gt94sss2
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Post by gt94sss2 on Sept 18, 2016 15:36:22 GMT
Yes, it's a sensible decision by MT - because even if they they could fund the entire Cardiff development the % of their loan book to one borrower would be too high - the same borrower is behind other loans such as one in Bradford on the MT platform as well.
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james
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Post by james on Sept 18, 2016 16:15:02 GMT
just that people who use INPL for parts and then don't follow up promptly with the cash will be likely to find them removed more quickly than usual. I suspect that there are enough big hitters on the SS platform to hoover up the excess. So, for me, it felt like more of a warning to individuals rather than a cry for help. Yes, I agree on all points. I'm confident that the deal will go through, just maybe a little more slowly than anticipated. Still, provided it would be worthwhile given my borrowing costs, I might well do some borrowing to buy secondary market parts to help it work as smoothly as possible. Later... and indeed I did do that, buying all amounts available on two of the refinancing loans and almost all of a third. Which will probably not be true for long as I assume some more will be offered and I won't be buying any more.
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bramhall17
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Post by bramhall17 on Sept 19, 2016 9:56:28 GMT
In respect to the specific thread this does seem prudent and practical by MT. I'll pick it up on SS. I'm relatively new to MT and TBH I'm finding it comparatively hard work to get traction on moving my capital into projects except in 'penny numbers' . This is the disappointment so far.
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ali
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Post by ali on Sept 19, 2016 10:08:11 GMT
In respect to the specific thread this does seem prudent and practical by MT. I'll pick it up on SS. I'm relatively new to MT and TBH I'm finding it comparatively hard work to get traction on moving my capital into projects except in 'penny numbers' . This is the disappointment so far. It is a problem, yes. The best window of opportunity is on the day that a new loan is going live. A number of people will be buying and selling loan parts as they re-balance their portfolio ready for the launch and you can often pick up quite a bit. It's also worth hanging around from about 8am to 10am, if you have the time; people often sell off things around then (presumably because they are intending to withdraw some money from MT). The final opportunity is around midnight to half-past for the late birds who hang on to get the extra day's interest before selling. None of these are guaranteed, of course, but I've managed to get pretty much fully invested apart from the odd loan like Dublin in about a month.
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bramhall17
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Post by bramhall17 on Sept 19, 2016 10:14:32 GMT
Thanks for the input. I'll take your advice on board .
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archie
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Post by archie on Sept 19, 2016 11:06:05 GMT
In respect to the specific thread this does seem prudent and practical by MT. I'll pick it up on SS. I'm relatively new to MT and TBH I'm finding it comparatively hard work to get traction on moving my capital into projects except in 'penny numbers' . This is the disappointment so far. New loans is the best way to get invested in significant amounts. Most investors here renew everything so there's little left to be bought (renewals always seem to be over 90% retained by existing investors).
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Post by jonboy73 on Sept 19, 2016 12:11:26 GMT
SS loan for this going live tomorrow.
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ben
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Post by ben on Sept 19, 2016 12:30:48 GMT
SS loan for this going live tomorrow. So probably be end of week by time MT one closes.
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Post by Deleted on Sept 19, 2016 15:28:00 GMT
Glad to see MT pulled out, I like the fact that he thinks through what his lenders want as well as what his borrowers want. I also like that MT has yet to default. Not defaulting saves the Things money and us. Go look at FS/AC if you want to see a borrower defaulting situation. I think this is more SS's cup of tea and not surprised to see it there. But note that the general relationship and investment efficiencies are not built into SS as they are with MT. You are getting Bridging loans in SS at a questionable rate. Timing is everything.  |
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ben
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Post by ben on Sept 19, 2016 15:38:48 GMT
Glad to see MT pulled out, I like the fact that he thinks through what his lenders want as well as what his borrowers want. I also like that MT has yet to default. Not defaulting saves the Things money and us. Go look at FS/AC if you want to see a borrower defaulting situation. I think this is more SS's cup of tea and not surprised to see it there. But note that the general relationship and investment efficiencies are not built into SS as they are with MT. You are getting Bridging loans in SS at a questionable rate. Timing is everything. I doubt MT pulled out as they thought was issue with the loan or the borrorower, they just accepted that it was unlikely they would be able to raise sufficent funds for the full project as well as launch other loans. The loan is the same so either you are happy with the loan or not I do not think it makes any difference to us investors which platform actually holds it.
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Post by Deleted on Sept 19, 2016 15:45:30 GMT
ben, I roughly agree, but, I have a different much larger limit on total MT loans to total SS loans, so while it may not make a difference in general, I quiet like getting the MT seal of approval on a SS loan. |
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ali
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Post by ali on Sept 19, 2016 15:48:57 GMT
ben, I roughly agree, but, I have a different much larger limit on total MT loans to total SS loans, so while it may not make a difference in general, I quiet like getting the MT seal of approval on a SS loan. I'm not sure I do. It's the same security, which is a very important part of it, but it's not the same loan. 13% vs. 12% and a higher LTV on SS (MT has a slice at 19% which I was very pleased to be holding).
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ben
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Post by ben on Sept 19, 2016 15:53:11 GMT
ben, I roughly agree, but, I have a different much larger limit on total MT loans to total SS loans, so while it may not make a difference in general, I quiet like getting the MT seal of approval on a SS loan. I'm not sure I do. It's the same security, which is a very important part of it, but it's not the same loan. 13% vs. 12% and a higher LTV on SS (MT has a slice at 19% which I was very pleased to be holding). If the loan had remained on MT like I would guess was orginally planned except for the parts at 13% the LTV would have gone up during the loan.
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ali
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Post by ali on Sept 19, 2016 16:01:09 GMT
I'm not sure I do. It's the same security, which is a very important part of it, but it's not the same loan. 13% vs. 12% and a higher LTV on SS (MT has a slice at 19% which I was very pleased to be holding). If the loan had remained on MT like I would guess was orginally planned except for the parts at 13% the LTV would have gone up during the loan. Ah, well. Now that's a different question. I've got very little idea what our borrower and MT had originally planned. My hunch is that if MT had sufficient loan diversity to take on the development funding, we would have ended up with a better deal than the SS one, but that's obviously a moot point.
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locutus
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Post by locutus on Sept 19, 2016 16:02:15 GMT
I have spoken before about MT's various policies discouraging investment from BHs and it seems that if they were to reconsider, they would be able to fund larger loans like this.
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