jdp03
New Member
Posts: 3 
|
Post by jdp03 on Sept 28, 2017 10:02:46 GMT
Hey - I'm a newbie investor looking at a few different platforms and there seems to be quite a few out there.
Could anyone explain to me the difference between for example assetzcapital - lendy - wisealpha
Thanks
J.
(posted this in assetz capital's thread, probs better served in the general discussion)
|
|
|
|
Post by albermarle on Sept 28, 2017 16:27:04 GMT
Hi,
It's a very wide ranging question and could take a long time to answer in details as every site has it's own business model,risk levels and quirks.
Suggest you first do some more research an have a look at some of the info freely available on the internet and then spend time reading some of the specific and general forum comments .
Internet sites to have a look at are ' 4th Way' ' Financial Thing' 'P2Pmoney'
.
Then if you still have specific questions I am sure someone on the forum will be happy to help.
|
|
|
|
Post by wiseclerk on Sept 28, 2017 18:43:11 GMT
jdp03 Very basic answer, as albermale said, it is much more complex: Lendy and Assetzcapitala are p2p lending sites offering loans, on Lendy secured by property and on Assetz Capital there is a veriety of loan types, some secured by property some by other assets. Wisealpha offers bonds. I suggest you do some further reading here on the forum and elsewhere.
|
|
|
|
Post by stuartassetzcapital on Sept 30, 2017 11:53:01 GMT
Its a big question ! In simple terms we would suggest diversification across platforms may be a good idea, sticking to well established ones and ones where their forum members are reasonably happy or better. Property security like AC can be good but only as good as the valuations and recovery skills of the business. The teams should have career length experience of the type of lending they do and that means typically 20+ years experience each. Don't rely on being able to sell loans before term but an active aftermarket with little available is always a good sign. That's AC. I suggest you call our lender desk and have a chat.
|
|
jdp03
New Member
Posts: 3
|
Post by jdp03 on Sept 30, 2017 14:09:39 GMT
I guess the thing that I'm struggling with is the difference in "secured loans". With WiseAlpha it seems to be higher quality assets due to the higher quality of the business seeking the loan or issuing the bond.
How do you guys gauge the value of any securities with the more p2p focused lenders?
|
|
|
|
Post by stuartassetzcapital on Sept 30, 2017 15:38:43 GMT
Security with AC means real property asset security and first charge ahead of any other creditors in almost every loan and this is shown on each loan details. You can obtain other types of security such as debentures over Companies and their cash and stock but frankly that may not be there any more when you need it. Buildings don’t tend to move.
|
|
jaswells
Member of DD Central
Posts: 255
Likes: 184
|
Post by jaswells on Sept 30, 2017 22:53:27 GMT
Re- large corporate bonds (WIsealpha) - True, however, these companies mostly come with hefty balance sheets, bond holders throughout the financial industry and a fully regulated and systematic procedure in the event of default.
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on Oct 1, 2017 15:19:26 GMT
Can AC be called a P2P platform since it receives money from Financial institutions ?
I don't know the %, it would be interesting to know.
|
|
ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
|
Post by ashtondav on Oct 1, 2017 16:24:49 GMT
Can AC be called a P2P platform since it receives money from Financial institutions ? I don't know the %, it would be interesting to know. Many others do that too.
|
|
|
|
Post by albermarle on Oct 1, 2017 18:14:57 GMT
I guess the thing that I'm struggling with is the difference in "secured loans". With WiseAlpha it seems to be higher quality assets due to the higher quality of the business seeking the loan or issuing the bond. How do you guys gauge the value of any securities with the more p2p focused lenders? If you read the forum for various P2P sites , including Assetz Capital, Lendy, Money Thing, Collateral etc there is a lot of debate about how good ( or not ) the security is for various loans. Especially if it a P2P loan for property development , where the value of the initial land and the values of the proposed final development are 'open to interpretation' There seems to be a consensus that Assetz Capital is doing more detailed due diligence on the loans than some others , plus they also look at the borrower profile/history, which some others do not. The downside of this is that the interest rate they offer is significantly lower for these type of loans than there competitors.
|
|
