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Post by Proptechfish on Dec 5, 2018 19:46:04 GMT
I can't find any discussion about this loan at all, unless i've missed it. On the surface it looks like a reasonable offering, yet it's filling very slowly and might not even fill. Anybody care to add a perspective on what seems to be wrong with this loan ?
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justme
Member of DD Central
Posts: 203 
Likes: 89
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Post by justme on Dec 5, 2018 20:11:36 GMT
There is another loan of this company drawn down in July which trades at huge discount - it is surprising present offer fills at all as if one was interested it would be more advantageous to buy at discount at secondary market.
I am sure someone else will be here and give more details on reasoning.
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nw99
Posts: 340 
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Post by nw99 on Dec 5, 2018 22:06:40 GMT
You have covered it entirely , plus many waiting to hear about the paused loans.
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Post by Proptechfish on Dec 5, 2018 22:29:45 GMT
There is another loan of this company drawn down in July which trades at huge discount - it is surprising present offer fills at all as if one was interested it would be more advantageous to buy at discount at secondary market. I am sure someone else will be here and give more details on reasoning. Ok thanks for that, i didn't clock the secondary market factor
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Dec 6, 2018 14:27:42 GMT
There is another loan of this company drawn down in July which trades at huge discount - it is surprising present offer fills at all as if one was interested it would be more advantageous to buy at discount at secondary market. I am sure someone else will be here and give more details on reasoning. I’m not in these but possibly liquidity of different tranches and instant returns which are risk free (platform risk aside) until/if drawn. Also, from what I saw on here a different security mix.
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Post by Ace on Jan 2, 2019 8:11:19 GMT
Last day for funding on this loan and under £2k needed to cross the minimum required line. Surely ABL will let this one through somehow!
I'm not in this one as it's sister loan sells at a discount on the SM, but I hope it makes it.
Interesting that this loan is for a minimum of £250k, but it's sister loan has already repayed over £80k in a few short months due to amortization.
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boundah
Member of DD Central
Posts: 367
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Post by boundah on Jan 3, 2019 15:18:03 GMT
Last day for funding on this loan and under £2k needed to cross the minimum required line. Surely ABL will let this one through somehow! I'm not in this one as it's sister loan sells at a discount on the SM, but I hope it makes it. Interesting that this loan is for a minimum of £250k, but it's sister loan has already repayed over £80k in a few short months due to amortization. Across the 250k line now.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 387
Likes: 388
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Post by brianlom1 on Aug 10, 2020 23:19:18 GMT
ablrate - when I place a bid for this loan on the secondary market, I receive the following error message: "No amount could be traded. Reason: Unfortunately we cannot place this offer. This is an amortising loan and as such we only allow the offer to be valid until the next payment date. If you change the date valid to 13/08/2020 we can list your offer." I assume there must be a bug in the system? Edit: I receive essentially the same message when I attempt to buy 1000140 on the SM
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Post by ablrate on Aug 11, 2020 13:21:41 GMT
Sorry for the late response, something is up with proboards (or my laptop) as it keeps denying my password and I am having to change it every time... anyway, from their bugs to ours. Yes, this has been coming up but we thought it had been fixed. It has been when we have changed the status of amortising loans to interest only and then back again that seems to have caused the problem. I have reported it again and will get it fixed soon.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 387
Likes: 388
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Post by brianlom1 on Aug 14, 2020 15:32:25 GMT
ablrate - update please, the error mode still exists
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