star dust
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Post by star dust on Sept 21, 2014 16:39:46 GMT
Three new PBLs (11-13) have appeared in the pipeline - stage 3. All different sizes total loan value £1.5 million; but all apparently for the same thing  - some mistake surely? Or someone can't make up their mind on how large a loan to take on - ones to watch maybe. |
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oldgrumpy
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Post by oldgrumpy on Sept 21, 2014 16:58:31 GMT
Three new PBLs (11-13) have appeared in the pipeline - stage 3. All different sizes total loan value £1.5 million; but all apparently for the same thing - some mistake surely? Or someone can't make up their mind on how large a loan to take on - ones to watch maybe. Aaaaaaaaaaaaahhh! Posh Boat Loans  ........ aaaaaaaaahhhhhhhhhh! No such luck. 
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Post by savingstream on Sept 21, 2014 18:01:06 GMT
1 borrower, 3 separate loans on 3 separate properties, all of the same type, all in Surrey. All Restaurants ground floor (A3 planning use) with residential upper floors (C3 planning use).
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Liz
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Post by Liz on Sept 21, 2014 18:09:32 GMT
I think they will fill quick. Money coming in from AC? TC?
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Investor
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Post by Investor on Sept 21, 2014 18:16:28 GMT
1 borrower, 3 separate loans on 3 separate properties, all of the same type, all in Surrey. All Restaurants ground floor (A3 planning use) with residential upper floors (C3 planning use). any best guesses and to when they might go live?
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Post by savingstream on Sept 21, 2014 18:31:37 GMT
We hope to go live with these before the end of the month.
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Liz
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Post by Liz on Sept 21, 2014 18:35:33 GMT
We hope to go live with these before the end of the month. Great, I should have £2-3k to put into these in the next 2 weeks.
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star dust
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Post by star dust on Sept 21, 2014 18:58:22 GMT
Aaaaaaaaaaaaahhh! Posh Boat Loans ........ aaaaaaaaahhhhhhhhhh! No such luck. No, looks like it's official, none of the Restaurants are floating ones.
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mikes1531
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Post by mikes1531 on Sept 22, 2014 3:35:33 GMT
I think they will fill quick. Money coming in from AC? TC? I don't think they'll fill that quickly. I realise that recent boat loans have filled very quickly, but they were tiny by comparison with the amount being requested on these three loans. I could be wrong, of course.
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merlin
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Post by merlin on Sept 22, 2014 6:50:36 GMT
I think they will fill quick. Money coming in from AC? TC? I don't think they'll fill that quickly. I realise that recent boat loans have filled very quickly, but they were tiny by comparison with the amount being requested on these three loans. I could be wrong, of course. You could well be right with LTV's below 70% and 12% return they will look almost aggressively attractive to investors from elsewhere particularly against the current offerings from AC and TC who lets face it, seem to have gone to sleep. I will have to keep my trigger finger poised over the buy button if as promised these launch before the end of the month.
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ramblin rose
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Post by ramblin rose on Sept 22, 2014 8:51:09 GMT
Based on previous PBL fill timing I'd estimate a day or two for the 341K, several days for the 406K and longer for the 780K. If they all went out together it might make them all a bit slower as available cash would be distributed rather than concentrated (at least that's how it would be for me).
Boat loan filling tells us nothing about PBLs - everybody wants them and they are very small by comparison. With the PBLs there is generally a flurry of fast investment for the first day or two and then it slows down. That first day or two manages to fill the comparatively small ones, but not the larger ones. My general observation is that each PBL that comes out is filling a bit faster each time as more and more lenders come on board here. Is that growth curve exponential? I guess we're getting close to the point of finding that out.
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Investor
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Post by Investor on Sept 22, 2014 9:16:21 GMT
Based on previous PBL fill timing I'd estimate a day or two for the 341K, several days for the 406K and longer for the 780K. If they all went out together it might make them all a bit slower as available cash would be distributed rather than concentrated (at least that's how it would be for me). Boat loan filling tells us nothing about PBLs - everybody wants them and they are very small by comparison. With the PBLs there is generally a flurry of fast investment for the first day or two and then it slows down. That first day or two manages to fill the comparatively small ones, but not the larger ones. My general observation is that each PBL that comes out is filling a bit faster each time as more and more lenders come on board here. Is that growth curve exponential? I guess we're getting close to the point of finding that out. RR Growth curve of SS investors is not yet exponential (blue line on graph below) but certainly seems to be about the right rate for their loan growth. Agree with your time-scales if these were 'independent' PBLs however as all three are from a single borrower I think many investors will see a higher risk and will adjust their exposure accordingly which may slow these down a little. 
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 22, 2014 9:27:24 GMT
Based on previous PBL fill timing I'd estimate a day or two for the 341K, several days for the 406K and longer for the 780K. If they all went out together it might make them all a bit slower as available cash would be distributed rather than concentrated (at least that's how it would be for me). Boat loan filling tells us nothing about PBLs - everybody wants them and they are very small by comparison. With the PBLs there is generally a flurry of fast investment for the first day or two and then it slows down. That first day or two manages to fill the comparatively small ones, but not the larger ones. My general observation is that each PBL that comes out is filling a bit faster each time as more and more lenders come on board here. Is that growth curve exponential? I guess we're getting close to the point of finding that out. RR Growth curve of SS investors is not yet exponential (blue line on graph below) but certainly seems to be about the right rate for their loan growth. Agree with your time-scales if these were 'independent' PBLs however as all three are from a single borrower I think many investors will see a higher risk and will adjust their exposure accordingly which may slow these down a little. Thanks for the graph - a picture paints a thousand words! Yes, I (purely intuitively) knew it wasn't yet exponential, but it could reach a tipping point - I guess it depends what happens when (not if) the early PBLs go into default. If that's all handled well, then more might be tempted over to the dark side. Yes, it will be interesting to see what reaction there is to three large loans with a single borrower. My view is that the vast majority won't be influenced by this, but there will undoubtedly be a fair number who are.
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merlin
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Post by merlin on Sept 22, 2014 10:12:07 GMT
Collectively the three loans are still smaller than 005 which has been running for quite awhile and still with 15% to go. Always difficult to predict these things but your guesses would seem to fit as good as any guess I could make.
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ramblin rose
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Post by ramblin rose on Sept 22, 2014 10:19:13 GMT
Collectively the three loans are still smaller than 005 which has been running for quite awhile and still with 15% to go. Always difficult to predict these things but your guesses would seem to fit as good as any guess I could make. The thing to remember with PBL 005 is that since the underwriter's half of it went on sale a fair amount of the original half has also been recycled through it on the SM. Obviously I've no idea exactly how much, but I've put through all of that part of mine on which I didn't take up-front interest, and I've seen the percentage available go up on a very regular basis. It certainly will be a help when the underwriter portion finally hits zero and we can see clearly how much gets recycled.
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- some mistake surely? Or someone can't make up their mind on how large a loan to take on - ones to watch maybe.
........ aaaaaaaaahhhhhhhhhh! No such luck. 
