blink
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Post by blink on Feb 2, 2019 18:42:29 GMT
Trying to work out why interest wasn’t paid today? MoneyThing My interest is still outstanding. I am in Tranche 2 and Tranche 1. Tranche 2 should have paid out today. It makes it difficult keeping track when the various tranches pay interest on different days, even when the end date is the same for all tranches.
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Post by MoneyThing on Feb 2, 2019 19:40:20 GMT
Trying to work out why interest wasn’t paid today? MoneyThing My apologies - not sure how I missed that. Now paid. Regards, Ed.
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mw
Member of DD Central
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Post by mw on Feb 2, 2019 20:08:50 GMT
Trying to work out why interest wasn’t paid today? MoneyThing My apologies - not sure how I missed that. Now paid. Regards, Ed. Thanks Ed what service! All the best
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Post by eascogo on Feb 2, 2019 20:23:29 GMT
My apologies - not sure how I missed that. Now paid. Regards, Ed. Thanks Ed what service! All the best MoneyThing. Same with me. Interest for MTAW947 (3rd adv) has paid but not for MTAW752 (1st adv).
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Post by MoneyThing on Feb 2, 2019 20:33:24 GMT
Hi,
1st Advance (752) pays interest on the 19th of the month. 2nd Advance (929) on the 2nd and 3rd Advance (947) on the 26th.
Regards,
Ed
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Post by eascogo on Feb 2, 2019 20:36:44 GMT
Hi, 1st Advance (752) pays interest on the 19th of the month. 2nd Advance (929) on the 2nd and 3rd Advance (947) on the 26th. Regards, Ed Sorry Ed, only looked at the end date (same) so got confused. Regards.
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Post by Badly Drawn Stickman on Feb 2, 2019 21:01:53 GMT
Hi, 1st Advance (752) pays interest on the 19th of the month. 2nd Advance (929) on the 2nd and 3rd Advance (947) on the 26th. Regards, Ed Sorry Ed, only looked at the end date (same) so got confused. Regards. If I was given to confessions, I would have to admit I have no record of when payments are due on any off the loans. Certainly a payment schedule on the platform would be a good addition, maybe when the platform is next upgraded? Luckily short term plenty of others do keep a closer watch.
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averageguy
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Post by averageguy on Feb 18, 2019 22:31:34 GMT
Update on site
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KoR_Wraith
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Post by KoR_Wraith on Feb 19, 2019 8:26:01 GMT
I'm reasonably happy for this one to continue. A willing second charge loan provides some reassurance of valuation and as the money is to be spent on further development works it can only act to improve the asset; certainly the preferable course at this juncture.
One concern of note is that I wonder if this loan is more exposed than most in the event of a hard Brexit, given the mentions of international money in previous updates.
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
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Post by cedarcourtcapital on Feb 19, 2019 10:19:14 GMT
This is an example of me wondering who is calling the shots on this, what leverage do MT actually have? MT write that the borrowers has requested a three month extension. The borrowers have requested that a second charge be allowed. What options do MT have if they say no? Clearly, if you believe the updates, re-finance has been a viable option for some time now as we are told due diligence is being done. Why has this not been completed already, the loan's end date was known? This is not a £300 necklace that is being re-pawned, it is a multi-million pound development, are MT just agreeing to future options because they have to? Let's not kid ourselves that MT would ever willingly call this loan in even if they wanted to. The amount of legal expense would be astronomical. Easy to take a charge, more difficult to enforce it. My gut feeling is this will work out okay, and everyone should be happy with that, I am. We are still getting interest, although I am a little concerned that the interest is being borrowed to pay us. However as someone else wrote the fact that someone sees 2nd charge value is encouraging. I bet they are not getting 12%, I bet it is substantially more
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keystone
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Post by keystone on Feb 19, 2019 10:21:20 GMT
Yes, interest to be bought up to date and second charge funds are added without any further commitment from us, this strengthens our holding and is good news.
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jester
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Post by jester on Feb 19, 2019 11:26:04 GMT
I'm really struggling to stay fully invested and reasonably diversified on MT as it is.
I'll gladly accept one of their perceived stronger offerings running over the predicted timescales while hoping more offerings are brought to the table in the meantime.
Assuming MT aren't fully occupied managing existing defaults and trouble loans.
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hazellend
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Post by hazellend on Feb 19, 2019 11:40:43 GMT
However as someone else wrote the fact that someone sees 2nd charge value is encouraging. I bet they are not getting 12%, I bet it is substantially more Of course the interest will be very high for a short term, second charge bridge. I wouldn’t entertain it for anything less than 18% but I’m happy with the first charge.
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Post by elephantrosie on Feb 22, 2019 22:24:58 GMT
By pure luck, I sold out of my holdings months ago.
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hazellend
Member of DD Central
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Post by hazellend on Feb 22, 2019 22:32:12 GMT
By pure luck, I sold out of my holdings months ago. What do you mean?
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