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Post by powertool on Dec 18, 2017 19:58:08 GMT
What happens if pre-funding of a pipeline loan is not enough to meet the value of the loan? Is there a chance of the loan being cancelled or does Lendy always fill the gap themselves? If Lendy fills the gap themselves do they ever hold on to loan parts or do they put it all on the SM?
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elliotn
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Post by elliotn on Dec 18, 2017 21:55:44 GMT
Loan could get pulled. Ly no longer hold loan parts for regulatory reasons. Underwriters may hold it and for development loans they advised unfilled parts would queue jumo to avoid them holding although recently for sizeable parts they have relaunched in the pipeline with the same update.
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zlb
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Post by zlb on Dec 21, 2017 18:44:56 GMT
Although slightly different, they do launch loans with insufficient investment, and they stay that way. Perhaps the money isn't required? Or is it obtained elsewhere? They seem like quite large sums, and seem to continue too stay that way, even if there is investment and sale.
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