KoR_Wraith
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Post by KoR_Wraith on Jul 27, 2018 9:39:06 GMT
I wonder how Ablrate determine platform fees for each loan; the fees on this loan are significantly less than recent offerings.
1000109 (the most recent SGGP loan): Admin fee 1.67% Service fee 0.33% per month (combined fees after 12 months 5.63%)
1000101 (original SGGP loan) Admin fee 4% Service fee 0.33% per month (combined fees after 12 months 8.16%)
1000108 Admin fee 3.2% Service fee 0.583% per month (combined fees after 12 months 10.19%)
1000105 Admin fee 5% Service fee 0.583% per month (combined fees after 12 months 12%)
1000103 Admin fee 4% Service fee 0.916% per month (combined fees after 12 months 15%)
1000102 Admin fee 5% Service fee 0.416% per month (combined fees after 12 months 10%)
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withnell
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Post by withnell on Jul 27, 2018 9:48:33 GMT
Probably depends on the broker - and from the perspective of the latest loan, they've recently done the Due Diligence needed so can happily take a reduced up-front fee for an additional deal
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KoR_Wraith
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Post by KoR_Wraith on Jul 27, 2018 21:22:44 GMT
Probably depends on the broker - and from the perspective of the latest loan, they've recently done the Due Diligence needed so can happily take a reduced up-front fee for an additional deal I understand how that would explain the most recent loan's low admin fee (although even the original loan is clearly cheaper than other recent offerings), but I wonder what factors explain, for example, 1000103 paying 3 times the monthly service fee? Is it perhaps related to risk - whether directly linked to guesstimated risk of default or indirectly via the borrower having no other options for more reasonable funding?
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blender
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Post by blender on Jul 27, 2018 22:23:42 GMT
Probably depends on the broker - and from the perspective of the latest loan, they've recently done the Due Diligence needed so can happily take a reduced up-front fee for an additional deal I understand how that would explain the most recent loan's low admin fee (although even the original loan is clearly cheaper than other recent offerings), but I wonder what factors explain, for example, 1000103 paying 3 times the monthly service fee? Is it perhaps related to risk - whether directly linked to guesstimated risk of default or indirectly via the borrower having no other options for more reasonable funding? You would think that the admin fee would cover actual costs in setting up the loan, otherwise they would be taking a risk, rather than being a commission agent. We also know from the portfolio loans (a fond memory) that the minimum service fee is 4% pa, which is that 0.33 pm. I wondered if the minimum guaranteed interest period, also the minimum monthly fee period, would affect the level of the monthly fee. Other than that, the monthly fee might just be the difference between what the borrower will pay and what the lenders expect to receive.
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TitoPuente
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Post by TitoPuente on Feb 11, 2021 11:32:21 GMT
Last admin note 2 months ago gave the idea that things were progressing. An update would be appreciated ablrate
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Nomad
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Post by Nomad on Mar 25, 2021 12:19:05 GMT
Last admin note 2 months ago gave the idea that things were progressing. An update would be appreciated ablrate A further month and a half has passed...
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justme
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Post by justme on Apr 13, 2021 19:10:10 GMT
Can someone tell me please why this loan is not highlighted on the list of my current loans while there is ko option of putting it up for sale?
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blender
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Post by blender on Apr 13, 2021 21:35:25 GMT
Can someone tell me please why this loan is not highlighted on the list of my current loans while there is ko option of putting it up for sale? 101 is paused and shaded yellow on ASMX, if that is your meaning. They are waiting for the assets to be sold to repay the loan. There is no chance of ever selling it, though it is not formally defaulted, just 'paused'.
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TitoPuente
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Post by TitoPuente on May 4, 2021 12:50:06 GMT
Last meaningful update almost five months ago indicated that a closing schedule was expected. Did that materialise? Any progress that could be disclosed? ablrate
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criston
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Post by criston on Jun 21, 2021 8:45:06 GMT
Can anyone please interpret the latest admin note.
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dh1
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Post by dh1 on Jun 21, 2021 8:59:38 GMT
Yep, criston. It doesn't mean anything...
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TitoPuente
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Post by TitoPuente on Sept 29, 2021 8:32:42 GMT
First Gazette notice for compulsory strike-off today in CH for M*** A*** Two Limited, the borrower.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 29, 2021 16:05:24 GMT
First Gazette notice for compulsory strike-off today in CH for M*** A*** Two Limited, the borrower. I was confused as I couldnt see this loan in existing loans but then I realised Ablrate had Keyser Sozed all the default loans on the platform. The updates on this loan are at a Lendy level of informative with multiple references to various forms of different IP though none appear to have been appointed. Everything about this loan is largely as clear as mud
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Balder
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Post by Balder on Sept 29, 2021 16:09:04 GMT
First Gazette notice for compulsory strike-off today in CH for M*** A*** Two Limited, the borrower. I was confused as I couldnt see this loan in existing loans but then I realised Ablrate had Keyser Sozed all the default loans on the platform. The updates on this loan are at a Lendy level of informative with multiple references to various forms of different IP though none appear to have been appointed. Everything about this loan is largely as clear as mud I second that ablrate how about you get the mud filter out and send those invested a understandable informative update?
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Nomad
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Post by Nomad on Sept 29, 2021 16:42:12 GMT
I was confused as I couldnt see this loan in existing loans but then I realised Ablrate had Keyser Sozed all the default loans on the platform. The updates on this loan are at a Lendy level of informative with multiple references to various forms of different IP though none appear to have been appointed. Everything about this loan is largely as clear as mud I second that ablrate how about you get the mud filter out and send those invested a understandable informative update? And the most recent update was over 3 months ago ablrate
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