dermot
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Post by dermot on Oct 1, 2017 10:23:30 GMT
Is it common for a loan like the artwork to be announced and then still hanging around a week later without going live??
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stub8535
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Post by stub8535 on Oct 1, 2017 12:16:23 GMT
Is it common for a loan like the artwork to be announced and then still hanging around a week later without going live?? Yes. For a number of possible reasons. Unbolted will want everything tied down legally before releasing our money. I would rather wait for the detailed checks than a platform just hand over the money, like some platforms, and worry about the recoveries at the end of the loan. If you are worried about cash drag I think you can still reduce the figure you have asked for in the loan. With all the cash on platform I am pretty sure it would get snapped up.
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dermot
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Post by dermot on Oct 1, 2017 13:41:34 GMT
Thanks.
Not overly concerned about cash drag and will certainly keep my requested holding (sorry...).
Just that I'm a recent lender with UB and was wondering how these loans usually progressed, since this is my first art loan.
I'm getting a slowly increasing total of bling - and, like everyone, could always do with more.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Oct 1, 2017 13:50:50 GMT
Thanks. Not overly concerned about cash drag and will certainly keep my requested holding (sorry...). Just that I'm a recent lender with UB and was wondering how these loans usually progressed, since this is my first art loan. I'm getting a slowly increasing total of bling - and, like everyone, could always do with more. You have joined the platform at the same time as the many if my current allocation percentage is not twisted by the new algorithm. I believe patience is required in order to build a decent portfolio. Happy investing.
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hendragon
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Post by hendragon on Oct 2, 2017 8:29:48 GMT
In reply to the OP, just had a chat with Unbolted and the loan is expected to go through today.
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hendragon
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Post by hendragon on Oct 3, 2017 8:29:51 GMT
Could a rep from Unbolted post an update on this loan please? It would be good to shed a little more light on this one.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Oct 3, 2017 11:02:36 GMT
Could a rep from Unbolted post an update on this loan please? It would be good to shed a little more light on this one. Good on you hendragon. Live now.
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