Axia Funder

The new investment opportunity will have been loaded onto the website shortly before equity investors were notified by email at 17:47 yesterday. 

No, none of them have fully paid back yet. The first one has now repaid about half of the invested capital with associated profits.

They tend to repay in roughly 10% chunks as underlying cases resolve. I've received 22 tranches of such repayments so far across the first 7 HDR loans. So, roughly 2.2 loan's worth out of those 7. All of these are via the same law firm. I'd expect repayments from the second law firm to start this month.

So far, it looks like we're on target to receive around the anticipated 20% XIRR. None of my resolved cases have gone to trial yet. Perhaps more of the cases that resolve later will go via the courts, which could skew returns either way. As you say, we won't know for sure until one of the loans fully repays, and even then the performance of one law firm may not be comparable with that of another.

I'm in 16 HDR loans so far, possibly all of them. I'm finding the regular repayments very useful for cash flow. It's now possible for me to fund new cases purely from repayments from existing cases, though I am tempted to add a bit more occasionally.

The first HDR loan is now 17.5 months into its journey. I'd expect the vast majority of its cases to have concluded by its 2 year anniversary. There could be the odd few cases still dragging on after that. This is longer than was originally forecast due to the higher than expected number of cases that have needed to be replaced. Having a case replaced after say 6 months would obviously add roughly 6 months to the likely end date. If that replacement also needed to be replaced it would add a further delay.

Have wondered the same thing, my thoughts are.
1.  very quiet.
2. These are the best offerings so selected on quality over quantity 
3. These are the only offerings.
None   im very happy with theae hdr loans, but would like to see a more varied lender pool, after all this is quite a widespread housing problem.

Having recently signed up to my 18th HDR loan I decided that it was about time I got round to calculating the XIRR for the 22 repayments so far across the 7 loans that have started repaying.

The answer is 20.26%.

I've allowed for the small amount of cash drag that occurs between committing funds to a loan and the loan actually starting. I realise that this figure would differ from the average investor's return because I haven't invest equal amounts in each loan. So, I've also calculated what the XIRR would be if I had invested the same amount in each loan. 

The answer is 19.93% . For each £1k invested per loan, i.e. £7k across the 7 loans that have made repayments,  £2,250 capital and £421.19 profit would have been returned so far. (If £1k was invested per loan then there would obviously be another £11k invested across the other 11 later loans that have not had any repayments yet).

Now I have the data set up in a spreadsheet, I'll update the figures when future repayments come in. 

This topic could probably benefit from its own thread. Mods, is it time for AF to get its own board? 

A 23rd tranche repayment has been announced today, the 5th tranche for case #3949 with a 39.2% profit. 

I've assumed the repayment will be made to lenders tomorrow (they usually hit our accounts the day after the announcement, I'll update the figures if not).

This takes the overall XIRR for my HDR case investments to 20.50%.

Assuming an equal amount was invested in each of the 7 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 20.35%. For each £1k equal investment (£7k across the 7 loans), £2,350 of capital and £460.41 profit would have been paid so far. 

A 24th HDR tranche repayment has been announced today, the 6th tranche for case #3907 with a 43.3% profit.

I've assumed the repayment will be made to lenders tomorrow (they usually hit our accounts the day after the announcement, I'll update the figures if not).
EDIT: Payment was received on Monday 20th Nov. Figures have been updated accordingly. 

This takes the overall XIRR for my HDR case investments to 21.10% 21.09%.

Assuming an equal amount was invested in each of the 7 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 20.77% 20.76%. For each £1k equal investment (£7k across the 7 loans), £2,460 of capital and £508.04 profit would have been paid so far.