adrian77
Member of DD Central
Posts: 3,920 
Likes: 4,145
|
Post by adrian77 on Jan 13, 2018 15:01:05 GMT
agreed and I suspect the FS rate is a tad higher!
sorry my mistake - LTV still looks worryingly high to me...epecially if this borrower has no additional cash reserves and these assets are not income generating.
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Jan 17, 2018 10:31:14 GMT
I note earlier tranches can be bought on the SM with a best effective rate of 23.68% so, unless I am missing something, I reaaly don't understand why this latest loan is still selling and looks about to fill? Wonder if there will be any more releases?
|
|
Doc
Member of DD Central
Posts: 196
Likes: 211
|
Post by Doc on Jan 17, 2018 11:04:40 GMT
I note earlier tranches can be bought on the SM with a best effective rate of 23.68% so, unless I am missing something, I reaaly don't understand why this latest loan is still selling and looks about to fill? Wonder if there will be any more releases? Most probably because it's a completely different loan. 
|
|
|
|
Post by dan1 on Jan 17, 2018 11:06:11 GMT
I note earlier tranches can be bought on the SM with a best effective rate of 23.68% so, unless I am missing something, I reaaly don't understand why this latest loan is still selling and looks about to fill? Wonder if there will be any more releases? Tax. The only rate of interest is the 'effective' rate after tax, i.e. the rate you quote applies to Ltd companies, ISA, and tax payers within their allowances.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 18, 2018 23:12:20 GMT
Finally reached full funding today, and has now been activated.
Took nearly a month.
|
|
|
|
Post by rookyone on May 25, 2018 10:55:40 GMT
Just been taken of the secondary market under the 30 days to renewal rule. In the secondary market queue I was down on page 11 with over 100K in front of me when the door slammed closed...  Here's hoping it renews ok, I guess a lot of folk will also have their fingers crossed. |
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Mar 19, 2019 9:43:15 GMT
fundingsecure....Can you please update this loan.... It has been overdue since Xmas There has been a redemption request since Jan. It is now nearly April and no repayment or update Thanks
|
|
|
|
Post by emcg on Oct 25, 2019 10:36:25 GMT
We had an update on this one today along with the other NI loans:
"Further to the formal demand sent to the borrower we had no response to deadlines set for proposals to be received and have now formally appointed receivers"
I haven't looked at this one in a while, as I don't have too much in it, but was Property 2, which was valued at £280K, sold with only £100k returned to investors or have I made a silly mistake? It appears that the security value was reduced by £110k from £765k to £655k. I am hoping that it was Property 4 that was sold which was valued at £110k. Otherwise, it's no wonder the borrower has went quiet on this loan too!
|
|
arby
Member of DD Central
Posts: 910
Likes: 959
|
Post by arby on Oct 25, 2019 11:06:44 GMT
We had an update on this one today along with the other NI loans: "Further to the formal demand sent to the borrower we had no response to deadlines set for proposals to be received and have now formally appointed receivers" I haven't looked at this one in a while, as I don't have too much in it, but was Property 2, which was valued at £280K, sold with only £100k returned to investors or have I made a silly mistake? It appears that the security value was reduced by £110k from £765k to £655k. I am hoping that it was Property 4 that was sold which was valued at £110k. Otherwise, it's no wonder the borrower has went quiet on this loan too! I interpreted it the same earlier this morning and was wondering how this escaped me 6 months ago.
|
|
|
|
Post by mrclondon on Nov 12, 2019 18:46:33 GMT
Loan has been defaulted on the website.
|
|
