zoll
Posts: 52
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Post by zoll on Oct 10, 2016 15:21:52 GMT
Looked like the site was going to crash there for a couple of minutes.
I didnt manage to refresh until 6.04 and by then I think over 70% was gone.
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zoll
Posts: 52
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Property Moose
SPV 54
Sept 21, 2016 10:58:24 GMT
Post by zoll on Sept 21, 2016 10:58:24 GMT
5 year term, listed building, leveraged - all fairly unusual for PM, or perhaps folk don't like the look of the picture ;-: IMO its a much better deal, in an excellent location, with better upside on capital appreciation, and unlikely to be fully vacant at anyone time (multiple tenants), fully redeveloped and fully tenanted. Sometimes I wonder if the wisdom of the crowd is in in fact that or more "herd" mentality than anything else.
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zoll
Posts: 52
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Property Moose
SPV 54
Sept 21, 2016 10:13:08 GMT
Post by zoll on Sept 21, 2016 10:13:08 GMT
Any insight as to why this deal is not filling while others are snapped up in a matter of hours ? Cant quite figure it - This one looks better to me than the others ?
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zoll
Posts: 52
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Post by zoll on May 18, 2016 20:17:26 GMT
[quote author=" dualinvestor" Even if they were fully authorised it is doubtful that some of the potential schemes suggested here, ficticous borrowers, lending to related parties etc would be picked up before substantial losses were incurred by P2P lenders. Remember Mr Madoff and his various funds were authorised, albeit by a different regime to the FCA, and he managed to operate a Ponzi scheme for many years involving billions of dollars. [/quote] As long as there are more investors joining the platform and throwing money at it, than investors pulling money out, a Ponzi scheme could theoretically go on forever. This is how Madoff got away with it for so long, and this is exactly the growth stage the industry and most of the platforms are at. The temptation to pay any incidental requests for withdrawal of "old" money with a little bit of the "new" money pouring in, in ever increasing amounts, is very great and hard or impossible for investors to uncover.
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zoll
Posts: 52
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Post by zoll on May 17, 2016 13:05:23 GMT
Not sure I understand what you want - have you looked at TheHouseCrowd ? Yes I have. They are similar to PP and PM - buy and hold a share of a cash flowing property, managed by the platform or their reps. I am looking for a platform that connects the crowd with a professional RE company/ sponsor/ developer - looking to JV on ventures in exchange for equity. Just for example 2 US platforms (There are many others): Real Crowd or Acquire - You cant see all the details of the offerings or fully funded projects unless you register- but I think you can get the idea.
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zoll
Posts: 52
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Post by zoll on May 17, 2016 11:18:33 GMT
Thanks again solicitorious for the link. - I had a look at them- They seem to be offering mainly JVs for Buy to Lets with a "managing" partner who is essentially the landlord. Not exactly what I was looking for - it appears to very similar to PP and PM only with a third party "partner" who would be managing the property in the middle in return for part of the equity. FWIW I have registered and have reached out to them for some further DD- but so far no response. I am looking for a platform that would allow me to partner with a recognized, experienced sponsor/ developer for projects in the residential/ commercial/ industrial sector. Essentially a model that has been around for a long time in private syndications- but packaged in a CF format with lower entry points. Would be happy if anybody else could chime in with some suggestions - (I cannot believe this model is so difficult to find in the UK while being almost the norm of the better CF platforms overseas.)
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zoll
Posts: 52
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Post by zoll on May 16, 2016 11:16:36 GMT
Thanks- any experience with them ?
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zoll
Posts: 52
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Post by zoll on May 16, 2016 10:23:30 GMT
Hi to all, I was wondering if anybody has experience or can point me in the direction of platforms that offer opportunities based on equity joint ventures with vetted and experienced sponsors/partners doing real estate developments or buy and holds. This is a model that appears to be the very common in the USA, but thus far I have not managed to find any significant players in the UK market. (Just to clarify - I am not referring to models such as offered by PM or PP- both of which I am currently investing with) I did come across this site: Cogress - which after a precursory look appears to be offering a form of the above, although I haven't yet done any deep DD. Has anybody had any experience with them ? Know of any others ? Thanks all for any input.
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zoll
Posts: 52
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Post by zoll on Apr 22, 2016 15:39:28 GMT
Has anybody else noticed that on the DFL - Student accommodation block B, Huddersfield - pipeline loan- the loan amount is 6.8 mill while assessors valuation is only 5.1 mill as of 6th March. The LTV stated is 39% ? (According to my math its more like 133%). Any insights ? (I am aware that the 39% is calculated in relation to the gross development value of 17.4 mil. - but how can this tranche be more than the current value ?) After the above post from a few days ago I queried this issue with SS- below the email thread with clarifications. Apr 22, 13:47 Hi This is correct yes. Kind regards, Customer Services Team Saving Stream Saving Stream t: +44 (0) 800 779 7706 t: +44 (0) 203 303 3146 <mod deleted email address> w: www.savingstream.co.ukTrustPilot Reviews Apr 21, 07:39 Thanks Tim, So just to clarify, - I understand that in effect this loan is not going to go live for funding of the full sum (6.8 mill) - but rather in smaller tranches of up to 39% LTV of the latest available valuation each time, and investors will have the opportunity to invest in all or some of the tranches at their discretion as they become available ? Thanks, Apr 20, 12:58 Tim Tim (Saving Stream) Apr 20, 12:01 Hi When this loan goes live we will only release tranches at a max 39% LTV of the value, so on day 1 where val is £5.5m we would only open up £2.15m of available funding on the platform. Then when project has increased in value we publish new valuation and release further tranches. Kind regards, Customer Services Team Saving Stream Saving Stream t: +44 (0) 800 779 7706 t: +44 (0) 203 303 3146 <mod deleted email address> w: www.savingstream.co.ukTrustPilot Reviews Apr 20, 09:43 DFL - Student accommodation block B, Huddersfield Hi, Trying to understand how a 6.8 mil loan being raised against an asset valued at 5.5 mil is a 39% LTV. I understand that this is a DFL but surely each tranche should be raised separately and drawn down against an updated valuation ? Thanks. Copyright © 2016 Saving Stream, All rights reserved. Saving Stream is a trading name of Lendy Ltd, Registered in England & Wales. Registered office is Branksmere House, Queens Crescent, Southsea, Portsmouth, PO5 3HT(Company No. 8244913). Lendy Ltd is registered with the Office of the Information Commissioner, Reg no. Z3404040; and is regulated by the Financial Conduct Authority (FCA) #622666. This email is a service from Saving Stream. Delivered by Zendesk
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zoll
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Post by zoll on Apr 20, 2016 8:35:28 GMT
ilmoro beat me to it, but the link to SS's explanation in that thread is here Thanks Star Dust and Ilmoro, Sorry but still not making sense to me. The link you sent me to talks about separate pipeline loans being launched for each tranche against updated evaluations: None of this is on the loan page.
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zoll
Posts: 52
Likes: 26
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Post by zoll on Apr 20, 2016 8:14:58 GMT
Has anybody else noticed that on the DFL - Student accommodation block B, Huddersfield - pipeline loan- the loan amount is 6.8 mill while assessors valuation is only 5.1 mill as of 6th March. The LTV stated is 39% ? (According to my math its more like 133%). Any insights ? (I am aware that the 39% is calculated in relation to the gross development value of 17.4 mil. - but how can this tranche be more than the current value ?) 6.8m is the size of the total facility available to be drawn, the first tranche will be less. See DFL1 particulars as example. I cant seem to find that info on the loan page- what will the first tranche be ?
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zoll
Posts: 52
Likes: 26
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Post by zoll on Apr 20, 2016 7:31:31 GMT
Has anybody else noticed that on the DFL - Student accommodation block B, Huddersfield - pipeline loan- the loan amount is 6.8 mill while assessors valuation is only 5.1 mill as of 6th March. The LTV stated is 39% ? (According to my math its more like 133%).
Any insights ?
(I am aware that the 39% is calculated in relation to the gross development value of 17.4 mil. - but how can this tranche be more than the current value ?)
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