bababill
Member of DD Central
Posts: 526
Likes: 245
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Post by bababill on Dec 24, 2022 0:57:10 GMT
I just listed loans on ABC tranches if anyone interested...interest rate from 6.08% - 11.56% gross.
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Post by Ace on Jan 9, 2023 14:01:22 GMT
There are currently 5 loans available on the SM, not mine.
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Apr 13, 2023 10:18:34 GMT
There are currently 10 loans available on the SM, none mine.
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Post by overthehill on Apr 14, 2023 15:08:26 GMT
The selling of lower interest rate loans 5.5-6.5% has been going on for a while, since the new loan rates eventually moved higher by about 0.75-1%.
The fact that they somehow sell is strange but is a testament at last to Proplend's popularity and loan performance reputation with practically 100% capital+interest repaid so far.
All pending loans are > 7% for Tranche A !
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Apr 14, 2023 15:59:20 GMT
The fact that they somehow sell is strange
Not really. If you are sitting on uninvested cash then the rates available on the PLE are still better than bank rates.
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Post by Ace on Apr 17, 2023 11:30:48 GMT
32 loans on the exchange currently, with various amounts and rates up to 8.5%.
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Post by gramsky on Apr 17, 2023 14:41:46 GMT
32 loans on the exchange currently, with various amounts and rates up to 8.5%. Question is: Why?
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Post by uksoul on Apr 17, 2023 14:49:33 GMT
32 loans on the exchange currently, with various amounts and rates up to 8.5%. Question is: Why? Some look to make gains via reinvesting in the new longer term loans.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Apr 24, 2023 10:20:16 GMT
Shifted some old 6% loans to the new 7.5% loan
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SteveK
Member of DD Central
Posts: 59
Likes: 31
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Post by SteveK on Apr 24, 2023 14:02:50 GMT
Shifted some old 6% loans to the new 7.5% loan Sorry, excuse my ignorance, but how did you do that?
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sapphire
Member of DD Central
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Post by sapphire on Apr 24, 2023 14:11:22 GMT
Shifted some old 6% loans to the new 7.5% loan Sorry, excuse my ignorance, but how did you do that? One can sell an existing loan on the Proplend Loan Exchange for a £5 fee, assuming a buyer is available to buy it. £97K across 16 loans is currently on offer on the PLE.
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SteveK
Member of DD Central
Posts: 59
Likes: 31
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Post by SteveK on Apr 24, 2023 22:57:01 GMT
Sorry, excuse my ignorance, but how did you do that? One can sell an existing loan on the Proplend Loan Exchange for a £5 fee, assuming a buyer is available to buy it. £97K across 16 loans is currently on offer on the PLE. Ah ok, thanks, so you have to get in quick for the 7.5% loans!
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Apr 26, 2023 9:44:50 GMT
There was plenty notice and availability for the Shepherds Bush Hotel.
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SteveK
Member of DD Central
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Post by SteveK on Apr 26, 2023 12:27:59 GMT
There was plenty notice and availability for the Shepherds Bush Hotel. I see, you sold old loans (6%) in order to buy into the latest loan offering (7.5%), fairly simple then.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on May 5, 2023 12:22:24 GMT
What has happened to the PLE?
When I checked this morning there were close to 100k loans available and now they are all gone???
5 min later: everything is back (almost 150k); probably just a database scrub
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