vmail
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Post by vmail on May 19, 2017 9:29:42 GMT
This is a Lendy loan, not sure which one
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 19, 2017 9:37:25 GMT
This is a Lendy loan, not sure which one PBL174
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nush
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Post by nush on May 19, 2017 9:44:01 GMT
9% lendy.......12% collateral. why move unless lendy charges are much higher than collaterals
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vmail
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Post by vmail on May 19, 2017 9:44:43 GMT
Thanks, I don't see loans below 12%
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tarq
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Post by tarq on May 19, 2017 9:46:15 GMT
So.... where are they then?
I'm sure peeps have money 'burning a hole' after yesterdays repayment!
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nush
Member of DD Central
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Post by nush on May 19, 2017 9:53:32 GMT
Thanks, I don't see loans below 12% i had to turn tampermonkey off
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huxs
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Post by huxs on May 19, 2017 9:57:00 GMT
I can't see these loans have they filled already?
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tarq
Member of DD Central
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Post by tarq on May 19, 2017 9:59:11 GMT
Now showing up.
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nush
Member of DD Central
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Post by nush on May 19, 2017 10:04:31 GMT
showing now
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huxs
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Post by huxs on May 19, 2017 10:06:52 GMT
only one showing for me
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mickj
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Post by mickj on May 19, 2017 10:28:28 GMT
Four showing now
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elliotn
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Post by elliotn on May 19, 2017 10:53:37 GMT
9% lendy.......12% collateral. why move unless lendy charges are much higher than collaterals For a 12% loan Ly charged 18% interest (12% lender/6% Ly) + 2% acceptance fee + 2% broker fee + 2% exit fee ie 24% equivalent for a 12m loan. We have not been told the spread on lower rate loans although MT have also been able to float a loan at a higher lender rate so other platform spreads may be lower. Interestng this one was only drawn down a month ago. #FullyPaid 😎
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 19, 2017 10:58:22 GMT
GT must have been a fan of musical chairs, bouncing loans between MT, Lendy, Collateral as he appears to be. Collateral Rep Is the borrower refinancing an existing loan from another platform just one month after drawdown at a higher rate and for a shorter period ... If so, why? Seems a bit bizarre as the existing facility doesnt prevent an early or partial exit? Nothing appears to have changed as the VR is just a readdress. It should be noted that this borrower is probably the same principal as BL018, though a different borrowing entity. If this is true, this fact should probably be disclosed so lenders can limit exposure to related parties if they so wish |
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Post by Collateral Rep on May 19, 2017 11:13:45 GMT
Hi ilmoro, This is a new borrower to us and isn’t the same principle of BL018, our borrower is buying these properties from the existing borrower. We have other loan applications in from this borrower both with this SPV and also through another Limited Company, we will disclose if the principles are the same but with a different SPV for transparency. Many thanks, Gordon |
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Post by Deleted on May 19, 2017 11:19:24 GMT
I have to admit that the opportunity to invest in the golden triangle that makes up Colne, Nelson and Barrowford, has, up to now eluded me. While the distant calls of millionaires in Clitheroe can be heard across the moors, this model of Tuscanian beauty (see also the Barnsley poets) will probably not benefit from my investment.  |
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