|
|
Post by Collateral Rep on Oct 19, 2016 17:07:45 GMT
Evening,
We have a new loan which will go live on Friday the 21st of October at 10am.
We are providing the same facility as the last grouped asset loan to a Precious Stone Wholesaler and Retailer. This will be their first loan with Collateral and the loan will be £72,000 secured against grouped asset's with a value of £137,000 giving a 52.55% LTV and the loan will have a £500 bid limit.
We will provide a detailed list of the jewellery when we add the loan.
I'll post here again tomorrow and send an email out giving advanced notice.
Many thanks,
Gordon
|
|
stevio
Member of DD Central
Posts: 2,065 
Likes: 894
|
Post by stevio on Oct 21, 2016 9:11:36 GMT
Evening, We have a new loan which will go live on Friday the 21st of October at 10am. We are providing the same facility as the last grouped asset loan to a Precious Stone Wholesaler and Retailer. This will be their first loan with Collateral and the loan will be £72,000 secured against grouped asset's with a value of £137,000 giving a 52.55% LTV and the loan will have a £500 bid limit. We will provide a detailed list of the jewellery when we add the loan. I'll post here again tomorrow and send an email out giving advanced notice. Many thanks, Gordon Hi From the description, it looks like a different borrower to the last grouped asset loan, can you confirm please? How far away are you from implementing a borrower ID so we don't have to ask this question and it becomes more transparent how much we have lent to any one borrower? Thanks!
|
|
|
|
Post by Collateral Rep on Oct 21, 2016 9:16:12 GMT
Hi stevio, Whilst we're waiting for the Borrower ID to be implemented, on the larger loans I've added a section at the bottom of the loan listing "Borrower Loans". This is a new borrower with no other Collateral loans. Many thanks, Gordon |
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Oct 21, 2016 9:33:11 GMT
Oh what a pity, I'm currently out of the UK on a very slow internet connection, and have found it impossible to pick up anything on the SM today - just glad I'd done quite well in the few weeks before I left. But the good news is that I quite easily got some of this in the first few minutes, and half an hour later there's still c£20k/ 30% left, so congratulations collateral and Collateral Rep on setting a much more sensible bid limit this time around.  |
|
|
|
Post by pedz14 on Oct 21, 2016 9:39:53 GMT
Hi,
Would it be possible to have the valuations of each item added to the stock list?
Other than that I think it's went well this morning.
|
|
|
|
Post by Collateral Rep on Oct 21, 2016 9:48:20 GMT
Hi pedz14, This borrower didn't want us to display the individual cost price for each item. Many thanks, Gordon |
|
stevio
Member of DD Central
Posts: 2,065
Likes: 894
|
Post by stevio on Oct 21, 2016 20:07:10 GMT
Hi pedz14, This borrower didn't want us to display the individual cost price for each item. Many thanks, Gordon To allay possibly unnecessary concerns, what was the reason for this?
|
|
fp
Posts: 1,008
Likes: 853
|
Post by fp on Oct 21, 2016 20:29:42 GMT
Could you confirm if some of the items forming part of this loan are from loans which re-paid earlier this week?
Scrub that, just seen my answer in another topic
|
|
