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Post by df on Mar 27, 2018 15:26:55 GMT
But I do hope the DFL004 Sunbeam 14m to be repaid next month! Maybe that’s the reason Lendy putting up so many loans, I am just speculating here. To be fair, the default and suspended loans are those never got off the ground, the one that did went ahead, seems to progressing well. I have money in 4 of the big DFL's and TBH, they all seem to be progressing well to me.
DFL's 03, 04, 12 and 22.
The main reason why I invested in DFL's 3 and 22 was due to the fact that the developer had the other DFL on Ly for Block C. That was refinanced to another platform and seemed to go relatively smoothly (Maybe a few days overdue) but certainly with no hassle.
DFL 12 because the figures seemed to add up and the development was already well under way when I came to the platform. With Please turn me over updating with Pics al the time, it makes that investment seem even more solid.
DFL 04, guess I am just a sucker for nostalgia and wanted to see that building brought back to life (A bit like DFL 30!). However, it has worked out well with that DFL too.
IF these large DFL's pay off soon, this post may be irrelevant as liquidity will return, provided people don't hit the withdraw button the moment the money hits the bank! 
DFL 3, 6, 13, 20, 22 and 33 borrower also has some loans on Col. IIRC just before Col collapsed one of them was 2 months overdue. DFL 12 has less than a month left until we stop receiving interest and is in need of more funds (secondary charge loan). According to VR, the value is 4.7m, which suggests LTV 227%? The pictures look great, but I can't see it being repaid in 28 days and don't expect to get more than 40% of my capital back when it's sold at auction. I have very little faith in DFL 4 to be refinanced. The loan is about 3 times larger than fire sale value of the asset. Apologies for such pessimism. I just can't see any of these to be repaid on time and in full.
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tx
Member of DD Central
Posts: 300 
Likes: 127
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Post by tx on Mar 27, 2018 16:08:15 GMT
I have money in 4 of the big DFL's and TBH, they all seem to be progressing well to me.
DFL's 03, 04, 12 and 22.
The main reason why I invested in DFL's 3 and 22 was due to the fact that the developer had the other DFL on Ly for Block C. That was refinanced to another platform and seemed to go relatively smoothly (Maybe a few days overdue) but certainly with no hassle.
DFL 12 because the figures seemed to add up and the development was already well under way when I came to the platform. With Please turn me over updating with Pics al the time, it makes that investment seem even more solid.
DFL 04, guess I am just a sucker for nostalgia and wanted to see that building brought back to life (A bit like DFL 30!). However, it has worked out well with that DFL too.
IF these large DFL's pay off soon, this post may be irrelevant as liquidity will return, provided people don't hit the withdraw button the moment the money hits the bank!
DFL 3, 6, 13, 20, 22 and 33 borrower also has some loans on Col. IIRC just before Col collapsed one of them was 2 months overdue. DFL 12 has less than a month left until we stop receiving interest and is in need of more funds (secondary charge loan). According to VR, the value is 4.7m, which suggests LTV 227%? The pictures look great, but I can't see it being repaid in 28 days and don't expect to get more than 40% of my capital back when it's sold at auction. I have very little faith in DFL 4 to be refinanced. The loan is about 3 times larger than fire sale value of the asset. Apologies for such pessimism. I just can't see any of these to be repaid on time and in full. It’s very true. All these platforms should have used 90 day distressed sales value and never exceed 70% of that. Not the GDV from day one. That’s is assuming everything works like a dream. They never be. Only a fraction will, and people come to p2p platform for funds are most likely not able to do things smoothly.
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Post by skint4achange on Mar 27, 2018 16:15:15 GMT
DFL 3, 6, 13, 20, 22 and 33 borrower also has some loans on Col. IIRC just before Col collapsed one of them was 2 months overdue. DFL 12 has less than a month left until we stop receiving interest and is in need of more funds (secondary charge loan). According to VR, the value is 4.7m, which suggests LTV 227%? The pictures look great, but I can't see it being repaid in 28 days and don't expect to get more than 40% of my capital back when it's sold at auction. I have very little faith in DFL 4 to be refinanced. The loan is about 3 times larger than fire sale value of the asset. Apologies for such pessimism. I just can't see any of these to be repaid on time and in full. I understand your pessimism, especially as we are talking about Ly! 
DFL 12 would have to have a massive problem to go anywhere near being a problem child. With 100 unit having been sold up to September last year (If updates can be believed!!) just those sales would be enough to pay of the loan. But, like you, I don't expect it to pay back on time, loans of this size rarely do.
DFL 4 is already up and running with many of the apartments being rented out. I am hopeful that that one will repay soon. Maybe not on time, but I don't think it will go into default.
3 and 22?? Who knows, but judging by the fact that the first block was refinanced I have hope for these. It's amazing what you can get people to finance in P2P land for a 14% return! 
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Post by df on Mar 27, 2018 19:35:06 GMT
DFL 3, 6, 13, 20, 22 and 33 borrower also has some loans on Col. IIRC just before Col collapsed one of them was 2 months overdue. DFL 12 has less than a month left until we stop receiving interest and is in need of more funds (secondary charge loan). According to VR, the value is 4.7m, which suggests LTV 227%? The pictures look great, but I can't see it being repaid in 28 days and don't expect to get more than 40% of my capital back when it's sold at auction. I have very little faith in DFL 4 to be refinanced. The loan is about 3 times larger than fire sale value of the asset. Apologies for such pessimism. I just can't see any of these to be repaid on time and in full. I understand your pessimism, especially as we are talking about Ly!
DFL 12 would have to have a massive problem to go anywhere near being a problem child. With 100 unit having been sold up to September last year (If updates can be believed!!) just those sales would be enough to pay of the loan. But, like you, I don't expect it to pay back on time, loans of this size rarely do.
DFL 4 is already up and running with many of the apartments being rented out. I am hopeful that that one will repay soon. Maybe not on time, but I don't think it will go into default.
3 and 22?? Who knows, but judging by the fact that the first block was refinanced I have hope for these. It's amazing what you can get people to finance in P2P land for a 14% return!
Trying to think who could refinance 3 and 22. Col doesn't exist any more. MT realise that they can't fill large loans anymore, tricks like higher return and cash back are no longer effective. May be FS can sneak it in by splitting the loan into 3 facilities with 10 tranches in each ?
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