stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 12, 2017 13:58:32 GMT
I have just read about the Heathrow book heist at the back end of January. I have just sent a message asking if our collateral is safe. I will post on receiot of an answer.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Feb 13, 2017 12:55:05 GMT
I have just read about the Heathrow book heist at the back end of January. I have just sent a message asking if our collateral is safe. I will post on receiot of an answer. If it's any help, I've spoken to Ashwin who has categorically stated that our books were NOT involved. They are safely stored in Sotheby's, and in any case are doubly insured by them and Unbolted. 
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
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Post by stub8535 on Feb 13, 2017 12:59:53 GMT
Thanks Jonno. Been busy all morning and I was going to ring them this afternoon.
Sometimes, books and art, are taken from their normal secure storage for exhibitions like the one in America. The report didn't mention the Unbolted book but I wanted to establish that it was ok. Same on FS with Italian portfolio. They are also safe.
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ben
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Post by ben on Feb 13, 2017 20:17:06 GMT
If it was one of our books providing the insurance was up to date for us as lenders it would make difference if anything be a good thing as capital would be returned from insurance.
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nush
Member of DD Central
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Post by nush on Mar 20, 2017 18:09:53 GMT
i keep looking at this loan and dont understand why its never been fully subscribed, i have a chunk of it myself and thought about adding to it. its LTV is very good now, so what is the problem with it, any thoughts
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keystone
Member of DD Central
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Post by keystone on Mar 20, 2017 19:04:01 GMT
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elliotn
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Post by elliotn on Mar 21, 2017 1:09:45 GMT
What I wondered was the borrower left out of funds (or did a small platform fund it first?). An update to confirm the exit sale is still in pllace might encourage some further take up ashwinp . |
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ben
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Post by ben on Mar 21, 2017 8:20:35 GMT
I would guess the loan has been unwritten either by the platfom itself or someone else, I doubt the lender could have waited this long for the rest of the money.
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Post by dan1 on Mar 21, 2017 8:31:40 GMT
I would guess the loan has been unwritten either by the platfom itself or someone else, I doubt the lender could have waited this long for the rest of the money. There appear to have been several repayments too, not just regular interest payments
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nush
Member of DD Central
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Post by nush on Mar 21, 2017 10:36:02 GMT
the effective LTV of 34.82% strikes me as a really good for an interest rate of 0.8% per month, i have a fair bit and should be at my limit but this one keeps tempting me to go over my limit.
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ben
Posts: 2,020
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Post by ben on Mar 21, 2017 11:23:14 GMT
I would guess the loan has been unwritten either by the platfom itself or someone else, I doubt the lender could have waited this long for the rest of the money. There appear to have been several repayments too, not just regular interest payments Shows you how much notice I take of the site, never noticed that took an orginal slice and not looked at it since, might have another look then.
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