stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 20, 2017 23:49:01 GMT
Anyone else left scratching their head on the comment " this loan ranks behind all others in the event of default and so has an increased interest rate". Looking at tranche 6 to 8 they carry the same rate as the supplementary. Probably should have been listed at 14 or 15%.
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Post by eascogo on Jan 21, 2017 0:50:02 GMT
Anyone else left scratching their head on the comment " this loan ranks behind all others in the event of default and so has an increased interest rate". Looking at tranche 6 to 8 they carry the same rate as the supplementary. Probably should have been listed at 14 or 15%. Tranches 1 to 5 are listed at 12% but tranches 6 to 8 are at 13%. The last "supplemental" loan (9956936120) should indeed carry a higher interest in line with FS further comments: "This loan is supplemental and therefore, in the event of a default, would fall behind the existing loan". I assume the existing loan represents all 8 tranches, not just tranches 1 to 5 that were at 12%. fundingsecure please clarify this.
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