puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on Sept 3, 2020 10:52:16 GMT
Can't see how too invest though!
Same here - it doesn't show up.
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blueclio
Take Care Everyone!
Posts: 10
Likes: 6
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Post by blueclio on Sept 3, 2020 11:02:33 GMT
Loan # 1281
Oddly, it says:
"Auction Status
100.00% funded
Closes: a day ago"
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Post by bradley02 on Sept 3, 2020 11:03:43 GMT
B******* LIMITED
Estimated drawdown date
04/09/2020
'This loan is coming soon. Investments will not be processed until the loan has drawn down'.
But a good sign with AC commencing lending again. Shape of things to come.
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Post by korky on Sept 3, 2020 11:20:21 GMT
9% looks good for a 45% LTV loan.
Although there are already good 9% loans with availability on the secondary market -
... loan 615 Ma** - 54% LTV, ... loan 745 Br*** Ho*** - 29% LTV after recent repayment.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 3, 2020 11:27:58 GMT
Loan # 1281
Oddly, it says:
"Auction Status
100.00% funded
Closes: a day ago"
That's the underwriter's auction which completed very quickly.
Availability to MLA investors will be post drawdown.
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Post by Ace on Sept 3, 2020 11:28:51 GMT
I haven't received the email. I've checked spam folder and checked that I have the upcoming loans notification setting on  I've now received the email, following a discussion via the "chat" service, but it starts "Dear William". My name is not William!!!
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dead-money
Rocket to the Moon
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Likes: 654
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Post by dead-money on Sept 3, 2020 11:29:13 GMT
9% looks good for a 45% LTV loan.
Do some Due Diligence and you might not think so. see #845
#615 & #745 look to be much better options.
(I have holdings in both of these)
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on Sept 3, 2020 11:33:09 GMT
When a single loan is being promoted, the text before the info panel reads: " We're pleased to let you know that a new loan is now available for investment on the Assetz Capital platform:" When it's multiple loans, the text before the info panel reads: " We're pleased to let you know about some new loan investment opportunities recently added to the Assetz Capital platform:" For my money, the first sentence implies an degree of immediate availability which the second sentence manages to avoid. Maybe the first would be better with similar wording: 'We're pleased to let you know that a new loan investment opportunity was recently added to the Assetz Capital platform:' In both instances, the text after the info panel reads: " To view all of the loans currently available and any upcoming loans, visit the 'Browse Loans' page in your Dashboard." (If this is the most testing aspect of my day, I'll consider the day to have been a good one ....  ) |
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Post by bradley02 on Sept 3, 2020 11:38:05 GMT
9% looks good for a 45% LTV loan.
Do some Due Diligence and you might not think so.
#615 & #745 look to be much better options.
(I have positions in both of these)
The borrower has been on AC's books since 2018 with this property with no issues. It is a refinance of the current loan. Due Diligence will show historic details not really relevant or of a concern to lending on this property/loan.
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Post by korky on Sept 3, 2020 11:54:37 GMT
... and then there is the QAA  ... 9.9% available right now. |
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Sept 3, 2020 11:56:59 GMT
Good to see MLA loans paying a fair rate of return coming live again, compared to the pathetic and ever-decreasing rates being offered on the Access Accounts and all the challenges with them now.
As commented above, the "100.00% funded" is confusing and AC should mention that refers to the underwriters.
It's a pity we can't fund in advance like AC used to allow. Another one of AC's brilliant innovations to make life harder for their investors.
The platform states: "Estimated drawdown date
: 04/09/2020" so we'll have to see when it actually goes live.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 3, 2020 13:26:51 GMT
... and then there is the QAA ... 9.9% available right now. No that's the buy discount, not the rate of return. 
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 3, 2020 13:27:43 GMT
Good to see MLA loans paying a fair rate of return coming live again, compared to the pathetic and ever-decreasing rates being offered on the Access Accounts and all the challenges with them now. As commented above, the "100.00% funded" is confusing and AC should mention that refers to the underwriters. It's a pity we can't fund in advance like AC used to allow. Another one of AC's brilliant innovations to make life harder for their investors. The platform states: "Estimated drawdown date : 04/09/2020" so we'll have to see when it actually goes live. You can blame the FCA for that one, rather than AC.
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garfield
Member of DD Central
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Post by garfield on Sept 3, 2020 13:32:21 GMT
You can blame the FCA for that one, rather than AC. And in turn you can blame Lendy!! 
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victors
Member of DD Central
Posts: 157 
Likes: 86
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Post by victors on Sept 3, 2020 15:56:20 GMT
B******* LIMITED Estimated drawdown date 04/09/2020 'This loan is coming soon. Investments will not be processed until the loan has drawn down'. But a good sign with AC commencing lending again. Shape of things to come. Looks as though it is available now.
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)
... 9.9% available right now. 
