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Post by Collateral Rep on Feb 23, 2018 10:00:20 GMT
Morning,
The following loans are set to redeem or renew/extend from the 26th of February to the 4th of March.
28/02/2018 BB00596 - Renewal 28/02/2018 BB00597 - Renewal
01/03/2018 DL00008 - Redeeming (by way of refinance) 01/03/2018 DL00009 - Redeeming (by way of refinance) 01/03/2018 DL00010 - Redeeming (by way of refinance) 01/03/2018 PL00006 - Renewal
02/03/2018 DL00016 - Redeeming (by way of refinance)
03/03/2018 BB00598 - Renewal 03/03/2018 BB00599 - Renewal 03/03/2018 BB00600 - Renewal
04/03/2018 BL00059 - 3 Month Extension 04/03/2018 BL00060 - 3 Month Extension 04/03/2018 BL00061 - 3 Month Extension 04/03/2018 BL00062 - 3 Month Extension 04/03/2018 BL00063 - 3 Month Extension 04/03/2018 BL00064 - 3 Month Extension 04/03/2018 BL00065 - 3 Month Extension 04/03/2018 BL00066 - 3 Month Extension 04/03/2018 BL00067 - 3 Month Extension 04/03/2018 BL00068 - 3 Month Extension 04/03/2018 BL00069 - 3 Month Extension 04/03/2018 BL00070 - 3 Month Extension
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Collateral Team
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Post by Collateral Rep on Feb 19, 2018 9:14:18 GMT
Afternoon,
The following loans are set to redeem or renew/extend from the 19th of February to the 25th of February.
21/02/2018 BL00018 - Sale expected to complete this month 21/02/2018 BL00047 - Sale expected to complete this month
22/02/2018 BB00586 - Renewal 22/02/2018 BB00587 - Renewal
23/02/2018 BB00588 - Awaiting confirmation 23/02/2018 BB00589 - Redeeming
24/02/2018 BB00590 - Renewal 24/02/2018 BB00591 - Renewal 24/02/2018 BB00592 - Renewal 24/02/2018 BB00593 - Renewal 24/02/2018 BB00594 - Renewal 24/02/2018 BB00595 - Awaiting confirmation
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Collateral Team
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Post by Collateral Rep on Feb 9, 2018 7:01:24 GMT
Morning Forward, The £25 bid limit has been added. Many thanks, Gordon
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Post by Collateral Rep on Feb 9, 2018 6:59:59 GMT
Morning,
The following loans are set to redeem or renew/extend from the 12th of February to the 18th of February.
16/02/2018 PL00005 - Renewal
17/02/2018 BB00585 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Gordon
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Post by Collateral Rep on Feb 5, 2018 16:12:06 GMT
Hi blueninja, Can you email info@collateraluk.com your details and we will look into it for you. Many thanks, Gordon
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Post by Collateral Rep on Feb 5, 2018 9:55:01 GMT
Morning,
We have three new live loans and are in Available Loans now.
1) Property Interest P/A - 12% Loan value of £80,000 (value £115,000) LTV - 69.57% Loan Term - 6 months Bid Limit - £1,000 for first 3 hours
2) Property Interest P/A - 12% Loan value of £45,000 (value £65,000) LTV - 69.23% Loan Term - 6 months Bid Limit - £500 for first 3 hours
3) Property Development Loan Interest P/A - 13% Loan value of £60,658 (GDV value £8,900,000) LTV - 49.44% Loan Term - 6 months Bid Limit - £1,000 for first 3 hours
You can see these loan in Available Loans now.
Many thanks,
Gordon
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Post by Collateral Rep on Feb 4, 2018 12:06:03 GMT
Afternoon,
This loan has now been repaid.
Many thanks to all our investors,
Gordon
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Post by Collateral Rep on Feb 4, 2018 11:53:02 GMT
Morning,
We have 6 new Bolton Development tranches available now. These loans are offering interest at a rate of 15%.
As before we have split the loan into 6 parts, which we hope will help the Secondary Market.
1) Bolton Development Loan (6 drawdowns) Interest P/A - 15% Loan value of £100,000 (GDV value £8,515,000) LTV - 69%. Loan Term - 3 months (end date 30th of April)
You can see these loans in Available Loans now - these loan are offering interest at a rate of 15% per annum.
The development is scheduled to complete at the end of April 2018, this is dependant on all tranches being fully funded up to the end of the project.
Many thanks,
Gordon
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Post by Collateral Rep on Feb 1, 2018 7:48:10 GMT
Morning,
The following loans are set to redeem or renew/extend from the 5th of February to the 11th of February.
09/02/2018 BB00580 - Renewal
10/02/2018 BB00581 - Renewal 10/02/2018 BB00582 - Renewal 10/02/2018 BB00583 - Renewal 10/02/2018 BB00584 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Gordon
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Post by Collateral Rep on Jan 27, 2018 9:57:31 GMT
Morning,
The following loans are set to redeem or renew/extend from the 29th of January to the 4th of February.
31/01/2018 BB00574 - Renewal
01/02/2018 BB00667 - Renewal
02/02/2018 BL00046 - Redeeming (end of Feb)
02/02/2018 BB00668 - Renewal
03/02/2018 BB00577 - Renewal 03/02/2018 BB00578 - Redeem 03/02/2018 BB00579 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Gordon
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Post by Collateral Rep on Jan 26, 2018 10:21:02 GMT
mrclondon , The thread was started by yourself - an administrator of the 'independent' forum. We reported the post, as did other members and feel that if this had been written by anyone else the post would have been removed. We have not had the courtesy of a reply to the post being reported and have previously had the threat of being the first platform rep being banned by an administrator of the forum for not *** out the address of a loan. There are a lot of insinuations and wildly incorrect assumptions in this and other posts regarding what is posted in DD Central, all of which we could answer if we had access. We have requested access to DD Central but you informed us that we cannot have access as a platform rep, therefore don't have the right to reply to some of the incorrect assumptions that are being made. Can we suggest that you reconsider this and allow platform reps to access their particular area in order to correct the ifs, buts and maybe's? We always reply to all questions posed directly to Collateral and will continue to do so but we are undecided as to our future participation on this forum and are looking into implementing a Q and A section on each of our loans instead. We have on numerous occasions invited lenders to meet and even held an open day at our offices last year and invited forum members to ask questions via the forum members who attended. We have offered to meet lenders on site with the borrowers and their professional teams in order to be fully transparent. We have met face to face with lenders at many places, such as our offices, their offices, in London and Manchester when we have been exhibiting there. Later this year we will again be offering lenders the opportunity to come and meet the team and raise any concerns that they may have and will happily meet with any should they wish to contact us directly. There are some things that cannot and should not be discussed on a public forum, especially as you state that you have an "untrained eye" and are making unfounded assumptions which are wide of the mark. With regards to the "noise" being made, we know what you are referring to here, but we have been unable to announce our expansion as we are awaiting the legals to be completed before we formally announce this. We are also aware of some of those making the "noise" aren't lenders on our platform and as previously stated on many occasions, if anyone has any questions or queries, please contact us directly so we can alleviate any concerns. We will continue to offer loans with rates at the top end of the industry and would like to point out that just because they are higher rates doesn't necessary mean that they are higher risk*. All of our loans are secured and at a max of 70% LTV. We complete robust DD on each and every loan and also complete legal and external DD. If anything is flagged up or requires further examination, we request this from the borrower to explain. We regularly see loans on other platforms at a higher LTV providing half the returns that are provided via the Collateral platform. We have also seen unsecured loans giving less than the returns that are provided on our platform which seem to be accepted without question. We have a good professional team around us with many, many years of experience across all areas of business and accept their advice on all aspects, such as legal advice, accountancy, compliance, planning, development etc. and have a very experienced recovery team in place should they be required in the future. Can you please read through your posts thoroughly and remove/edit the points where you have guessed/assumed/misunderstood what the facts are? *Whilst we can provide generic information please note that Collateral (UK) Limited is not authorised to provide financial advice and the decision to lend will be at your sole discretion.The Collateral Team
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Post by Collateral Rep on Jan 26, 2018 10:04:54 GMT
Hi empirica, This loan is expected to drawdown next week. We've added this update to the loan listing. Many thanks, Gordon
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Post by Collateral Rep on Jan 24, 2018 12:38:52 GMT
Afternoon,
This loan has now been repaid early.
Many thanks to all our investors,
Gordon
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Post by Collateral Rep on Jan 24, 2018 12:21:12 GMT
Hi @new2p2p,
I'll put more information in the loan announcement emails in the future that will let you know if they are further development loans etc.
As far as breaking development loans into parts, we do this not only for investor liquidity, but so we can keep the flow of money going to the developer to insure work progresses and stays on schedule. Obviously as we grow our investor numbers, the uptake on loans maybe quicker and there will be less need for us to do this.
Many thanks,
Gordon
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Post by Collateral Rep on Jan 24, 2018 10:31:19 GMT
Hi ingwer, We will be speaking with the borrower today and I'll update tomorrow. Many thanks, Gordon
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