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Post by overthehill on Mar 31, 2020 15:53:01 GMT
Does anybody request and read the valuation and legal documents for new loans or do you just rely on the video and description page? These docs are not accessible but I thought more people would be interested in the nitty gritty details of the valuation rationale.
Thanks
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Post by Ace on Mar 31, 2020 17:10:50 GMT
Does anybody request and read the valuation and legal documents for new loans or do you just rely on the video and description page? These docs are not accessible but I thought more people would be interested in the nitty gritty details of the valuation rationale.
Thanks
I personally now rely on the description page. In the early days I attempted to do my own research on the borrower and their related companies. I also used to try and come up with my own valuation of the security. However, over time I've learnt that I can trust CP to do a better job of this than I was doing. I avoided a few loans due to my own concerns that turned out to be unfounded. In the early days I felt this to be necessary as CPs professionalism was untested, and also because I was investing larger amounts in each loan where I could as there were fewer loans and it was difficult to get a chunk. Once I became fully invested, and due to the introduction of auto invest, and due to the increased supply of projects, it's become less of an issue. I've now reduced my maximum auto invest amount per loan so that any large repayments are spread over multiple new loans.
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rocky1
Member of DD Central
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Post by rocky1 on Apr 1, 2020 5:45:18 GMT
re yesterday's loan.9 months interest retained from loan amount so borrower paying nothing anyway.3rd project with CP with this borrower and his group of companies.my limited DD on this borrower and his companies history made me weary as found out the pitfalls of multiple same borrower loans and passed on this occasion.still no problem with loans flying off the shelf I doubt my few bob will be missed and better off in my pocket at the moment.
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ton27
Member of DD Central
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Post by ton27 on Apr 2, 2020 11:45:01 GMT
re yesterday's loan.9 months interest retained from loan amount so borrower paying nothing anyway.3rd project with CP with this borrower and his group of companies.my limited DD on this borrower and his companies history made me weary as found out the pitfalls of multiple same borrower loans and passed on this occasion.still no problem with loans flying off the shelf I doubt my few bob will be missed and better off in my pocket at the moment. Can you advise which other loans this borrower has?
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rocky1
Member of DD Central
Posts: 1,120
Likes: 1,940
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Post by rocky1 on Apr 2, 2020 12:09:33 GMT
details are on latest cheadle hulme loan.2 active loans at churchgate and stretford with a facility of £3.2 million.
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