|
|
Post by dan1 on Nov 7, 2019 9:15:51 GMT
|
|
sl75
Posts: 2,092 
Likes: 1,245
|
Post by sl75 on Nov 7, 2019 10:40:17 GMT
It wasn't so long ago that we considered that the norm for bridging loans.
|
|
trevor
Member of DD Central
Posts: 557
Likes: 381
|
Post by trevor on Nov 7, 2019 12:50:42 GMT
I wouldn't get too excited. £165k divided by all those who want some will probably be £50 each or less. If was a few million......
|
|
|
|
Post by mrclondon on Nov 7, 2019 15:10:46 GMT
It's the refinance of #742 (£124.5k @ 10%). Its 12% for a reason, refusal has been recommended for the planning application. Whilst efforts are ongoing to rework the planning application, there is no certainty. (See the Q&A on #742 and the AC Private board thread for more background)
I sold out of #742 and won't be touching this subsequent loan.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Nov 7, 2019 16:22:32 GMT
It's the refinance of #742 (£124.5k @ 10%). Its 12% for a reason, refusal has been recommended for the planning application. Whilst efforts are ongoing to rework the planning application, there is no certainty. (See the Q&A on #742 and the AC Private board thread for more background)
I sold out of #742 and won't be touching this subsequent loan.
I was about to say the same having just logged into AC to have a look, however while I remembered the name stated on the pipeline loan and thus found #742 as I am not in it all I can see is trading suspending the security and overview tabs I am totally unable to see anything other than those, so no Q&A/ Activity/ Documents or Repayments information for me. Somehow this doesn't seem right given it's a re-finance of an existing AC loan and has AC 'history' which surely potential investors should be able to access?
As has been mentioned before this hiding information from some (but not all) AC investors really isn't cricket AC.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Nov 7, 2019 16:32:20 GMT
I was about to say the same having just logged into AC to have a look, however while I remembered the name stated on the pipeline loan and thus found #742 ...
I don't see names stated on the pipeline loans...?
|
|
|
|
Post by tigerbalm on Nov 7, 2019 16:33:09 GMT
Interesting idea that the extra 2% makes this investable.
|
|
|
|
Post by mrclondon on Nov 7, 2019 16:35:05 GMT
I was about to say the same having just logged into AC to have a look, however while I remembered the name stated on the pipeline loan and thus found #742 ...
I don't see names stated on the pipeline loans...? Hover over the security icon and the asset id is revealed
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Nov 7, 2019 16:35:43 GMT
I was about to say the same having just logged into AC to have a look, however while I remembered the name stated on the pipeline loan and thus found #742 ...
I don't see names stated on the pipeline loans...? It pops up if you go to set a purchase order for it - which I didn't complete.
|
|
|
|
Post by mrclondon on Nov 7, 2019 16:38:23 GMT
It's the refinance of #742 (£124.5k @ 10%). Its 12% for a reason, refusal has been recommended for the planning application. Whilst efforts are ongoing to rework the planning application, there is no certainty. (See the Q&A on #742 and the AC Private board thread for more background)
I sold out of #742 and won't be touching this subsequent loan.
I was about to say the same having just logged into AC to have a look, however while I remembered the name stated on the pipeline loan and thus found #742 as I am not in it all I can see is trading suspending the security and overview tabs I am totally unable to see anything other than those, so no Q&A/ Activity/ Documents or Repayments information for me. Somehow this doesn't seem right given it's a re-finance of an existing AC loan and has AC 'history' which surely potential investors should be able to access?
As has been mentioned before this hiding information from some (but not all) AC investors really isn't cricket AC. The loan was suspended for a vote extension as the legals for the refinance will take a while (IIRC). However the hiding of the various tabs has happened since I made my post 90 mins ago as I double checked the Q&A was visible to all.
(Even though the last Q&A entry is a response to a set of questions I raised, even I don't have visibility currently)
|
|
|
|
Post by Ace on Nov 7, 2019 17:42:32 GMT
It's the refinance of #742 (£124.5k @ 10%). Its 12% for a reason, refusal has been recommended for the planning application. Whilst efforts are ongoing to rework the planning application, there is no certainty. (See the Q&A on #742 and the AC Private board thread for more background)
I sold out of #742 and won't be touching this subsequent loan.
I agree that it's 12% for a reason, but I did feel reassured enough by AC's response to your question to stay in the current loan and go for my usual slice in the new one. It seemed that there was a likely solution to the planning issue, and that there was an alternative exit if not. It could well be that I've misunderstood or am far too gullible though.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Nov 25, 2019 16:57:22 GMT
I see that: 1. This loan now seems to be live. 2. At time of writing, the entire £165k amount seems to be held by the access accounts with £0 available to manual investors.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Nov 25, 2019 19:29:32 GMT
I see that: 1. This loan now seems to be live. 2. At time of writing, the entire £165k amount seems to be held by the access accounts with £0 available to manual investors. will help top up the PF a bit
|
|
|
|
Post by investor1925 on Nov 26, 2019 16:18:17 GMT
I see that: 1. This loan now seems to be live. 2. At time of writing, the entire £165k amount seems to be held by the access accounts with £0 available to manual investors. Looks like the access accounts didn't want it all, as I have some invested via the MLA with the transaction timed at 16:01 today. There's £35 showing as available, now don't all rush at once
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Nov 27, 2019 12:25:45 GMT
I see that: 1. This loan now seems to be live. 2. At time of writing, the entire £165k amount seems to be held by the access accounts with £0 available to manual investors. Looks like the access accounts didn't want it all, as I have some invested via the MLA with the transaction timed at 16:01 today. There's £35 showing as available, now don't all rush at once Access accounts now seem to hold £10,000.00 of this loan, implying that the remaining £155k is now with MLA investors, and was probably released to the marketplace all in one go.
I missed out on my share - the repayment from the previous loan had all got re-invested into other loans by the time the Access Accounts got round to releasing it. I simply didn't have the stamina to go through and individually pause dozens of other buying instructions at the time of my earlier post, when there was no certainty if or when MLA buyers would be allowed any of this loan.
Out of curiosity, was your purchase limited by your available cash and/or buying limit, or by the amount that AC's matching system deemed to be your fair share? If the latter, what was the amount, as dividing that into £155k would give a lower bound of how many MLA investors successfully bought a chunk.
|
|
