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Post by supernumerary on Apr 24, 2020 11:32:15 GMT
Monday 27th April 2020 - Loan Launch Details:
•Borrower Sector: Property Development
•Loan Amount: £265,000
•Ablrate Lenders’ Loan Amount: £238,500
•Term: 12 months (9 months minimum term).
•Rate: 13% - Interest Only.
•Security: Company Debenture, Corporate Guarantee,
•Assignment by Way of Security over Project Specific Security including Second Ranking Legal Charge.
•Instant Returns: Enabled.
•Loan Launch: 11am – 27th April 2020 (READ ONLY).
•Loan Live: 2pm – 27th April 2020.
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Post by supernumerary on Apr 26, 2020 7:02:42 GMT
And no bid limits.  …well spotted on this loan too! 
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star dust
Member of DD Central
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Post by star dust on Apr 27, 2020 14:22:30 GMT
Just noticed the post below on a Lendy thread Spam from these people to ThinCats investors also features here on the General P2x Discussion Board - 5 up from the bottom of page 1. I am not on Abl and so know nothing of the loan detail or the company either, but as the recipient of junk mail from them myself, I thought Abl investors might be interested, hence I'm quoting the post here. /mod hat off Ah, it appears to me that these are the same people who have floated a loan request over on ablrate , loan 144 (and some earlier ones too). Given the track record of some of the involved parties, and the spamming of my email address, I shall not be subscribing .. Oh, but wait, it is only 79% LTV .. well L to GDV, what can possibly go Wolverhampton shaped .. In Edit: This post and follow-up debate has now been moved to DDC Lendy for those with access, but you can still see the original thread on the main Lendy Board. |
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mrdc
Member of DD Central
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Post by mrdc on Apr 27, 2020 14:50:44 GMT
Just noticed the post below on a Lendy thread Spam from these people to ThinCats investors also features here on the General P2x Discussion Board - 5 up from the bottom of page 1. I am not on Abl and so know nothing of the loan detail or the company either, but as the recipient of junk mail from them myself, I thought Abl investors might be interested, hence I'm quoting the post here. /mod hat off Ah, it appears to me that these are the same people who have floated a loan request over on ablrate , loan 144 (and some earlier ones too). Given the track record of some of the involved parties, and the spamming of my email address, I shall not be subscribing .. Oh, but wait, it is only 79% LTV .. well L to GDV, what can possibly go Wolverhampton shaped .. Thank you for the post. More dd for me i think.
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criston
Member of DD Central
Posts: 1,204
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Post by criston on Apr 27, 2020 14:51:17 GMT
Just noticed the post below on a Lendy thread Spam from these people to ThinCats investors also features here on the General P2x Discussion Board - 5 up from the bottom of page 1. I am not on Abl and so know nothing of the loan detail or the company either, but as the recipient of junk mail from them myself, I thought Abl investors might be interested, hence I'm quoting the post here. /mod hat off Ah, it appears to me that these are the same people who have floated a loan request over on ablrate , loan 144 (and some earlier ones too). Given the track record of some of the involved parties, and the spamming of my email address, I shall not be subscribing .. Oh, but wait, it is only 79% LTV .. well L to GDV, what can possibly go Wolverhampton shaped .. Any chance of a link, only I am unsure where to look.
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macq
Member of DD Central
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Post by macq on Apr 27, 2020 15:07:01 GMT
Just noticed the post below on a Lendy thread Spam from these people to ThinCats investors also features here on the General P2x Discussion Board - 5 up from the bottom of page 1. I am not on Abl and so know nothing of the loan detail or the company either, but as the recipient of junk mail from them myself, I thought Abl investors might be interested, hence I'm quoting the post here. Any chance of a link, only I am unsure where to look. On the general discussion board scroll down to Thincats data breach and its mentioned a few posts in
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criston
Member of DD Central
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Post by criston on Apr 27, 2020 15:40:14 GMT
"Given the track record of some of the involved parties"
Would appreciate any links to the quote above.
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Post by ladywhitenap on Apr 28, 2020 11:08:08 GMT
Just spotted that whilst the borrower has some skin in the game in each of their loans, the first one Winchester was 43%, the next Croydon was 15% and the proposal for this one is a mere 10%.
The previous two loans are being serviced on time which is good but can't help feel a bit wary of property (or more like the ability sell) in the current climate.
LW
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Post by Badly Drawn Stickman on Apr 28, 2020 11:35:58 GMT
"Given the track record of some of the involved parties"
Would appreciate any links to the quote above. The above quote is mostly a stand alone and will not aid you much. It does however contain all the information you need to start your DD, follow the names. I recall following this path previously and assumed there would be a record of it on the threads to the earlier loans, seems not.
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macq
Member of DD Central
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Post by macq on Apr 28, 2020 12:49:02 GMT
"Given the track record of some of the involved parties"
Would appreciate any links to the quote above. The above quote is mostly a stand alone and will not aid you much. It does however contain all the information you need to start your DD, follow the names. I recall following this path previously and assumed there would be a record of it on the threads to the earlier loans, seems not. Not followed the names as i could get my head around the fact that they offered their own bonds/platform at the time of the first loan and asked a couple of questions at the time as to why they were using Abl for funds which i think are in the merged thread about the first 3 property loans - but now i am intrigued to dig deeper 
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criston
Member of DD Central
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Post by criston on Apr 29, 2020 14:09:26 GMT
So we have clarification of the Email problem in the Admin Notes.
Now I need to get to the bottom of "Given the track record of some of the involved parties" mentioned above.
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on May 1, 2020 17:47:37 GMT
So we have clarification of the Email problem in the Admin Notes. Now I need to get to the bottom of "Given the track record of some of the involved parties" mentioned above. I'm curious too about the latter. Can anyone spill the beans please? Cheers.
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Post by supernumerary on Jun 4, 2020 19:02:51 GMT
...it looks like ablrate are going to let this available loan 'run', until it is fully filled.
Correct me if I am wrong, but the original listing I believe, was for 30 or 31 days, from the 27th April 2020.
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criston
Member of DD Central
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Post by criston on Jun 6, 2020 16:49:07 GMT
Now fully funded after big push recently.
I never noticed PI's £26,500 going in at the start, so maybe they polished it off.
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Post by Ace on Jun 6, 2020 20:45:05 GMT
Now fully funded after big push recently. I never noticed PI's £26,500 going in at the start, so maybe they polished it off. I seem to remember it being part funded before it went live, so I think that was P1's contribution.
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