hazellend
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Post by hazellend on Feb 28, 2020 16:34:59 GMT
There goes my plan to let my best loans gently amortise while I rebalance into the stock market. I did think the LTV was getting too low to continue
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hantsowl
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Post by hantsowl on Feb 28, 2020 16:39:09 GMT
Yes. It looks like the F******* loans may be repaying early. That will leave a huge hole in my investment with ABL. 😢 Shame, they have been one of my preferred borrowers.
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Post by ablrate on Feb 28, 2020 16:48:56 GMT
Don't worry... we have a cunning plan...
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KoR_Wraith
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Post by KoR_Wraith on Feb 28, 2020 16:49:49 GMT
This makes the discussion in the other thread regarding loan origination even more pertinent.
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Post by westcountry on Feb 28, 2020 16:55:35 GMT
Don't worry... we have a cunning plan... I hope it involves the launching of a lot of new loans from quality borrowers/with quality security, to replace the A***** F****** ones And that your cunning plan will be more successful than Baldrick's were!
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pi
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Post by pi on Feb 28, 2020 16:56:48 GMT
I am happy, the equity market is ripe for some shopping. Just making the list
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Post by ladywhitenap on Feb 28, 2020 17:04:59 GMT
Don't worry... we have a cunning plan... All power to your cunning plan! LW
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blender
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Post by blender on Feb 28, 2020 17:26:40 GMT
Don't worry, I am still awaiting the mega-refinancing of all those motor stocking loans, due in August 2019.
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criston
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Post by criston on Feb 28, 2020 17:39:42 GMT
The cunning plan will be; leave the repaid funds in your account & we will pay interest at the rate of 1% per month as long as a set percentage of your funds are invested in new loans as they are presented, otherwise you will lose the interest paid to you. I will go with that.
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KoR_Wraith
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Post by KoR_Wraith on Feb 28, 2020 17:42:05 GMT
Don't worry, I am still awaiting the mega-refinancing of all those motor stocking loans, due in August 2019. I've a theory that cars may appreciate in value if (when?) Brexit disrupts import/export. Whilst negative in almost every way, such a situation would perhaps aid the security of said motor stocking loans.
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Post by dan1 on Feb 28, 2020 20:31:16 GMT
I did wonder if Mr F was supplying the modular buildings for all those Coronavirus pods popping up at hospitals and GP surgeries?
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SteveT
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Post by SteveT on Feb 29, 2020 15:15:00 GMT
Don't worry... we have a cunning plan... Assuming this plan relates to offering the borrower the chance to refinance on Ablrate at a lower rate, please can you confirm this would be via launching and filling new loans, not simply imposing reduced rates on existing lenders? Fair enough if existing lenders are given the option to roll their holdings into the new loans (before filling whatever remains), but those choosing not to should be repaid in full. Thanks
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Post by ablrate on Feb 29, 2020 15:47:03 GMT
Don't worry... we have a cunning plan... Assuming this plan relates to offering the borrower the chance to refinance on Ablrate at a lower rate, please can you confirm this would be via launching and filling new loans, not simply imposing reduced rates on existing lenders? Fair enough if existing lenders are given the option to roll their holdings into the new loans (before filling whatever remains), but those choosing not to should be repaid in full. Thanks There will be no change of existing conditions for existing lenders.
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blender
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Post by blender on Feb 29, 2020 17:18:06 GMT
How could it be otherwise? There were loan contracts last time I looked.
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Post by ladywhitenap on Feb 29, 2020 17:25:25 GMT
How could it be otherwise? There were loan contracts last time I looked. Indeed! Those terms will also include the ability for early redemption, possibly after a minimum term. I was slightly mystified by this comment from ABL as they do not tend to make facetious or smartass comments and wonder what they mean by it. LW
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