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Post by ablrate on Oct 12, 2018 14:59:37 GMT
Not the ideal result, but there is still ample security and 13%. I would guess that if you create an offer that it will get bought. I'm not currently in this loan, but when I looked earlier it's only showing as paying 10%. I would be tempted at 13% but is that only for existing holders?! Tremendously good point we need to change the wording so this is obvious. It for anyone who holds the loan
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blender
Member of DD Central
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Post by blender on Oct 12, 2018 15:49:04 GMT
While you are at it, you might attend to this title:
'Oct 2012 2nd Addendum Page - PLEASE READ'
Some admin notes would be nice.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 383
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Post by brianlom1 on Oct 12, 2018 16:05:40 GMT
ablrate - there are currently 4 offers, all at 100% but with 2 significantly different yields
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Post by ablrate on Oct 12, 2018 16:19:11 GMT
ablrate - there are currently 4 offers, all at 100% but with 2 significantly different yields that will have been when were changing the cashflows.. should be all good now EDIT: we have reset the secondary market on this loan... so all yields will calculate on the new cashflows
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ptr120
Member of DD Central
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Post by ptr120 on Oct 12, 2018 17:04:28 GMT
I'm not currently in this loan, but when I looked earlier it's only showing as paying 10%. I would be tempted at 13% but is that only for existing holders?! Tremendously good point we need to change the wording so this is obvious. It for anyone who holds the loan While you are at it, the email notifications that confirm a payment has been made also show 10%. I think there are one or two other loans where the rate has changed but the email notifications incorrectly state the wrong interest rate.
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nw99
Posts: 340
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Post by nw99 on Oct 12, 2018 23:19:59 GMT
Good offer at 100 lifted a load there
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Post by ablrate on Oct 15, 2018 8:42:24 GMT
Thanks - we are getting things changed
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SteveT
Member of DD Central
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Post by SteveT on Oct 15, 2018 8:58:32 GMT
Hadn't paid much attention to this loan before but, once the displayed rate is corrected, I reckon it will flip like a good-un. Happily, I had some idle cash ready to accept the 100% offers
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ptr120
Member of DD Central
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Post by ptr120 on Jun 24, 2019 21:43:18 GMT
Hi ablrate how are parts sales going? Is the borrower continuing to notify you of sales and pass on the funds? I'm consious of the fact that the security is increasingly liquid as the aircraft is parted out.
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Post by ablrate on Jun 25, 2019 15:23:57 GMT
Hi ablrate how are parts sales going? Is the borrower continuing to notify you of sales and pass on the funds? I'm consious of the fact that the security is increasingly liquid as the aircraft is parted out. We receive all sales invoices from the consignee with funds ring fenced for pay down of the loan.
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boundah
Member of DD Central
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Post by boundah on Jul 12, 2019 17:16:09 GMT
Admin note added. Good news!
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KoR_Wraith
Member of DD Central
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Post by KoR_Wraith on Jul 13, 2019 6:38:54 GMT
It seems the sale of parts is progressing rather more slowly than we were led to believe would be the case. The security was recently valued at $1.6M, but that's assuming there's demand for all 600 parts. Something to keep in mind.
I've been a regular buyer of this loan but will hold off further purchases for the moment.
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blueblazer
Member of DD Central
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Post by blueblazer on Oct 11, 2019 10:54:55 GMT
Due for settlement tomorrow October 12th.
What's the chances of another successful loan completion?
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blueblazer
Member of DD Central
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Post by blueblazer on Oct 11, 2019 22:15:56 GMT
Due for settlement tomorrow October 12th.
What's the chances of another successful loan completion?
None it would appear. Another extension being processed.
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ptr120
Member of DD Central
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Post by ptr120 on May 19, 2020 17:42:58 GMT
Hi ablrate a few questions on this loan: The interest rate is still showing as 10% when I believe it is in fact 13%. Please can this be updated? According to the admin notes it looks like the last repayment of capital due to parts sales was in July last year. Can we have an update on sales please? (most maintenance in Q3 / 4 would suggest we should have had something since then. Are 90% of parts sales, or 80% of parts sales revenue mandated to us? Both figures are mentioned in the addendum and I'm a bit confused as to what currently applies here. Please can you also confirm that the insurance cover is still in place? A previous update stated that it was in place until April 2020. Finally, chances of full repayment by October, vs. another extension?
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