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Post by ladywhitenap on Aug 20, 2019 11:05:22 GMT
This is a top up of an existing second charge loan to presumably reduce costs from the first charge provider. This will be a second charge too.
However the CQC reports do not make encouraging reading where the home is "In need of improvement" in virtually every way and has been so for the last three assessments. This could well explain why with a capacity of 50, it only has 40 inmates when we are led to believe the there is a general shortage of care home places.
I have a modest stake in the original loan (107) but don't think I'll dip in further.
LW
CQC report Oct19 now rates this home as "good"
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Aug 20, 2019 11:13:59 GMT
I am waiting to see the Wednesday loan.
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Post by ladywhitenap on Aug 20, 2019 11:23:12 GMT
I am waiting to see the Wednesday loan.
I'm really torn on tomorrows loan - as I have reasonable exposure to 67/68 already about 3.3k Dip in more to help secure 67/68 for myself or hand firmly in pockets and hope there are enough takers to fill #129 Difficult one LW
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seb8072
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Post by seb8072 on Aug 20, 2019 11:58:56 GMT
This is a top up of an existing second charge loan to presumably reduce costs from the first charge provider. This will be a second charge too. However the CQC reports do not make encouraging reading where the home is "In need of improvement" in virtually every way and has been so for the last three assessments. This could well explain why with a capacity of 50, it only has 40 inmates when we are led to believe the there is a general shortage of care home places. I have a modest stake in the original loan (107) but don't think I'll dip in further. LW To be fair, the latest CQC report on R******** is actually last year's. If you look at the reports for L******** it would seem that the four "required improvement"s have been made and it is now five "good". So we may well find that a current report on R******** would show improvements.
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Post by ladywhitenap on Aug 20, 2019 12:04:40 GMT
This is a top up of an existing second charge loan to presumably reduce costs from the first charge provider. This will be a second charge too. However the CQC reports do not make encouraging reading where the home is "In need of improvement" in virtually every way and has been so for the last three assessments. This could well explain why with a capacity of 50, it only has 40 inmates when we are led to believe the there is a general shortage of care home places. I have a modest stake in the original loan (107) but don't think I'll dip in further. LW To be fair, the latest CQC report on R******** is actually last year's. If you look at the reports for L******** it would seem that the four "required improvement"s have been made and it is now five "good". So we may well find that a current report on R******** would show improvements. Fair comment - I only read the report for R******* LW
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IFISAcava
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Post by IFISAcava on Aug 20, 2019 12:14:24 GMT
I am waiting to see the Wednesday loan.
I'm really torn on tomorrows loan - as I have reasonable exposure to 67/68 already about 3.3k Dip in more to help secure 67/68 for myself or hand firmly in pockets and hope there are enough takers to fill #129 Difficult one LW I got out of all of the linked BN/CT/SM/BK etc loans on ABL just in time, and I am not about to get back in them - I have enough exposure to the administration via Crowdstacker unfortunately! Furthermore, the way all of these loans and companies are interlinked is quite beyond me. I'd much rather have a bit more of a straightforward, high-paying second charge on a nursing home with an identified out for the "frothy" portion of my p2p investments. The man concern is whether to buy now or wait for a discount on the SM (either on the new one or on the old one).
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nw99
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Post by nw99 on Aug 20, 2019 12:53:46 GMT
Buy now while you can
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pi
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Post by pi on Aug 20, 2019 13:47:33 GMT
Any difference between 107 and this one? Why wouldn't I buy 107 at a discount?
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Aug 20, 2019 13:54:07 GMT
Because it's currently trading at a premium?
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Post by ladywhitenap on Aug 20, 2019 13:54:08 GMT
Any difference between 107 and this one? Why wouldn't I buy 107 at a discount? maybe because it is not available at a discount? LW
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pi
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Post by pi on Aug 20, 2019 14:10:58 GMT
Not currently but I have manged to grab some by staying patient and keeping my bid for less than 100%. Anyway my question is answered, there is no material difference between the two. Thanks
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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 Aug 20, 2019 14:26:39 GMT
I'm really torn on tomorrows loan - as I have reasonable exposure to 67/68 already about 3.3k Dip in more to help secure 67/68 for myself or hand firmly in pockets and hope there are enough takers to fill #129 Difficult one LW I got out of all of the linked BN/CT/SM/BK etc loans on ABL just in time, and I am not about to get back in them - I have enough exposure to the administration via Crowdstacker unfortunately! Furthermore, the way all of these loans and companies are interlinked is quite beyond me. I'd much rather have a bit more of a straightforward, high-paying second charge on a nursing home with an identified out for the "frothy" portion of my p2p investments. The man concern is whether to buy now or wait for a discount on the SM (either on the new one or on the old one). Erm, you have looked at who a director is ... Mr linked to majority of loans on ABL
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IFISAcava
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Post by IFISAcava on Aug 20, 2019 14:29:48 GMT
I got out of all of the linked BN/CT/SM/BK etc loans on ABL just in time, and I am not about to get back in them - I have enough exposure to the administration via Crowdstacker unfortunately! Furthermore, the way all of these loans and companies are interlinked is quite beyond me. I'd much rather have a bit more of a straightforward, high-paying second charge on a nursing home with an identified out for the "frothy" portion of my p2p investments. The man concern is whether to buy now or wait for a discount on the SM (either on the new one or on the old one). Erm, you have looked at who a director is ... Mr linked to majority of loans on ABL Um, no... Missed that. (Must read harder...)
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IFISAcava
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Post by IFISAcava on Aug 20, 2019 14:37:42 GMT
Now I saw it, right at the end. Oh well. It's mostly about the security, right?!
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withnell
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Post by withnell on Aug 20, 2019 14:46:24 GMT
ABL have previously commented that they use NRK in a professional capacity, installing him as a director in borrower companies to provide extra scrutiny - per Companies House, he was appointed 28 September 2018 which is the same day as drawdown of the first loan (107)
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