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Post by ladywhitenap on Apr 27, 2020 13:28:26 GMT
IME asking about underwriters and how the process works on several platforms in the past has been met with nil response. I was mildly surprised at David mentioning them in the last two videos but then again he is a fairly radical (meant positively!) head honcho of this platform compared to others. LW Thank you... I think ..lolThe underwriter program will be launched soon for all to see. We don't why others would be cloak and dagger about it, as long as its a level playing field after underwriters have been in (i.e they can't sell at a premium or discount), then underwriters can fill an important role on the platform. My bold! Certainly should be taken as a compliment both to David and his team in the back room. I'm a big ABL fan. LW
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nw99
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Post by nw99 on Apr 27, 2020 17:52:18 GMT
Massive fan
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Post by Badly Drawn Stickman on Apr 27, 2020 18:16:03 GMT
They usually water cool these, but I guess that would work.
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Post by ladywhitenap on May 26, 2020 10:41:12 GMT
ablrate. Now the offer period has come to an end, do we see the approach of underwriters for the balance in the near future? LW
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blender
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Post by blender on May 26, 2020 11:56:48 GMT
I don't know what the way forward should be, but this loan has done very well to collect so much cash in current circumstances, imo. Superfan.
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IFISAcava
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Post by IFISAcava on May 26, 2020 12:00:17 GMT
I don't know what the way forward should be, but this loan has done very well to collect so much cash in current circumstances, imo. Superfan. The videos suggested underwriters - it's a large chunk mind you.
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blender
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Post by blender on May 26, 2020 13:10:00 GMT
If the borrower is looking to raise £11m over time, then getting just about £500k from Ablrate lenders on this tranche does not look good. However, when you consider the long and successful previous/existing relationship and the extraordinary current circumstances, I think it is impressive and it would be good to find a way of taking it forward, in the expectation of better times ahead.
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Post by ladywhitenap on May 26, 2020 15:09:55 GMT
If the borrower is looking to raise £11m over time, then getting just about £500k from Ablrate lenders on this tranche does not look good. However, when you consider the long and successful previous/existing relationship and the extraordinary current circumstances, I think it is impressive and it would be good to find a way of taking it forward, in the expectation of better times ahead. Agreed, I have quite a few of the AF earlier loans and whilst I've confidence in his businesses, prudence dictates not putting too much in to this one both in current climate and until some more AF capital is paid back. LW
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ptr120
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Post by ptr120 on May 26, 2020 15:39:18 GMT
From my perspective I'd have been prepared to put more in if there was a bit more clarity about which other loans will pay back as and when this fills. #1000099 and #1000111 are still capped at 100% on the SM in anticipation of repayment (but has been since February). I got the impression that these were likely to repay when this one fills, but I've never been 100% clear on that point.
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Post by df on May 26, 2020 15:43:27 GMT
I don't know what the way forward should be, but this loan has done very well to collect so much cash in current circumstances, imo. Superfan. The videos suggested underwriters - it's a large chunk mind you. I’m guessing this was the plan from the outset. it’s unrealistic to raise 2.5m from Abl retail investors alone these days.
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blender
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Post by blender on May 26, 2020 18:56:21 GMT
The minimum on this loan is £1m. I could see Ablrate offering the balance of that to underwriters. But they do not have huge fees to give away on this loan.
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Post by Ace on Jun 2, 2020 21:51:07 GMT
Looks like the funding window has been silently extended. It's now showing as 27 days to go.
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Post by ladywhitenap on Jul 22, 2020 12:23:30 GMT
ablrate, I can't recall this being mentioned in update videos for weeks. Currently 9 days left to run and 33% filled. Excellent reputed borrower but doubtfull if ABL members will be able to stump up the balance whether be open for 9 days or 90 days. So what is the plan? Does ABL have underwriters lined up? Please can we have an informative update by one means or another? LW
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blender
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Post by blender on Jul 22, 2020 13:39:32 GMT
A four-month run will be complete in two days' time. It should be called The Mousetrap . However, nice instant returns at 13% - I might have had some of that if AC had not turned my Quick Access Account into an annuity.
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macq
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Post by macq on Jul 22, 2020 14:30:12 GMT
ablrate , I can't recall this being mentioned in update videos for weeks. Currently 9 days left to run and 33% filled. Excellent reputed borrower but doubtfull if ABL members will be able to stump up the balance whether be open for 9 days or 90 days. So what is the plan? Does ABL have underwriters lined up? Please can we have an informative update by one means or another? LW As you say a plan/update would be interesting and even how they now see this first loan sitting within the 11M that is mentioned as the target moving forward
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