theshape
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Post by theshape on Feb 26, 2018 22:45:07 GMT
Some notice would have been appreciated! I put some parts up for sale which I aimed to cancel at 10pm if not sold. Poor comms. I've also got some loan parts up for sale and would be cancelling now. Not a great deal up for sale but still an annoyance.
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theshape
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Collateral (COL) in Liquidation
BB588/589
Feb 26, 2018 13:03:31 GMT
Post by theshape on Feb 26, 2018 13:03:31 GMT
589 showing as redeeming. 588 was showing as awaiting confirmation?
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theshape
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Post by theshape on Feb 25, 2018 0:33:46 GMT
M********* H*** was about this size and was always snapped up quickly. I think I'm right that total borrowing on M********* H*** was approx £5.3m but that was then (pre defaults) and this is now. And £16m??
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theshape
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Post by theshape on Feb 24, 2018 17:21:56 GMT
Of the 11 loans in the pipeline, I notice that 7 of those are with LTVs at or below 60% (although some of those are initial LTVs). Is there a move towards lower LTVs in upcoming loans? Will lower LTVs (if they appear to be accurate) encourage more lending? I also notice the size of some of the loans especially: £3.25m initial land purchase. Total facility of c. £16m to fund out works. £3.25m is a sizeable loan in itself, but £16m
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theshape
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Post by theshape on Feb 19, 2018 18:26:24 GMT
SM availability appearing to be above the peak availability of 2017. Seems to be steadily increasing across the majority of the loans.
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theshape
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Post by theshape on Feb 19, 2018 17:38:13 GMT
Wigan also finding its way onto the SM in growing amounts.
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theshape
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Likes: 109
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Post by theshape on Feb 16, 2018 19:51:01 GMT
Made an additional deposit so as not to miss out. My daily summary listed only the deposit.
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theshape
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Post by theshape on Feb 16, 2018 18:17:19 GMT
The second advance on this loan does seem to be filling fairly slowly - although the recent Bolly/Plymouth news may have spooked investors.I suspect once the 24hr limit is lifted the BHs will snap up a large slice. Don't think there's any 'may' about it. SM sales queues have grown steadily to £2.7m.
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theshape
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Posts: 153
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Post by theshape on Feb 8, 2018 21:10:20 GMT
It is REALLY about time we had some news on this loan and the connected loans. Thing that amazes me is why anyone would invest in loan 2 when loan 1 is such a t*rd sandwich. I sold both the related loans thinking that I could always buy back in when/if there was a positive update on any of the loans. Still waiting!
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theshape
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Post by theshape on Jan 25, 2018 19:40:19 GMT
Yes, a copy and paste. I did notice that. I'm wondering why the size of the new loan is as big as it is. The previous loan was for £550k, the new loan for £525k. Just a convenient number as it equals 70% LTV? Have they not just received a significant payment from HS2? Loan is 70% max that MT lend at, 750k a conservative minimum of the remaining payout. The relocation involves major leasehold improvements and, having incurred delays on the fit out and needing to rent alternative premises, need cover until they get their final relocation costs reimbursed. I understand how the loan amount relates to the expected remaining payout. I was unsure why their was still the requirement to borrow almost as much as the original loan amount when the company appears to have received the majority of the expected payment from HS2.
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theshape
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Post by theshape on Jan 25, 2018 15:24:45 GMT
The previous loan is the first result in the completed loans tab: Loan value £550,000.00 Asset value £1,000,000.00 LTV71.00% Rate (pa)12.00% Start date15/12/2017 End date19/12/2017 New Loan: Loan value £525,000.00 Asset value £750,000.00 LTV 70.00% Rate (pa)12.00% Start date29/01/2018 End date29/07/2018 Thank you and I realize it might be a copy and paste, but £550k of £100k is not 71%LTV? Yes, a copy and paste. I did notice that. I'm wondering why the size of the new loan is as big as it is. The previous loan was for £550k, the new loan for £525k. Just a convenient number as it equals 70% LTV? Have they not just received a significant payment from HS2?
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theshape
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Post by theshape on Jan 25, 2018 15:02:56 GMT
If this loan is not asset backed why is there anything listed in the asset value column. I understand that £750,000 is the expected/hoped for payment from HS2 but I'm not sure there should be an asset value listed.
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theshape
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Post by theshape on Jan 25, 2018 14:54:05 GMT
The previous loan is the first result in the completed loans tab: Loan value £550,000.00 Asset value £1,000,000.00 LTV71.00% Rate (pa)12.00% Start date15/12/2017 End date19/12/2017 New Loan: Loan value £525,000.00 Asset value £750,000.00 LTV 70.00% Rate (pa)12.00% Start date29/01/2018 End date29/07/2018
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theshape
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Post by theshape on Jan 14, 2018 23:34:59 GMT
Someone sold quite a few of the pawn loans yesterday - got quite a few, missed quite a few others.
This evening managed to get quite a few wine loans.
Almost doubled my holding in each.
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theshape
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Posts: 153
Likes: 109
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Post by theshape on Jan 6, 2018 12:40:04 GMT
Frustration is... ... seeing loads of juicy loans appear on the SM, and only having 12p spare in your account Transfer in another 88p so you can invest in something.
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