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Post by supernumerary on Aug 2, 2019 9:45:24 GMT
It's 2 August and the two tiers are about 35% filled overall on thc. Not enough for just one tier. How long will they run this paying interest? Perhaps when all our motor stocking loans are refinanced by 26 August, there will be lender cash for an imaginative proposal. The 19th and 20th September 2019 is the CURRENT planned repayment date on Ablrate. So with the THC two loans paying interest from the 1st August 2019, for one and a half months, these two loans will be paying out for two lots of interest rates on two different P2p platforms! Current funding is 36.6% approx. overall. It is slowly ‘getting there’ on THC. I’ve noticed that there are ‘sporadic’ injections of cash funding this investment. HOPEFULLY it will gain momentum as the level of funding increases. Come the 26th August 2019, then perhaps your suggestion, 'for an imaginative proposal' may be initiated if the THC 'funding momentum' has not been sufficient... Blender, that is a thought provoking solution: "Perhaps when all our motor stocking loans are refinanced by 26 August, there will be lender cash for an imaginative proposal."
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blender
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Post by blender on Aug 2, 2019 10:05:47 GMT
If there is one platform willing to work hard for lenders and borrowers by seeking out creative solutions, it is Ablrate. They will be well ahead with thinking about these loans, and the potential removal of such a large amount from the loan book within the space of a month. Personally I do not need to earn 12% if the security is really solid.
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Balder
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Post by Balder on Aug 2, 2019 10:13:36 GMT
If there is one platform willing to work hard for lenders and borrowers by seeking out creative solutions, it is Ablrate. They will be well ahead with thinking about these loans, and the potential removal of such a large amount from the loan book within the space of a month. Personally I do not need to earn 12% if the security is really solid. Big assumption the motor stocking loans will repay as previous communications . Could be a 1st though!
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blender
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Post by blender on Aug 2, 2019 11:53:10 GMT
Yes, they do say cash is king. There comes a time, though, when it becomes necessary to demonstrate that firstly, repayment of principal is not optional on this platform and secondly major borrowers do have the ability to repay some of it when due. Motor stocking loans total £3.8m. Maybe just those due this year.
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sapphire
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Post by sapphire on Aug 2, 2019 12:37:37 GMT
The 19th and 20th September 2019 is the CURRENT planned repayment date on Ablrate. So with the THC two loans paying interest from the 1st August 2019, for one and a half months, these two loans will be paying out for two lots of interest rates on two different P2p platforms! ... ... Paying two lots of interest for potentially 6+ weeks on £2.5m+ loans....Isn't this unusual? Not sure what to make of it? Do hope the project has sufficient profitability & reserves for the borrower to justify this and that this is not a sign of desparation?
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tommo
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Post by tommo on Aug 7, 2019 21:05:58 GMT
Any guesses on whats going to happen to this one? I'm happy to keep hoovering up bits at a discount as others pay interest, but would need the cash before the end of next month.
Do THC underwrite? Because it's filling at slower than a snails pace.
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hazellend
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Post by hazellend on Aug 7, 2019 21:17:54 GMT
Any guesses on whats going to happen to this one? I'm happy to keep hoovering up bits at a discount as others pay interest, but would need the cash before the end of next month. Do THC underwrite? Because it's filling at slower than a snails pace. Do not invest any cash you will need before the end of next month. That is asking for trouble.
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Post by Ace on Aug 7, 2019 21:19:51 GMT
Any guesses on whats going to happen to this one? I'm happy to keep hoovering up bits at a discount as others pay interest, but would need the cash before the end of next month. Do THC underwrite? Because it's filling at slower than a snails pace. I think it's unwise to put any money in P2P that you need at any specific date. EDIT: crossed with hazellend.
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r00lish67
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Post by r00lish67 on Aug 7, 2019 21:45:23 GMT
Any guesses on whats going to happen to this one? I'm happy to keep hoovering up bits at a discount as others pay interest, but would need the cash before the end of next month. Do THC underwrite? Because it's filling at slower than a snails pace. I think it's unwise to put any money in P2P that you need at any specific date. EDIT: crossed with hazellend. I think it's worth reiterating, even a second time. Putting any money you need at any point in P2P in general is not a great idea. Putting any money you need next month in P2P is really one of the poorer ideas you can have. Putting any money you need next month in a single high interest P2P loan is taking that poor idea and expanding it gently into a big bad idea. Putting any money you need next month into a single high interest P2P loan which is even higher interest because others are discounting it and you're not sure why, is taking that big bad idea down to the billboard printers and making an excessively large sign that simply says "This really is a gigantically bad idea".
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blender
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Post by blender on Aug 8, 2019 7:02:13 GMT
How lovely, free cheese!
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blender
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Post by blender on Aug 19, 2019 18:22:49 GMT
Oh no! Bats have delayed the refinance.
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withnell
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Post by withnell on Sept 3, 2019 16:18:09 GMT
ablrate - please would you update us on why this and 98 have been paused on a secondary market for several days? I can't find an email/admin note to explain why, and payments are up to date
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Sept 3, 2019 16:23:41 GMT
ablrate - please would you update us on why this and 98 have been paused on a secondary market for several days? I can't find an email/admin note to explain why, and payments are up to date Presumably because they're within a month of maturity?
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tommo
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Post by tommo on Sept 3, 2019 16:40:27 GMT
ablrate - please would you update us on why this and 98 have been paused on a secondary market for several days? I can't find an email/admin note to explain why, and payments are up to date There was an admin note posted on 9th August saying secondary market paused pending settlement.
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withnell
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Post by withnell on Sept 3, 2019 18:03:51 GMT
ablrate - please would you update us on why this and 98 have been paused on a secondary market for several days? I can't find an email/admin note to explain why, and payments are up to date Presumably because they're within a month of maturity? Other loans get "This loan is maturing soon. In order to avoid negative yields trading has been restricted to a maximum of 100%" when approaching maturity rather than complete restriction of trading, eg 109. I hadn't noticed the 9th Aug message with all the other posts on top of it - but would expect that the restrictions would be removed now as that related to an imminent repayment and later updates suggest that funds are still being sourced
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