jcb208
Member of DD Central
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Post by jcb208 on Oct 17, 2019 20:14:39 GMT
Only in the 3rd tier of these latest loans for some reason "We will be taking a 5% stake in this deal due to the risk profile being higher than that of Tier 2 and Tier 1"
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Post by Ace on Oct 17, 2019 23:05:16 GMT
any thoughts/comments on the latest batch of 3 tier loans.kuflink will not be taking any stake in these loans to leave more available for lenders[very thoughtful of them]with the way everything is now going with FS and MT and after COLL and LY i have really lost appetite for same borrower multiple loans of millions of pounds. My thoughts are the same as they are for all Kuflink multi-tier loans; the much higher risk for the higher tiers is no where near well enough compensated for in the rates. The rates for comparable loans on other platforms would have a much higher spread, more like 7%, 9% and 12%.
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Post by uksoul on Oct 18, 2019 1:25:58 GMT
Only in the 3rd tier of these latest loans for some reason "We will be taking a 5% stake in this deal due to the risk profile being higher than that of Tier 2 and Tier 1" They have a 5% stake in Tiers 2 & 3. Tier 1 is zero. Other platforms do give a better spread of interest.
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Post by Ace on Oct 18, 2019 7:32:24 GMT
Only in the 3rd tier of these latest loans for some reason "We will be taking a 5% stake in this deal due to the risk profile being higher than that of Tier 2 and Tier 1" They have a 5% stake in Tiers 2 & 3. Tier 1 is zero. Other platforms do give a better spread of interest. Their stake in tier 2 is 1% (0% in tier 1, 5% in tier 3). That all adds up to less than a 1% stake across the whole loan.
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Post by uksoul on Oct 18, 2019 7:55:12 GMT
They have a 5% stake in Tiers 2 & 3. Tier 1 is zero. Other platforms do give a better spread of interest. Their stake in tier 2 is 1% (0% in tier 1, 5% in tier 3). That all adds up to less than a 1% stake across the whole loan. Thanks for that clarification, i did not do the maths, just glanced at the page. Gives more food for thought!
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rocky1
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Post by rocky1 on Oct 18, 2019 18:01:07 GMT
were these latest 3 tier loans brought to lenders a few months ago i just seem to remember seeing them before and trying to remember if i had loaned on tier 1s and funds were returned. EDIT on the 10th and 14th june i invested in tiers 1 of both loans only for them to be aborted with capital returned no interest.there seems to be more security this time around. maybe kuflink could make things a bit clearer about what happened last time and why these are now ok to present to lenders and how they will pay such a large amount in 6 months time.
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jcb208
Member of DD Central
Posts: 838
Likes: 638
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Post by jcb208 on Oct 18, 2019 18:23:00 GMT
were these latest 3 tier loans brought to lenders a few months ago i just seem to remember seeing them before and trying to remember if i had loaned on tier 1s and funds were returned. EDIT on the 10th and 14th june i invested in tiers 1 of both loans only for them to be aborted with capital returned no interest.there seems to be more security this time around. maybe kuflink could make things a bit clearer about what happened last time and why these are now ok to present to lenders and how they will pay such a large amount in 6 months time. Yes they were and all tiers had 5% Kuflink first loss and all the time they were reserved we nether got any interest Their email for all Following a conversation with the client’s solicitors this morning, we're unable to give an accurate completion date for this loan and have decided to temporarily remove this opportunity from the platform.
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rocky1
Member of DD Central
Posts: 1,138
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Post by rocky1 on Nov 9, 2019 14:38:01 GMT
these loans are now live.what does that mean?. have the raised funds been released to the borrowers?there is still over 2 million to raise on these loans to the same borrower.have kuflink funded the remainder and left open for lenders to fill [hopefully].
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