jonbvn
Member of DD Central
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Post by jonbvn on Sept 17, 2018 8:16:04 GMT
I just saw that a new loan has appeared in the pipeline, which is an existing FS loan. I assume it is the same loan(s) that moved across from Lendy (SS)?
I note that it was quite a popular loan on FS due to the low LTV, but that there appear to be some confusion over the valuation.
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r00lish67
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Post by r00lish67 on Sept 17, 2018 9:14:27 GMT
I just saw that a new loan has appeared in the pipeline, which is an existing FS loan. I assume it is the same loan(s) that moved across from Lendy (SS)? I note that it was quite a popular loan on FS due to the low LTV, but that there appear to be some confusion over the valuation. What confusion are you referring to? There's certainly doubt, but then a vast amount of P2P valuations range from mildly to horrendously doubtful. I'm in this on FS currently - as I see it: 1) As of September 2017, it was valued at £2.83m. 2) Since then, the south field has had planning approved with 4 lodges being built and pre-sold. On the North field, there are 9 more lodges/mini-lodges than previously. As a result, the valuation now stands at £3.33m, making this a nominal 18% LTV loan. Now, we've yet to see this latest VR, and I've no doubt there will be endless ways in which we can chip down on the supposed value, but ultimately it would have to be 500% overvalued for us to be in a position to lose money in the event of default. That has to be worth a look at, and I suspect if it arrives on MT it will be taken up very quickly. Pity I don't really want to invest on MT anymore  might do though.
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Post by marcusponds on Sept 17, 2018 10:25:02 GMT
Did anyone get an email about the new loan?
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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 17, 2018 10:33:45 GMT
Did anyone get an email about the new loan? It's not a new loan yet, just in the pipeline so not confirmed.
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oldtimer
Member of DD Central
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Post by oldtimer on Sept 17, 2018 10:33:49 GMT
There was a pipeline update yesterday afternoon (16th). Email received about 15:25
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Post by dan1 on Sept 17, 2018 10:33:51 GMT
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jonbvn
Member of DD Central
Posts: 326
Likes: 95
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Post by jonbvn on Sept 17, 2018 23:44:43 GMT
I just saw that a new loan has appeared in the pipeline, which is an existing FS loan. I assume it is the same loan(s) that moved across from Lendy (SS)? I note that it was quite a popular loan on FS due to the low LTV, but that there appear to be some confusion over the valuation. What confusion are you referring to? There's certainly doubt, but then a vast amount of P2P valuations range from mildly to horrendously doubtful. I'm in this on FS currently - as I see it: 1) As of September 2017, it was valued at £2.83m. 2) Since then, the south field has had planning approved with 4 lodges being built and pre-sold. On the North field, there are 9 more lodges/mini-lodges than previously. As a result, the valuation now stands at £3.33m, making this a nominal 18% LTV loan. Now, we've yet to see this latest VR, and I've no doubt there will be endless ways in which we can chip down on the supposed value, but ultimately it would have to be 500% overvalued for us to be in a position to lose money in the event of default. That has to be worth a look at, and I suspect if it arrives on MT it will be taken up very quickly. Pity I don't really want to invest on MT anymore might do though. Given the apparent attraction of this loan, why has it moved from Lendy to FS and now to MT?
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johni
Member of DD Central
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Post by johni on Sept 18, 2018 7:02:15 GMT
Presumably better interest rate for the borrower
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might do though.
