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Post by spareapennyor2 on Mar 3, 2019 10:26:22 GMT
showing in my investments pending
believe it will only show on properties when drawndown?
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Post by sayyestocress on Mar 3, 2019 14:07:11 GMT
It got mentioned on seedrs that it's a bug due to updates on the website
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Post by Ace on Mar 3, 2019 14:10:35 GMT
It should be showing under properties now, otherwise investors wouldn't know that the opportunity existed. I informed Brickowner a week ago. They said that they were investigating the issue and it should be fixed soon.
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Post by Proptechfish on Mar 3, 2019 15:55:35 GMT
Just checked and it's still not showing on my account
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Post by spareapennyor2 on Mar 9, 2019 11:22:58 GMT
Proptechfish
now showing again on properties page
56% filled L** E****
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Post by Proptechfish on Mar 9, 2019 11:34:53 GMT
Proptechfish now showing again on properties page 56% filled L** E**** So it is. Well that was a mystery. Thanks
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Post by spareapennyor2 on Jun 3, 2019 7:59:26 GMT
new deal now showing 3/6/19
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Post by spaetzuender on Jul 26, 2019 17:44:59 GMT
Hi, thinking about investing in Brickowner. Anyone aware of the current round on Seedrs?
I recognized they changed the fee strategy form mainly investor now to property developer or asset manager. Does anyone know when they changed this approach?
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Post by spaetzuender on Jul 26, 2019 17:46:32 GMT
Here are the details:
„Brickowner outlines their fees within the property term sheet for each specific investment. They typically charge 2 fees to the property asset manager / developer:
1. 0.75% per annum of the amount invested.
2. An upfront placement fee of between 2-5%.“
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benaj
Member of DD Central
N/A
Posts: 5,591 
Likes: 1,735
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Post by benaj on Oct 25, 2019 11:05:26 GMT
Latest withdrawal experience after receiving incentive payment. Last than 24 hours.  |
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Post by Ton ⓉⓞⓃ on Aug 1, 2021 11:28:44 GMT
Latest funding round is to close soon on Seedrs
153% Filled Valuation=£13.7M, Target=£200,001, No. of Investors=388
Quote from site
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Post by Ace on Sept 1, 2022 16:24:09 GMT
I gather that the E**t s***t project is a total wipeout for BO investors. I'm not in that loan (my commiserations to those that are), but I am in lots of others on the platform which are all suffering from substantial delays (one is forecasting a 16% loss).
Can anyone provide any info as to what happened? I've seen the July video update on the website, but there's no later update to indicate what the site solid for.
I'd also be interested to hear how the Blend lenders will fare on this one. Again I'm in several loans on there, but not this one.
TIA
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IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
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Post by IFISAcava on Sept 2, 2022 9:05:21 GMT
I gather that the E**t s***t project is a total wipeout for BO investors. I'm not in that loan (my commiserations to those that are), but I am in lots of others on the platform which are all suffering from substantial delays (one is forecasting a 16% loss). Can anyone provide any info as to what happened? I've seen the July video update on the website, but there's no later update to indicate what the site solid for. I'd also be interested to hear how the Blend lenders will fare on this one. Again I'm in several loans on there, but not this one. TIA Developer decided that site was uneconomic to develop due to delays, planning, COVID, increased construction costs - auctioned site off, realized funds covered senior loan and part of junior loan. Nothing left for equity investors. Most of the "mature" projects on Brickowner seem to be running at a loss, I guess that's the risk of equity investment in property development. I'd worry about the platform's viability longer term.
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IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
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Post by IFISAcava on Sept 2, 2022 9:11:14 GMT
Latest deal 72% over 3 years, erm what ! Too good to be true ? no - it's high risk so losing 72% also a not unlikely outcome but I had a dabble as it's capital gains (if it makes a profit) not income. Interestingly the current estimated return on this has fallen to 20.95% Vast majority of deals seem to have reduced estimates of return (or estimated losses) as they get closer to exit (and exit is also usually delayed by some years).
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IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
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Post by IFISAcava on Nov 8, 2022 18:17:59 GMT
More and more Brickowner projects hitting trouble.
More big capital losses on the way: after the total wipeout at E**t S****t, looking like over 50% losses at R****t H***e and C*****e S****e
The risks of leveraged property development in a falling housing market.
Better find some capital gains to offset! (Only question is where are they...?)
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