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MoneyThing (MT) in Administration
MTAC322
Jul 11, 2016 14:43:32 GMT
Post by MoneyThing on Jul 11, 2016 14:43:32 GMT
Is this renewing tomorrow? It is and it is listed on pending (for 1 month term whilst we finalise the new facility). The final loan & security agreements with respect to the mentioned new facility has gone to the borrowers' solicitors for final review so not long now. Regards, Ed
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Post by MoneyThing on Jul 11, 2016 14:33:31 GMT
Afternoon,
BPF £161,000 Property Bridging Loan (number 43 on the Pipeline), is now up on pending to go live at 4pm on Wednesday.
Kind regards,
Ed
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Post by MoneyThing on Jul 11, 2016 14:31:37 GMT
Just for clarity, will the lifting of this restriction also apply to the last three tranches when they are released.? Regards Yes. Regards, Ed.
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Post by MoneyThing on Jul 8, 2016 18:02:18 GMT
Apologies jonah , we seem to have b***ered up your tracker! We thought we would be helpful and add 'Live loan book' to the stats in case you wanted to play around with this figure also. Sorry! jonah - we have just reordered the figures again so that the 'available' figure is listed first (as before), so hopefully this should fix it.
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Post by MoneyThing on Jul 8, 2016 17:37:37 GMT
Apologies jonah, we seem to have b***ered up your tracker! We thought we would be helpful and add 'Live loan book' to the stats in case you wanted to play around with this figure also. Sorry!
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Post by MoneyThing on Jul 8, 2016 14:49:47 GMT
Afternoon, Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime. Will release these within the next 5 minutes. Kind regards, Ed In that case, if the original indication still stands that any cashback (or similar) that might be added to later tranches would be extended to all 5, could you clarify who would receive the cashback on a loanpart that has already been traded on the SM: A) the original purchaser (even though they no longer own it) B) the current owner (even though they didn't originally help the tranche to fill) C) neither, ie. any retrospective cashback would only be paid to original purchasers who still hold the loanpart when it is applied [ps. I reckon option C would be entirely reasonable in the circumstances and would provide a modest incentive not to relist earlier tranches on the SM until all are filled] C. Regards, Ed.
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Post by MoneyThing on Jul 8, 2016 12:44:10 GMT
Will everyone please stop talking about investor confidence! The more everyone talks about it, the less confident I become. I'm starting to sell! I've increased P2P lending (mainly on MT though), hope that cheers you up ...cheers me up!
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Post by MoneyThing on Jul 8, 2016 12:41:23 GMT
Afternoon, Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime. Will release these within the next 5 minutes. Kind regards, Ed ...SM now enabled.
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Post by MoneyThing on Jul 8, 2016 12:39:11 GMT
Afternoon,
Us Things have had a chat this afternoon and have decided to lift the SM restriction on the Cardiff tranches. Since it was our decision to lengthen the time between each tranche (to fit in a few other loans), it is only fair that we release these to allow people to trade them in the meantime.
Will release these within the next 5 minutes.
Kind regards,
Ed
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Post by MoneyThing on Jul 8, 2016 11:56:10 GMT
Morning, Cashback now credited. Thank you to all who participated - much appreciated. Kind regards, Ed That is wonderful - thank you very much. Just a tiny thing - I notice that the bid restriction is still in place until 16:00. Surely that is no longer required? Thank you for pointing this out. We have just adjusted the system so that the restriction now ignores the SM sales if filled within 24hrs. This means that the loan is now derestricted and lenders can bid any amount on availability on the SM. Kind regards, Ed
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Post by MoneyThing on Jul 8, 2016 10:02:10 GMT
Morning,
Cashback now credited. Thank you to all who participated - much appreciated.
Kind regards,
Ed
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Post by MoneyThing on Jul 7, 2016 20:45:44 GMT
15% left. Gone by morning would be my guess. Quite a vote of confidence in MT. MoneyThing should there be a renew checkbox there? I didn't spot how that could apply to this loan. Good spot - thanks. Now removed (checkbox). Regards, Ed.
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Post by MoneyThing on Jul 7, 2016 16:35:41 GMT
The Things will be there (with a stand)! Ed.
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Post by MoneyThing on Jul 7, 2016 14:58:46 GMT
Is there any security beyond a first change on the property, such as a debenture over the SPV, or a personal guarantee? Only a PG from the UBO of the SPV. Regards, Ed.
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Post by MoneyThing on Jul 7, 2016 14:57:54 GMT
The valuers assume that asbestos was likely to be have been used in the original construction, but removed during the recent refurbishment. Has subsequent due diligence produced a definitive statement on the presence or absence of asbestos? Afternoon. There was oversight via the solicitors on a report to confirm that there was no asbestos found. Regards, Ed.
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