mrdc
Member of DD Central
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Post by mrdc on Apr 18, 2020 19:19:41 GMT
Loanpad can we have an update for the defaulted loan (9922376) please, as it's latest extension ran out yesterday. Another 2 due 24/4 and 8 in may. Could be interesting !
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Post by mrclondon on Apr 21, 2020 11:45:06 GMT
Loanpad can we have an update for the defaulted loan (9922376) please, as it's latest extension ran out yesterday. Has been extended by just a couple of weeks to 1st May.
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Post by mrclondon on Apr 21, 2020 11:46:06 GMT
Loanpad - the link to the pdf for today's new loan (9259355) is broken .... in the meantime using 257 in the url from another loan's pdf appears to work.
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Post by Ace on Apr 21, 2020 11:54:13 GMT
Loanpad - the link to the pdf for today's new loan (9259355) is broken. The link works for me (presumably fixed since you posted). A bullish position from loanpad, taking on a new development loan at 50% LTV. Though it still leaves about £300k of available liquidity.
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IFISAcava
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Post by IFISAcava on Apr 22, 2020 19:34:41 GMT
Loanpad - the link to the pdf for today's new loan (9259355) is broken. The link works for me (presumably fixed since you posted). A bullish position from loanpad, taking on a new development loan at 50% LTV. Though it still leaves about £300k of available liquidity. £315K today Anyone know how many tranches LP may be committed to financing under current loans? That would squeeze liquidity (a la AC). I sold out my LP holdings but am currently umming and ahing about getting back into LP for a modest amount - 4% for instant access cf base rates is not bad, but is it enough for the risk of being locked in and capital loss?
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IFISAcava
Member of DD Central
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Likes: 3,018
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Post by IFISAcava on Apr 22, 2020 19:36:22 GMT
Loanpad can we have an update for the defaulted loan (9922376) please, as it's latest extension ran out yesterday. Another 2 due 24/4 and 8 in may. Could be interesting ! Yeah, this is concerning
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Post by Ace on Apr 22, 2020 20:26:44 GMT
The link works for me (presumably fixed since you posted). A bullish position from loanpad, taking on a new development loan at 50% LTV. Though it still leaves about £300k of available liquidity. £315K today Anyone know how many tranches LP may be committed to financing under current loans? That would squeeze liquidity (a la AC). I sold out my LP holdings but am currently umming and ahing about getting back into LP for a modest amount - 4% for instant access cf base rates is not bad, but is it enough for the risk of being locked in and capital loss? I'm not aware that Loanpad have any firm commitments for future lending. I would expect that the lending partner will have commitments, but I think that Loanpad are free to accept or reject any requests for future lending depending on available funds. Probably best fo check directly with Loanpad. They've been very responsive to questions I've asked via the platform's "Contact Us". They seem to be sailing through the crisis better than most. The free cash did drop to zero at one point, but has been steadily climbing again since, and the number of investors is also steadily rising.
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Post by Badly Drawn Stickman on Apr 22, 2020 20:37:24 GMT
£315K today Anyone know how many tranches LP may be committed to financing under current loans? That would squeeze liquidity (a la AC). I sold out my LP holdings but am currently umming and ahing about getting back into LP for a modest amount - 4% for instant access cf base rates is not bad, but is it enough for the risk of being locked in and capital loss? I'm not aware that Loanpad have any firm commitments for future lending. I would expect that the lending partner will have commitments, but I think that Loanpad are free to accept or reject any requests for future lending depending on available funds. Probably best fo check directly with Loanpad. They've been very responsive to questions I've asked via the platform's "Contact Us". They seem to be sailing through the crisis better than most. The free cash did drop to zero at one point, but has been steadily climbing again since, and the number of investors is also steadily rising. Obviously its for individual investors to decide its relevance, but I would suggest it is not Loanpad wearing the trousers in the relationship with the lending partner.
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Post by Ace on Apr 22, 2020 20:48:20 GMT
I'm not aware that Loanpad have any firm commitments for future lending. I would expect that the lending partner will have commitments, but I think that Loanpad are free to accept or reject any requests for future lending depending on available funds. Probably best fo check directly with Loanpad. They've been very responsive to questions I've asked via the platform's "Contact Us". They seem to be sailing through the crisis better than most. The free cash did drop to zero at one point, but has been steadily climbing again since, and the number of investors is also steadily rising. Obviously its for individual investors to decide its relevance, but I would suggest it is not Loanpad wearing the trousers in the relationship with the lending partner. Whilst they may not be wearing the trousers, they've been good at stashing cash in their skirt pockets and handing it back to lenders whenever requested. I've tested this several times with fairly substantial sums.
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Post by Ace on Jul 1, 2020 13:45:31 GMT
It seems that the largest loan in the Loanpad portfolio is now £900k (9.2% of the total funds on the platform today). This loan is also at the maximum LTV allowed of 50%. There are now 3 loans greater than Loanpad's previously stated maximum of £750k (26% of the total funds on the platform today). There are 6 loans over £500k (47.7% of the total funds on the platform today). Loanpad you previously informed lenders (email of 4/10/2019) that the maximum loan size would increase from £500k to £750k. I don't appear to have received any notification that this was increased further. Perhaps an update to lenders is due. I'm not suggesting that I'm unhappy with the increase, after all the increase to £900k represents a smaller proportion of the loanbook than the increase to £750k did at the time. However, it would have been nice to have been kept informed. Perhaps it would be sensible to have a maximum loan commitment expressed as a percentage of the platform funds. E.g. a current 10% maximum with a future target of a 5% maximum by the time the loanbook size reaches £20m. Just a thought. Overall I'm very happy with my Loanpad investment. It forms an increasingly important roll at the lower end of the risk/reward scale in my portfolio. |
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Post by Ace on Jul 6, 2020 12:00:13 GMT
Total funds on the platform crossed the £10,000,000 point for the first time today. Congratulations Loanpad. |
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firedog
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Post by firedog on Jul 14, 2020 11:49:38 GMT
I see one of the two projects being supported by the Interest Cover Fund has repaid in full.
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Post by Ace on Jul 14, 2020 13:29:33 GMT
I see one of the two projects being supported by the Interest Cover Fund has repaid in full. Good news, but I can't help but wonder if they're finding it harder to deploy funds. They recently adjusted the referral scheme to make it less generous, and are currently paying investors Interest on over £1.2m of uninvested funds. Which also explains why they're happy to give instant access to premium account funds for a small fee. A new (extra) lending partner would help.
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mrdc
Member of DD Central
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Post by mrdc on Jul 14, 2020 14:16:07 GMT
I see one of the two projects being supported by the Interest Cover Fund has repaid in full. Good news, but I can't help but wonder if they're finding it harder to deploy funds. They recently adjusted the referral scheme to make it less generous, and are currently paying investors Interest on over £1.2m of uninvested funds. Which also explains why they're happy to give instant access to premium account funds for a small fee. A new (extra) lending partner would help. Totaly agree with the above Ace as long as the new partners are as good as the Handf's. Just re read the july update email and they state they have a v good pipeline of new loans over the next few weeks, perhaps they could put some details on the upcoming loans tab. This is my favorite platform by far so i hope they continue the good work.
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firedog
Member of DD Central
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Post by firedog on Jul 20, 2020 7:52:05 GMT
I see there are new entries in the Upcoming Loans section this morning - four of them, 900k value. Can't seem to download the details though.
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