quidco
Member of DD Central
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Post by quidco on Jul 8, 2019 19:14:19 GMT
I like the way CROWD PROPERTY operate... extremely conscientious due diligence inc a webinar with the applicant .... 100% returns so far so good ! They were all so far so good at some stage 
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Post by martin44 on Jul 8, 2019 19:42:00 GMT
I like the way CROWD PROPERTY operate... extremely conscientious due diligence inc a webinar with the applicant .... 100% returns so far so good ! I liked the way lendy operated, extremely conscientious due diligence and 100% returns... at one point "the biggest p2p business in the universe" (quotish) Time has a massive negative effect. I sincerely hope crowd property are paying attention to the end game.
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Greenwood2
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Post by Greenwood2 on Jul 8, 2019 20:01:04 GMT
I like the way CROWD PROPERTY operate... extremely conscientious due diligence inc a webinar with the applicant .... 100% returns so far so good ! I liked the way lendy operated, extremely conscientious due diligence and 100% returns... at one point "the biggest p2p business in the universe" (quotish) Time has a massive negative effect. I sincerely hope crowd property are paying attention to the end game. And all lenders are paying attention on all platforms.
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Post by martin44 on Jul 8, 2019 20:07:24 GMT
I liked the way lendy operated, extremely conscientious due diligence and 100% returns... at one point "the biggest p2p business in the universe" (quotish) Time has a massive negative effect. I sincerely hope crowd property are paying attention to the end game. And all lenders are paying attention on all platforms. Agreed.
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Vero
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Post by Vero on Jul 8, 2019 20:47:31 GMT
I like the way CROWD PROPERTY operate... extremely conscientious due diligence inc a webinar with the applicant .... 100% returns so far so good ! I liked the way lendy operated, extremely conscientious due diligence and 100% returns... at one point "the biggest p2p business in the universe" (quotish) Time has a massive negative effect. I sincerely hope crowd property are paying attention to the end game. CrowdProperty are different to Saving Stream/Lendy, in my book. They are first and foremost property experts, with a good track record.
Saving Stream were boat lenders that moved into property lending.
The CrowdProperty platform started in 2013, but the team behind it had been successfully doing this for years, outside of p2p - lending and/or joint ventures within their established network of small property developers and investors, as well as undertaking property development themselves.
When they vet potential projects, they knowledgeably check through the developer's plans, giving advice and/or asking for changes if they feel they are required or will improve the project.
They ensure the plans are feasible and that, if it ever became necessary, the platform could successfully take over the project themselves and see it to fruition. I really like this aspect.
Their 100% returns record is no accident.
Their projects are often fully pledged within minutes or hours (there is now auto-invest to help with this). [There is, however, no secondary market, so no instant liquidity]
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Post by mot on Jul 8, 2019 21:15:33 GMT
The Auto invest is excellent particularly now with the pension opportunity through SIPP.
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Post by rooster on Jul 8, 2019 21:19:51 GMT
I like the way CROWD PROPERTY operate... extremely conscientious due diligence inc a webinar with the applicant .... 100% returns so far so good ! They were all so far so good at some stage Lendy hasn't lost investors a penny, YET! 
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zedi
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Post by zedi on Jul 9, 2019 8:02:06 GMT
And also CrowdProperty has a much better transparency than any other property p2p-platform I know, they have a very comprehensive statistics page, are memeber of the P2PFA and raised capital on Seedrs (where you could also get some additional info into their business).
I also like the model of Kuflink where some related company has some skin-in-the-game and also Assetz with it´s good track record. Not all p2p platforms are shady as Lendy or FS...
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adrianc
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Post by adrianc on Jul 9, 2019 9:36:07 GMT
Their projects are often fully pledged within minutes or hours (there is now auto-invest to help with this). Yeh, Ly used to be able to say that, too. Fastest Finger First, then pre-funding...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 9, 2019 16:17:31 GMT
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Mucho P2P
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Post by Mucho P2P on Jul 9, 2019 16:53:57 GMT
No doubt, the administrator will make more in winding down Lendy due to the time involved and their cut of fees, than a one-off sale, which could be completed in a short time span in comparison to a protracted wind-down. It would now be nice to hear the administrators side for not engaging in such talks that would return the lenders capital in a shorter time span.
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boundah
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Post by boundah on Jul 9, 2019 17:41:27 GMT
No doubt, the administrator will make more in winding down Lendy due to the time involved and their cut of fees, than a one-off sale, which could be completed in a short time span in comparison to a protracted wind-down. It would now be nice to hear the administrators side for not engaging in such talks that would return the lenders capital in a shorter time span. How do you know lenders would get their money back faster? Any buyer would still have to get borrowers to stump up or acquire and sell the assets.
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Mucho P2P
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Post by Mucho P2P on Jul 9, 2019 18:35:33 GMT
No doubt, the administrator will make more in winding down Lendy due to the time involved and their cut of fees, than a one-off sale, which could be completed in a short time span in comparison to a protracted wind-down. It would now be nice to hear the administrators side for not engaging in such talks that would return the lenders capital in a shorter time span. How do you know lenders would get their money back faster? Any buyer would still have to get borrowers to stump up or acquire and sell the assets. Valid point boundah. A) I am in communications with some companies who wish to take over the assets and I have half an insight as to the proposed way forward with the acquisitive companies. B) Having had experience with administrators, I can conclusively say that I have never heard any of them say that they need to finish a job fast for the creditors sake! Of course, I have never dealt with R** yet, so maybe they are different to the rest.
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mary
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Post by mary on Jul 9, 2019 18:40:35 GMT
Perfectly obvious from the article that the tip has come from disgruntled potential under-bidder for the Platform fee stream (not the Assets, that are mortgaged to Lenders). Every story has a motive behind it. Who in their right mind would make any bid that would give Lenders a better guaranteed outcome? No, this is someone hoping to pick up on the one-sided T&Cs that allows the platform to drain any amount of money out before giving Lenders any return! AVOID!
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Post by martin44 on Jul 9, 2019 19:40:20 GMT
Why would RSM engage with any potential buyer when they are in the rip off driving seat... it matters not in the long term scheme of things.. we gonna lose at least 50% no matter who screws us over... 
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