|
|
Post by alexp2p on Feb 13, 2019 10:04:18 GMT
There is the same borrower for the Edgbaston Residential, Handsworth Mixed Use, Hockley And Newtown Mixed Use Portfolio, and Jewellery Quarter Office Portfolio loan.
For risk reduction and diversification purposes probably sensible to take only one loan.
|
|
lobster
Member of DD Central
Posts: 636 
Likes: 467
|
Post by lobster on Feb 26, 2019 12:51:52 GMT
There are now 5 loans to this same borrower totalling over 5.6m .
Fairly tempted with the 50% LTV on four of them, but just wondering if it would be wise to invest with a borrower with such a heavy exposure to Proplend. Mmmm , any thoughts out there ?
|
|
liso
Member of DD Central
Posts: 389 
Likes: 394
|
Post by liso on Feb 26, 2019 13:23:30 GMT
The borrowers appear to have a fairly solid track record and some of their loans appear solid.
In general, I am less concerned about borrowers' exposure to Proplend than my exposure to borrowers, so for diversification reasons I would be interested in only one, maybe two, of the loans.
And Edgbaston is unlikely to be one of them, already on the market for a long time and still unsold.
|
|
IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
|
Post by IFISAcava on Feb 26, 2019 13:44:28 GMT
The borrowers appear to have a fairly solid track record and some of their loans appear solid. In general, I am less concerned about borrowers' exposure to Proplend than my exposure to borrowers, so for diversification reasons I would be interested in only one, maybe two, of the loans. And Edgbaston is unlikely to be one of them, already on the market for a long time and still unsold. And interest rate cover of only 0.75 seems concern for Edgbaston too
|
|
IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
|
Post by IFISAcava on Feb 26, 2019 13:46:09 GMT
I have money to spare on the platform so will spread around these loans at a decent LTV.
|
|
liso
Member of DD Central
Posts: 389
Likes: 394
|
Post by liso on Feb 26, 2019 14:02:46 GMT
The borrowers appear to have a fairly solid track record and some of their loans appear solid. In general, I am less concerned about borrowers' exposure to Proplend than my exposure to borrowers, so for diversification reasons I would be interested in only one, maybe two, of the loans. And Edgbaston is unlikely to be one of them, already on the market for a long time and still unsold. And interest rate cover of only 0.75 seems concern for Edgbaston too Agreed, though interest will be held in reserve beyond the term of the loan. For me, it is the exit that is the main concern.
|
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
Post by hantsowl on Feb 26, 2019 14:05:04 GMT
For me, the most important factor with these (and any other loans) is the security on offer. Each of the loans to this borrower has a different property as security. If you rate the security as good and correctly valued, then 50% LTV should mean there is little chance of capital loss.
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Feb 26, 2019 20:19:24 GMT
Damn - I was hoping you folks would put me off  . No seriously , thanks for the input. I pretty much agree with all the above , so I may well have a modest punt. |
|
|
|
Post by ajf1985x on Feb 27, 2019 5:26:25 GMT
If the loans were cross-collateralised then I would have greater concern.
I think the valuation is on the high side however at a 50%ltv there is clear water between a true (realisable) market value and our loan.
The interest rate for handsworth is ok too, I will attempt to invest in this.
|
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
Post by hantsowl on Feb 27, 2019 7:47:16 GMT
Your "attempt" will almost certainly be successful if you switch on auto invest before ~11:30.
|
|
mjc
Member of DD Central
Posts: 342
Likes: 425
|
Post by mjc on Feb 27, 2019 8:18:13 GMT
Your "attempt" will almost certainly be successful if you switch on auto invest before ~11:30. However this will surely “dump” all of your available funds, up to 20%, into this loan? Which is not something I relish. And if it not switched off by 3pm you will get a load of G*lders Gr**n or Sev*n Sist*rs et al dumped on you as well. I’m driving in rural Wales at 12.00 so is a pain to be online between 12.00.00 and 12.00.30 to stand any chance of diversifying. ps to reduce cash drag, as the ‘transfer previous year’s ISA’ is so lengthy, I deposited funds then ‘borrowed’ them back to reinvest in a QAA and return modest sums when a loan is advised. This took a couple of hours to be credited. But - must get all borrowings repaid by 5th April!!! A faff, but until the massive shift from 20% to “1% or £1000” option is implemented, I don’t see a better alternative.
|
|
|
|
Post by markaldrich on Feb 27, 2019 8:20:51 GMT
I just add the cash I want to auto-invest the day before. Wouldn’t leave sizeable sums in cash account anyway as pays no interest.
|
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
Post by hantsowl on Feb 27, 2019 8:35:27 GMT
Your "attempt" will almost certainly be successful if you switch on auto invest before ~11:30. However this will surely “dump” all of your available funds, up to 20%, into this loan? Which is not something I relish. And if it not switched off by 3pm you will get a load of G*lders Gr**n or Sev*n Sist*rs et al dumped on you as well. I’m driving in rural Wales at 12.00 so is a pain to be online between 12.00.00 and 12.00.30 to stand any chance of diversifying. ps to reduce cash drag, as the ‘transfer previous year’s ISA’ is so lengthy, I deposited funds then ‘borrowed’ them back to reinvest in a QAA and return modest sums when a loan is advised. This took a couple of hours to be credited. But - must get all borrowings repaid by 5th April!!! A faff, but until the massive shift from 20% to “1% or £1000” option is implemented, I don’t see a better alternative. -Not necessarily correct. You can switch off Auto for PLE. Also, if buying in an isa and have a classic also, move all extra funds to the classic. Flexi isa allows this. Move funds back after switch off auto. The switch is immediate. I have done this with this years isa. Not sure of flexi rules with previous years isa.
|
|
IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
|
Post by IFISAcava on Feb 27, 2019 9:20:09 GMT
However this will surely “dump” all of your available funds, up to 20%, into this loan? Which is not something I relish. And if it not switched off by 3pm you will get a load of G*lders Gr**n or Sev*n Sist*rs et al dumped on you as well. I’m driving in rural Wales at 12.00 so is a pain to be online between 12.00.00 and 12.00.30 to stand any chance of diversifying. ps to reduce cash drag, as the ‘transfer previous year’s ISA’ is so lengthy, I deposited funds then ‘borrowed’ them back to reinvest in a QAA and return modest sums when a loan is advised. This took a couple of hours to be credited. But - must get all borrowings repaid by 5th April!!! A faff, but until the massive shift from 20% to “1% or £1000” option is implemented, I don’t see a better alternative. -Not necessarily correct. You can switch off Auto for PLE. Also, if buying in an isa and have a classic also, move all extra funds to the classic. Flexi isa allows this. Move funds back after switch off auto. The switch is immediate. I have done this with this years isa. Not sure of flexi rules with previous years isa. flexi works for all years. Uses up current year first AFAIU.
|
|
bababill
Member of DD Central
Posts: 525
Likes: 243
|
Post by bababill on Feb 28, 2019 1:20:21 GMT
And Edgbaston is unlikely to be one of them, already on the market for a long time and still unsold. hi, Where are you finding this property on the market? And how long is a "long time?"
|
|
.