rs
Member of DD Central
Posts: 467 
Likes: 254
|
Post by rs on Jan 15, 2019 12:59:17 GMT
This loan initially went live on 1st March 2016. Nearly 3 years of interest at assumed 17%. Lets hope FS have checked the boat is still there and in working order.
|
|
rs
Member of DD Central
Posts: 467
Likes: 254
|
Post by rs on Jan 15, 2019 13:02:33 GMT
I forgot to mention that the valuation attached to this loan is dated Feb 2016. Do boats always go up in value or maintain their value?
|
|
|
|
Post by df on Jan 15, 2019 19:23:09 GMT
I forgot to mention that the valuation attached to this loan is dated Feb 2016. Do boats always go up in value or maintain their value? Apparently depreciation is very low for older boats as long as they are maintained in good condition. Whether valuation is correct or not is another matter. I personally have very little trust in valuations, most of them appear to be wrong when it comes to recoveries. I have a small amount in this loan for a couple of years now, keep renewing, but not increasing.
|
|
kielbasa
Member of DD Central
Posts: 246
Likes: 411
|
Post by kielbasa on Jan 15, 2019 20:01:05 GMT
Let's hope it doesn't turn out to be a 52" Sports Cruiser.
|
|
rs
Member of DD Central
Posts: 467
Likes: 254
|
Post by rs on Jan 15, 2019 21:01:25 GMT
Still about 30% of the loan left to full! There must be something interesting showing on tv.
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Jan 15, 2019 22:23:55 GMT
Still about 30% of the loan left to full! There must be something interesting showing on tv. There was..the real world..common denominator ?..both holed below the waterline
|
|
Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
|
Post by Godanubis on Jan 16, 2019 1:00:09 GMT
Still about 30% of the loan left to full! There must be something interesting showing on tv. There was..the real world..common denominator ?..both holed below the waterline Ah but we’re the holes made by crashing into the rocks or by being torpedoed ? Would be good thing Insurance would pay out and we all know how high these valuations are. Have we stumbled on the solution to all delinquent loans. Never mind the receivers. Just send Knuckles and Big Jimmy round with a big can of petrol ⛽️ After checking the the placement of the insurance at full valuations 
|
|
|
|
Post by df on Jan 16, 2019 14:44:06 GMT
Let's hope it doesn't turn out to be a 52" Sports Cruiser. Like stonehenge in Spinal Tap? Unfortunately, FS DD procedures up to date give lenders a lot of room for interpretations.
|
|
|
|
Post by mrclondon on Mar 11, 2019 23:56:32 GMT
Repaid in full just 55 days into its latest six month term.
|
|
|
|
Post by wavydavy on Mar 13, 2019 10:56:03 GMT
REPAID! Well... not all boats are bad news on FundingSecure... and shows that some borrowers take their responsibilities to investors seriously.
|
|
