Nomad
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Post by Nomad on May 1, 2020 16:37:16 GMT
Since the lock down, these are the platforms unaffected by COVID-19 so far "Almost" normal condition: Ablrate Lendinvest Loanpad Proplend Relendex Unbolted Lending Crowd Zopa Other platforms paying out interest outside "normal" conditions Growth Street - R/W Funding Circle - Sec Ratesetter - Sec Note: R - re-lend settings affected W - withdrawal affected Sec - secondary markets / release investment affected Almost normal? - Archover Bridge Crowd Capital Rise Crowd Property HNW Lending Kuflink Uown
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benaj
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Post by benaj on May 1, 2020 17:11:35 GMT
Nomad, could you please confirm you have received interest from Crowdproperty and CapitalRise? Most of their loans only get repaid @ redemption.
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Post by Ace on May 1, 2020 18:52:56 GMT
Nomad , could you please confirm you have received interest from Crowdproperty and CapitalRise? Most of their loans only get repaid @ redemption. I have received interest payments on crowdproperty in April from the 3 loans that I own that pay monthly interest.
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Nomad
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Post by Nomad on May 1, 2020 20:21:50 GMT
Nomad , could you please confirm you have received interest from Crowdproperty and CapitalRise? Most of their loans only get repaid @ redemption. I've had interest in April from CP. I'm new to CR and I think all interest is indeed paid on redemption.
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Post by df on May 1, 2020 20:30:46 GMT
Since the lock down, these are the platforms unaffected by COVID-19 so far "Almost" normal condition: Ablrate Lendinvest Loanpad Proplend Relendex Unbolted Lending Crowd Zopa Other platforms paying out interest outside "normal" conditions Growth Street - R/W Funding Circle - Sec Ratesetter - Sec Note: R - re-lend settings affected W - withdrawal affected Sec - secondary markets / release investment affected Also Rebuilding Society. I didn't see any significant changes there, get repayments and new loans are coming in at about the same speed as before. I didn't notice any irregular behaviour on SM either.
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Post by Ace on May 1, 2020 21:14:30 GMT
Also Fund Ourselves are unaffected.
The platform was dead as a doornail long before the lock down and no change since.
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Nomad
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Post by Nomad on May 2, 2020 16:59:06 GMT
CapitalRise seems to be sailing serenely through the storm in its majestic manner. They filled a new loan in Chelsea very quickly, and another in Oxford is 71% subscribed. Three loans on their Resale Market have also just been snapped up - four remaining expire this June or October, so I will be gobsmacked if they are sold. I haven't invested in this platform yet but have been monitoring it because it seems to run so smoothly always. Feedback from anyone currently invested would be welcome as events unfold. New £1,000,000 loan (also in Chelsea) launched 9.30 a.m. today (Sunday) has already filled. 8% interest, 66% LTV. New 6-month bridging loan launching tomorrow - £2.31 million, 7.75%, LTV at exit 65.3%.
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Nomad
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Post by Nomad on May 3, 2020 16:06:03 GMT
New £1,000,000 loan (also in Chelsea) launched 9.30 a.m. today (Sunday) has already filled. 8% interest, 66% LTV. New 6-month bridging loan launching tomorrow - £2.31 million, 7.75%, LTV at exit 65.3%. 95% reserved by 5pm Sunday.
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pikestaff
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Post by pikestaff on May 4, 2020 8:14:57 GMT
Hi I am aware loanpad are doing well and so far seem unaffected by this crisis. What other platforms seem to be weathering this storm so far ? (Touch wood) Some would argue not technically p2p but Wisealpha is thriving under these strained financial times. Secondary market is very active and plans to increase product range in near future. It is easy to see why when your options are: 1) Lend to unsecured, unknown borrowers with likely poor credit ratings with provision funds for 3-4%- aka Zopa, Ratesetter etc 2) Lend to small developers or businesses with some degree of security but high risk in nature, - aka AC, FC etc for 4-8% 3) Lend to HSBC, BUPA, BARCLAYS, LLOYDS, M and S, Daily Mail etc for 4-5% Assuming platform risks are similar, surely this is a no-brainer? Not even slightly like p2p, but I agree with your analysis. Whether WiseAlpha is better than a bond fund charging a similar fee is another matter, but for those of us who enjoy feeling in control (which is part of the reason why I'm in p2p) it is a good thing and I've recently opened an account. The key benefit compared with most p2p is liquidity even in bad times. But of course that comes with the potential for mark-to-market losses, which some in p2p (judging from the AC board) seem unable to accept.
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Nomad
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Post by Nomad on May 5, 2020 19:04:21 GMT
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benaj
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Post by benaj on Jun 18, 2020 9:43:04 GMT
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Greenwood2
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Post by Greenwood2 on Jun 18, 2020 10:39:26 GMT
Whether that is good or bad might be debatable. Platforms cutting back on lending because they are tightening lending criteria seems sensible to me at present.
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Post by df on Jun 18, 2020 13:28:08 GMT
UB and Rebs are missing from the list. FC’s 3.7% up is probably a result of CBILS approval or their traditional strategy to lend to anyone who applies for a loan.
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benaj
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Post by benaj on Jun 18, 2020 13:29:38 GMT
UB and Rebs are missing from the list. FC’s 3.7% up is probably a result of CBILS approval or their traditional strategy to lend to anyone who applies for a loan. FC is doing something different, even FCUS and FSNL have been increased lending.
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Post by nooneere on Jun 18, 2020 21:02:11 GMT
We should also notice CP's achievement (reported yesterday www.altfi.com/article/6715_crowdproperty-reaches-75m-lending-milestone ) of £75m lent since 2014 with 100% payback record. Record levels of funding applications in the last few months and the last 18 projects filled in 41 seconds on average. This is one of the platforms that will survive coronavirus.
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