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Post by df on Sept 13, 2017 0:37:37 GMT
Selling slowly now. 15% been on for 4 days. Half full. Where has the enthusiasm gone? Although more has shifted today, there are still a number of tranches still to come.
My own view is that, for the size of platform, this has been too large a loan. Yes, there will be some lenders who will be happy to plough large sums into a 15% loan with countless tranches but, for many lenders, sensible risk management dictates a limit to how much is put into any one loan/ borrower. The fact that the current tranches in this loan are in effect 3rd charges only adds to the risk.
Personally, I reached my limit in this loan some time ago and, no matter how much I want to support Collateral, I will not be taking up any further tranches in this one.
The same here. I already have three times more my usual limit per loan. Even if new tranches will go at 16+% I won't be investing any more funds in this loan. I agree, it is too large for this platform.
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