Post by agent69 on Dec 12, 2013 18:46:57 GMT
Variable rate loan for £2.1m. Desired rate is 12% but borrower will accept 15% (apparently they're not worried about the rate, just desperate for the cash)
Rather strangely, TC are monitoring the auction twice a day and it will close the first time it's monitored when fully subscribed. Unsurprisingly, most people are bidding at 15%.
Given it can only be oversubscribed for 12hrs (so can't get beat down very far), why are some people bidding at 12%?
Rather strangely, TC are monitoring the auction twice a day and it will close the first time it's monitored when fully subscribed. Unsurprisingly, most people are bidding at 15%.
Given it can only be oversubscribed for 12hrs (so can't get beat down very far), why are some people bidding at 12%?
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