adrianc
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Post by adrianc on Nov 18, 2014 20:03:21 GMT
Tomorrow is the last day for new loans to be listed with the 1% extra-bonus-free deal, according to the weekly junkmail that's just arrived.
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Post by GSV3MIaC on Nov 19, 2014 7:33:03 GMT
Yep, things seem back in balance and rates headed back down. Not sure I'd call it junk mail though, there is occasional useful news, like this, but a bit less PR/spin and a bit more honest '  are we doing/planning' would be nice. |
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blender
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Post by blender on Nov 19, 2014 13:06:06 GMT
Secondary market is picking up also.
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markr
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Post by markr on Nov 19, 2014 14:47:52 GMT
but a bit less PR/spin and a bit more honest '*** are we doing/planning' would be nice. I think if it was honest it would be more like "*** have we gone and done now".
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adrianc
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Post by adrianc on Nov 19, 2014 15:02:33 GMT
IIRC the splashback justification was to celebrate passing £400m lent? Since it's over £430m now, I wonder what's being planned for the half-bill party?
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blender
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Post by blender on Nov 19, 2014 15:40:17 GMT
I think it might be a week in Mauritius, taking the Whole Loan lenders.
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Post by wildlife2 on Nov 19, 2014 17:13:43 GMT
Put in a small amount earlier which was just sitting in account while cashback lasted,
171 businesses, 15 comments, 2 downgraded.
Must be a month since I last even looked, started Feb. this year...but the novelty has since worn off!!
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mikeb
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Post by mikeb on Nov 19, 2014 18:40:06 GMT
Subject: Get your splashback while you can... It's a good job you didn't say "fill your boots", that conjures up an unfortunate image in the context of splashback.  |
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adrianc
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Post by adrianc on Nov 19, 2014 22:52:51 GMT
It's a good job you didn't say "fill your boots", that conjures up an unfortunate image in the context of splashback. It was tempting...
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fasty
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Post by fasty on Nov 19, 2014 23:07:24 GMT
Liquid assets ?
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sl75
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Post by sl75 on Dec 1, 2014 11:33:12 GMT
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blender
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Post by blender on Dec 1, 2014 13:37:39 GMT
Commercial mortgage 9304 listed with no cash back. £300k for 35m A+ at 8.5%. Quite ambitious with no cash back - or could there possibly be another explanation?
Edit. I see it has a 1.5% flash on the auction page and a 'question' relating to the 1.5% offer, so maybe coming soon on the loan requests page.
This is a tranche 2, so presumably these subsequent tranches will all be 1.5%, for a while.
Edit: It seems to have disappeared.
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mikeb
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Post by mikeb on Dec 1, 2014 18:49:01 GMT
Commercial mortgage 9304 listed with no cash back. £300k for 35m A+ at 8.5%. Quite ambitious with no cash back - or could there possibly be another explanation? Edit: It seems to have disappeared. Your selections are :- a) Conspiracy b) C0ckup Let us know when it settles down and comes back!
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blender
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Post by blender on Dec 2, 2014 9:27:04 GMT
The disappearance of 9304 confirms the c*ck*p theory. Edit, now back as 9333.
Of more interest is 8995, which requires £73k in its last 3.5 hrs. The 7.5% does not help it, although the underlying development progress looks good. This one FCSL must underwrite, and the problem is that the previous loans have covered only half of the £2m. If the next tranche is at 7.5% with 1.5% cash back it may struggle and FC may have to take a chunk on its balance sheet, using its venture capital. But maybe the time to complete and repay will look good. One to watch.
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markr
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Post by markr on Dec 2, 2014 12:52:43 GMT
Interestingly, 8995 ended up funded to the tune of £435,660 and was still only showing as 97%. Hopefully, FC can just untangle the last bids from FCS ltd, or take the £5660 off the next tranche! FCS ltd were bidding in £100 parts, maybe they listened to the criticism of bidding in £20 bids or perhaps there was a lot to fund and they couldn't be bothered with all that clicking.
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are we doing/planning' would be nice.
