elliotn
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Post by elliotn on Nov 24, 2017 3:00:31 GMT
Would have also expected a much bigger reaction on the SM - or maybe that is just about to kick in. The older tranches were selling before my page refreshed yesterday so looks like still some MH on platform and people holding loans to stay invested.
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elliotn
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Post by elliotn on Nov 23, 2017 15:43:12 GMT
FC staggered launch starting next week for existing investors and then new ones.
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elliotn
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Post by elliotn on Nov 23, 2017 3:34:16 GMT
www.financialthing.com/funding-secure-review/Edit - there is an example of the dashboard in this link but names are generic ie Liverpool, Wirral, Formby (and other such unbanked, Scouse delights) rather than disclosing asset addresses.
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elliotn
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Post by elliotn on Nov 23, 2017 3:28:05 GMT
You'll see threads of this ilk on the board. I have several loans in default from a year ago, I don't even bother reading their circuitous updates anymore.
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elliotn
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Post by elliotn on Nov 23, 2017 1:07:13 GMT
Thread digressed a little! The new loan is at 70% of the first 'tranche' of £500k. When filled it will be extended to £1M. Does that mean the first £500k will be drawn down while the second tranche is filling? The instant returns would be affected. (Thread back on subject)
Normally the funding total is moved within the 30 day listing.
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elliotn
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Post by elliotn on Nov 23, 2017 1:01:10 GMT
The blind optimism of some people astounds me. Some must have more money than sense. The more rational of us have left the platform pending an improvement in performance and loan quality. We are living in an age of great uncertainty. The actions of some people feels a bit like throwing good money after bad. The derisory take-up of this latest mega tranche despite a cash back offer, half of which seems to be to fund an extension which the developer is unable to fund, ought to do all the talking in itself. The market and investor sentiment is rarely wrong. We know you left George. Your persistent, lingering doom mongering on the Ly board despite so publicly divesting is in danger of betraying confirmation bias over due diligence (not that you hardly did any, simply relying on the Greater George theory). This landmark development is close to the finishing line, what has your research revealed about its viability or not? P2P is an immature market with rates that have attracted inexperienced, retail ‘investors’ who invest with blind optimism rather than due diligence simply because the headline coupon is 12% - I’d be surprised if such a market was rarely always right, George.
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elliotn
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Post by elliotn on Nov 22, 2017 16:22:05 GMT
Has anyone anywhere seen the platform default rate in chocolate?
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elliotn
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Post by elliotn on Nov 22, 2017 16:17:13 GMT
Interest for the term was deducted at drawdown, so with today's payment, the interest pot is now dry. Interest retained for the refi and MT kindly paid the interest on the additional development tranches ; not requiring the borrower to make monthly cash payments at least means the bullet helps defer 'default' until term.
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elliotn
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Post by elliotn on Nov 22, 2017 7:57:30 GMT
I am trying to get some loans off SM, but am avoiding loans with CB previously due to risk of illiquidity. Collateral has removed the statements under loan details about previous CB. could we list all loans with CB here please? Why? Look at the SM, once the flip has been bought by longer term investors why would you expect liquidity to be different from other loans? Do you see much of BL26 available which was the first of the major, recent CB loans? You need to look at exposure to borrower, quality of the security, viability and updates of the development, recent trading volume, tranche priority (ie the CB loan may actually be the SAFEST in recovery) etc ahead of whether a loan happened to have had a CB element to it some months back.
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elliotn
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Post by elliotn on Nov 22, 2017 7:35:36 GMT
Plymouth 2 repaid. Is this a prelude to default? No, Plymouth2 hasn't repaid. There was some temporary (panic) availability of about £40k iirc but was quickly bought off. Edit. SM now nearly back to zero. Why “panic” instead of, say, “measured selling based on latest information”? This borrower was picked up in mixed circumstances, has been late on development, late on accounting, kept the true state of affairs from the platform and so on. In light of this latest data I trimmed Bolly due to complete in a couple of months and left the delayed 2nd student development untouched. Never panicked once whilst doing so. Disclaimer: I am looking to increase my holding in the 2nd student studios but sold out of the 1st one after previous delays; my overall borrower exposure will be neutral/to slight increase.
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elliotn
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Post by elliotn on Nov 22, 2017 7:14:04 GMT
thanks, i am far from the CGT threshold, so will use this technique You may wish to confirm with tax advice.
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elliotn
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Post by elliotn on Nov 19, 2017 10:26:37 GMT
I had a similar fail rate, I’ve done it so many 000s of times now that I’m far less. Only solution is to provide your details to the developer via Coll support which I could never muster the energy to do.
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elliotn
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Post by elliotn on Nov 19, 2017 9:18:40 GMT
I like orange You, Trump and the cast of The Only Way is Essex.
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elliotn
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Post by elliotn on Nov 19, 2017 9:11:00 GMT
Gave up after 8 mins.
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elliotn
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Post by elliotn on Nov 19, 2017 7:23:13 GMT
2pm, much better when we are given reading time for a new borrower will it be a morning/afternoon split ie within the working day ablrate ? Will accommodate overseas investors and those that prefer to spend their time with families in the evening Not so good for those who go to work, however. All platforms launch during their work day*. Do you only invest on abl? * There have been the odd weekend launch again most typically during work hours...
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