussed - that did add further complexity to the live loan
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elliotn
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Post by elliotn on Jul 18, 2018 17:09:42 GMT
... Whether it is really worthwhile for a 66% LTV loan is a mute point. The description "a residential development close to completion with most flats presold and substantial deposits taken" tends to imply this is a relatively low risk opportunity even before the 66% LTV and 5% first loss are taken into account. 13% seems over priced even on an effective second charge basis, so I would expect the B tranche to disappear quickly. The question is the extent to which 10% will drive take up of the A tranche vs 11% for a single tranche. Close to completion implies weather tight, so the chances of major slippage to completeion timescales should be minimal. In that context Tranche B does not sound as risky as some of its junior counterparts on other platforms.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 5, 2018 10:19:17 GMT
Yes, and to my mind Tranche A will be as near as to a gold plated guarantee that you will get with p2p. A lot of us thought the same. And at least one of us therefore went above her personal limit for diversification.
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Post by mattygroves on Sept 5, 2018 11:46:03 GMT
Yes, and to my mind Tranche A will be as near as to a gold plated guarantee that you will get with p2p. A lot of us thought the same. And at least one of us therefore went above her personal limit for diversification. You weren't the only one. I never even considered tranche B but did think A was as safe as we're likely to get with P2P.
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woodie
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Post by woodie on Sept 5, 2018 18:00:24 GMT
Yes, and to my mind Tranche A will be as near as to a gold plated guarantee that you will get with p2p. What an idiot .... oh !
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amwinv
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Post by amwinv on Sept 5, 2018 18:07:54 GMT
Yes, and to my mind Tranche A will be as near as to a gold plated guarantee that you will get with p2p. What an idiot .... oh ! Haha. Man that's gotta sting.
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