hazellend
Member of DD Central
Posts: 2,363 
Likes: 2,180
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P2P DFL
Jun 3, 2019 17:43:03 GMT
via mobile
Post by hazellend on Jun 3, 2019 17:43:03 GMT
Is there a way for a P2P platform to do successful DFLs. Did Lendy actually complete any DFLs successfully? Are DFLs now dead and gone?
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rocky1
Member of DD Central
Posts: 1,139
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Post by rocky1 on Jun 3, 2019 18:33:14 GMT
has any platform or their borrowers ever lost anything on all these failed DFLs?
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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
Posts: 11,329
Likes: 11,549
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P2P DFL
Jun 3, 2019 19:01:36 GMT
via mobile
Post by ilmoro on Jun 3, 2019 19:01:36 GMT
Is there a way for a P2P platform to do successful DFLs. Did Lendy actually complete any DFLs successfully? Are DFLs now dead and gone? Yes, AC have done quite a few, incl one student block, Lendy did DFL023, MT Manchester. Believe CP are doing them successfully, Blend. No, properly costed, planned & managed with a competent PM/builder they are still alive.
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SteveT
Member of DD Central
Posts: 6,875
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P2P DFL
Jun 3, 2019 19:01:48 GMT
via mobile
Post by SteveT on Jun 3, 2019 19:01:48 GMT
Is there a way for a P2P platform to do successful DFLs. Did Lendy actually complete any DFLs successfully? Are DFLs now dead and gone? See Assetz Capital, who have dozens (possibly hundreds), including a decent number of completed schemes. Typically 7-9% though, and better quality borrowers in the main. (crossed with ilmoro)
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Post by dan1 on Jun 3, 2019 19:19:09 GMT
Is there a way for a P2P platform to do successful DFLs. Did Lendy actually complete any DFLs successfully? Are DFLs now dead and gone? See Assetz Capital, who have dozens (possibly hundreds), including a decent number of completed schemes. Typically 7-9% though, and better quality borrowers in the main. (crossed with ilmoro ) and right on cue to back up your post... AC #735 at 8% has just repaid (and in doing so has pushed the cash holding of the access accounts above £40m)
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zlb
Member of DD Central
Posts: 1,422
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P2P DFL
Jun 3, 2019 20:06:05 GMT
via mobile
Post by zlb on Jun 3, 2019 20:06:05 GMT
So why is it working for AC? And why did they need to raise so much new money?
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bigfoot12
Member of DD Central
Posts: 1,817
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Post by bigfoot12 on Jun 3, 2019 23:21:32 GMT
So why is it working for AC? And why did they need to raise so much new money? It seemed quite obvious a long time ago that Lendy didn't know what they were doing, but still took fees of about 50%. AC's fees are much lower and yet they do seem to have some idea of what they are doing. They have raised ~£1.5m, not really a lot, ask anyone on the wrong side of Lendy's administration.
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