IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Sept 27, 2022 19:34:35 GMT
I just added 10 loans
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Post by uksoul on Sept 27, 2022 22:03:42 GMT
I think there will be a lot of SM activity over the next few months especially with the 5-6% loans.
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Post by gramsky on Sept 28, 2022 7:08:43 GMT
I think there will be a lot of SM activity over the next few months especially with the 5-6% loans. I think with the present economic state of things it is time to get out completely!
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Sept 28, 2022 8:31:53 GMT
I think there will be a lot of SM activity over the next few months especially with the 5-6% loans. Yep - when you can get 3.91% on a 1 year and 4.32% on a 2 year fix with capital guaranteed, and those rates are only heading upwards, and a deep recession on the way. Risk/reward for these P2P loans at these rates not right for me at the moment. Perhaps not surprisingly, the sub-6% loans seem a bit sticky.
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Post by uksoul on Sept 29, 2022 2:04:54 GMT
I think there will be a lot of SM activity over the next few months especially with the 5-6% loans. I think with the present economic state of things it is time to get out completely! I don't think things will be as bad as CV19 recession 2020. Proplend had no loans not repay during that time. The loan security is extremely robust.
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Post by gramsky on Sept 29, 2022 9:36:10 GMT
I think with the present economic state of things it is time to get out completely! I don't think things will be as bad as CV19 recession 2020. Proplend had no loans not repay during that time. The loan security is extremely robust. But because all the loans are 'commercial properties' the companies/borrowers had subsidies from the government during CV19 to ride out the storm and pay the interest on the loans. With the coming economic crash there will be no such help and businesses will be hit first, so I am expecting trouble in the near future. And in a recession, businesses are not going to be looking for property so there will be a glut, and commercial property is far more difficult to sell in such economic conditions. So selling prices are going to crash through the loan LTV values.
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liso
Member of DD Central
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Post by liso on Oct 8, 2022 15:53:35 GMT
Several loans (not mine) on PLE. All tranche A
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nick
Member of DD Central
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Post by nick on Oct 12, 2022 8:34:21 GMT
I'm surprised there isn't a lot more selling on the SM. Given the significant increase in gilts and repricing of debt, the fair value of all loans on the platform must be 20%+ below par and this before considering any deterioration in property sector credit risk.
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billt
Posts: 90
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Post by billt on Oct 12, 2022 13:12:13 GMT
Only one left, good to see that it is still easy to sell on the secondary market, (not that I am)
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morris
Member of DD Central
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Post by morris on Oct 12, 2022 17:07:01 GMT
Only one left, good to see that it is still easy to sell on the secondary market, (not that I am) Yes, the unloved W.........ton loan. I don't know if it is just not selling or if it is being topped up all the time.
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Post by uksoul on Oct 13, 2022 3:39:52 GMT
Only one left, good to see that it is still easy to sell on the secondary market, (not that I am) Yes, the unloved W.........ton loan. I don't know if it is just not selling or if it is being topped up all the time. It is selling, Maybe Proplend/Institutional investors are offloading their investment. A lot of 5-6 % loans are being offloaded on other platforms as well and this will continue under this recessive, inflationary economy.
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Post by overthehill on Oct 13, 2022 9:57:19 GMT
Yes, the unloved W.........ton loan. I don't know if it is just not selling or if it is being topped up all the time. It is selling, Maybe Proplend/Institutional investors are offloading their investment. A lot of 5-6 % loans are being offloaded on other platforms as well and this will continue under this recessive, inflationary economy.
It's the newest loan isn't it at a very low interest rate for tranche A, haven't seen any other tranches hanging around on the SM. I think a few investors, possibly autolend, suddenly realized how high savings interest rates will be in a few weeks/months. There are other loans in the same category that will start appearing depending on maturity date, inertia dominates at the moment.
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Post by uksoul on Oct 13, 2022 11:43:06 GMT
It is selling, Maybe Proplend/Institutional investors are offloading their investment. A lot of 5-6 % loans are being offloaded on other platforms as well and this will continue under this recessive, inflationary economy.
It's the newest loan isn't it at a very low interest rate for tranche A, haven't seen any other tranches hanging around on the SM. I think a few investors, possibly autolend, suddenly realized how high savings interest rates will be in a few weeks/months. There are other loans in the same category that will start appearing depending on maturity date, inertia dominates at the moment.
Yeah for sure, there will be similar Tranche A loans on the SM soon, especially closer to Xmas.
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hubert
Member of DD Central
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Post by hubert on Oct 25, 2022 15:20:46 GMT
Is 'Property Loan Exchange' out of action ?
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Post by gramsky on Oct 25, 2022 15:26:39 GMT
Is 'Property Loan Exchange' out of action ? No, but no loans available. I used it today to both buy & sell.
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