ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 18, 2017 10:36:18 GMT
I'm thinking, as an example, of the Discovery on FS here, which, whilst Underwritten, had its fourth Renewal today.
Is there a point at which you wouldn't Renew?
Some take repeated Renewals as a sign that the Borrower really intends to pay off the Loan and is desperate to regain the Asset, but what do my learned Fellow Investors think?
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ben
Posts: 2,020
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Post by ben on Apr 18, 2017 11:17:11 GMT
I'm thinking, as an example, of the Discovery on FS here, which, whilst Underwritten, had its fourth Renewal today. Is there a point at which you wouldn't Renew? Some take repeated Renewals as a sign that the Borrower really intends to pay off the Loan and is desperate to regain the Asset, but what do my learned Fellow Investors think? It depenends on the reason for the renewal, on a fourth renewal I would have given up on the borrower repaying the loan however it is a good sign that the asset is actually worth the full amount so the chances of a full recovery are pretty good.
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Post by dan1 on Apr 18, 2017 11:31:57 GMT
I'm thinking, as an example, of the Discovery on FS here, which, whilst Underwritten, had its fourth Renewal today. The underwritters still appear to be in place, which provides a warm fuzzy feeling if nothing else!
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daveb4
Member of DD Central
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Post by daveb4 on Apr 18, 2017 19:20:41 GMT
Like most lending, depends on the value of the asset and cicumstances at time of renew. Gives opportunity to buy or sell down percentage in debt.
Gold - price going up renew and buy more and vice versa
Single cars - price depreciating one renew?
Development - pre sales possibly buy more - one unit, sell before sales risk etc etc
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