elliotn
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Post by elliotn on Mar 26, 2018 8:57:41 GMT
Only question would be the turnover threshold required for bank finance - reviews a good sign, out of town, empty car park less so - everything else seems to be on track.
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nd
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Post by nd on Mar 30, 2018 7:56:10 GMT
Only question would be the turnover threshold required for bank finance - reviews a good sign, out of town, empty car park less so - everything else seems to be on track. I like this loan and am happy for re-financing to take a while!
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elliotn
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Post by elliotn on Mar 30, 2018 8:13:16 GMT
Only question would be the turnover threshold required for bank finance - reviews a good sign, out of town, empty car park less so - everything else seems to be on track. I like this loan and am happy for re-financing to take a while! You've now reached the DDC threshold. Go and have a look at the Coll administrator's progress report for something you will be less happy taking a while.
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mouse
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Post by mouse on Mar 31, 2018 8:22:30 GMT
Just a comment to say 1 & 9 probably sell better because those are probably the ones people come across first when scrolling up or down the available loans list .. and there is a feedback effect, where once the queues get small, they appear to be more attractive to buy ('because they'd sell easier'). I suppose this must be the case.the other day i sold 300 quid of wigan 1 in a few mins, yet my 2 and 4 remain in the SM que for over a mnth as yet unsold.
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spiral
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Post by spiral on Mar 31, 2018 9:55:11 GMT
I suppose this must be the case.the other day i sold 300 quid of wigan 1 in a few mins, yet my 2 and 4 remain in the SM que for over a mnth as yet unsold. And this is why MT should merge additional tranches with the original at the earliest opportunity. There's not much that Lendy do better than MT but this is one of them.
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archie
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Post by archie on Mar 31, 2018 10:01:23 GMT
I suppose this must be the case.the other day i sold 300 quid of wigan 1 in a few mins, yet my 2 and 4 remain in the SM que for over a mnth as yet unsold. And this is why MT should merge additional tranches with the original at the earliest opportunity. There's not much that Lendy do better than MT but this is one of them. If I were selling, which I'm not, I'd much rather have 9 chances than 1.
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guff
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Post by guff on Mar 31, 2018 10:06:30 GMT
And this is why MT should merge additional tranches with the original at the earliest opportunity. There's not much that Lendy do better than MT but this is one of them. If I were selling, which I'm not, I'd much rather have 9 chances than 1. It was very useful for replenishing the cash ISA pot before the end of the tax year - sell 1&9 in March, buy 3-8 in April. Try doing that on the good ship SS Cash Cowes.
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Post by Companion Cube on Apr 11, 2018 20:51:22 GMT
I'm stuck in the sale queue for tranche 8, it's just not selling at all. I don't mind waiting for it to be repaid (if I believe it will repay) but I've lost all confidence in MT property loans and am fearful that it will be the next default and I can't get out.
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hazellend
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Post by hazellend on Apr 11, 2018 21:00:17 GMT
I'm stuck in the sale queue for tranche 8, it's just not selling at all. I don't mind waiting for it to be repaid (if I believe it will repay) but I've lost all confidence in MT property loans and am fearful that it will be the next default and I can't get out. Always assess your risk tolerance before getting into any investment. You just have to sit tight till the end now, no point in stressing about it. I still ❤️ Moneything
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ptr120
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Post by ptr120 on Apr 11, 2018 21:21:06 GMT
I think that this is a good loan that I'm content to hold for now. I do think it is funny that there is no availability of some tranches but high availability of others. With the benefit of hindsight I wonder if it would have been better for all tranches to be merged once all drawn down.
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Post by df on Apr 11, 2018 21:33:22 GMT
I'm stuck in the sale queue for tranche 8, it's just not selling at all. I don't mind waiting for it to be repaid (if I believe it will repay) but I've lost all confidence in MT property loans and am fearful that it will be the next default and I can't get out. I'm not too worried about Wigan, it has been performing well so far and it is quite solid in comparison with some other property loans on MT and beyond.
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sapphire
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Post by sapphire on Apr 12, 2018 9:31:42 GMT
I'm stuck in the sale queue for tranche 8, it's just not selling at all. I don't mind waiting for it to be repaid (if I believe it will repay) but I've lost all confidence in MT property loans and am fearful that it will be the next default and I can't get out. Are your fears based on some objective factors or just a gut feeling? Even if lets say it defaults, and the repayment is delayed, do you fear you will lose some of your capital? If so, why? (Having regard to the current status and info available this appears unlikely, so would be interested to know if I have missed something).
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Post by Companion Cube on Apr 12, 2018 10:57:41 GMT
Are your fears based on some objective factors or just a gut feeling? Even if lets say it defaults, and the repayment is delayed, do you fear you will lose some of your capital? If so, why? (Having regard to the current status and info available this appears unlikely, so would be interested to know if I have missed something). Just a gut feeling really, nothing rational. It's all about fear of losing capital for me. I have loan parts in loans based around Lytham, Plymouth and Prestbury and I have no confidence in MTs ability to recover defaulted property loans without loss or scrutinise borrowers thoroughly enough. I'm happy to see it through to term but the stuck SM at the moment does not communicate to me investor confidence.
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r00lish67
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Post by r00lish67 on Apr 12, 2018 11:06:47 GMT
I'm stuck in the sale queue for tranche 8, it's just not selling at all. I don't mind waiting for it to be repaid (if I believe it will repay) but I've lost all confidence in MT property loans and am fearful that it will be the next default and I can't get out. Are your fears based on some objective factors or just a gut feeling? Even if lets say it defaults, and the repayment is delayed, do you fear you will lose some of your capital? If so, why? (Having regard to the current status and info available this appears unlikely, so would be interested to know if I have missed something). With that post, I was more curious about how one can achieve the peculiar state of not minding waiting for it to be repaid whilst being fearful that it will be the next default and also not knowing whether they themselves believe it will repay. But then, it did come from a cube, and I'm just a robot, so who can say? For what it's worth re: this loan, given that the hotel is demonstrably open and has very good reviews, the remaining question mark is just over how good the trading has been to permit the refinance. Good reviews and reasonable pricing in combination with the brand name should take it through, I'd be surprised if it didn't, but we can but wait and see. It looks like they're selling rooms for £94 on booking.com this weekend, which is pretty bullish compared to previous prices I've seen for the hotel. To answer your other question - if trading did turn out to be appalling, losing capital would be smooth and easy. The next bidder for the hotel would want a massive discount to make it viable and we'd pay for that*. But, again, that's hopefully unlikely. There are so many other loans in far more questionable positions on MT. *and even worse than losing capital, it would probably become a Days inn or Travelodge.
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Post by Companion Cube on Apr 12, 2018 13:27:16 GMT
With that post, I was more curious about how one can achieve the peculiar state of not minding waiting for it to be repaid whilst being fearful that it will be the next default and also not knowing whether they themselves believe it will repay. But then, it did come from a cube, and I'm just a robot, so who can say? To clarify: I wouldn't mind waiting for it to be repaid if I had confidence in MT but as I don't, I am fearful that it will be the next default.For what it's worth re: this loan, given that the hotel is demonstrably open and has very good reviews, the remaining question mark is just over how good the trading has been to permit the refinance. Good reviews and reasonable pricing in combination with the brand name should take it through, I'd be surprised if it didn't, but we can but wait and see. It looks like they're selling rooms for £94 on booking.com this weekend, which is pretty bullish compared to previous prices I've seen for the hotel. To answer your other question - if trading did turn out to be appalling, losing capital would be smooth and easy. The next bidder for the hotel would want a massive discount to make it viable and we'd pay for that*. But, again, that's hopefully unlikely. There are so many other loans in far more questionable positions on MT. *and even worse than losing capital, it would probably become a Days inn or Travelodge.
My bold above. Generally speaking, I am comforted by the majority of responses that disagree with me. I really would like my concerns to be unfounded and eventually leave MT intact.
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