agent69
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Post by agent69 on Dec 6, 2014 9:35:25 GMT
Latest e-mail from TC
Like last year, December is proving to be very busy for loans, currently there are 9 loans in auction and the sponsors have identified another 42 deals in the pipeline, totalling about £64m. Clearly this is at least ten times more than our normal monthly capacity to fill deals and so we are in a frustrating position of having far more deals than we can fund and the sponsor are being forced to hold back many of the deals they would like to list..
This will mean that December and January is going to be a particularly good time for lenders because interest rates are artificially high and and some borrowers are offering additional incentives in the form of 'cash-back' in order to get their deal funded. Please have a look at the current batch, there are cash-back offers of as much as 5% available
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gnasher
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Post by gnasher on Dec 7, 2014 15:19:15 GMT
Meanwhile AC seem to be having a bit of a loan famine. Hmmm, interesting.
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agent69
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Post by agent69 on Dec 7, 2014 19:55:16 GMT
Meanwhile AC seem to be having a bit of a loan famine. Bit of an understatement
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pikestaff
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Post by pikestaff on Dec 9, 2014 16:13:51 GMT
I think the criticism of AC's changes has been overdone, but they have made a complete pig's ear of the green energy fund. As far as TC are concerned, rates are on the up and their sponsors are staying loyal. With rates on some other sites (notably Wellesley) edging down, and with some steam going out of the fad for bridging loans, funds should be flooding back to TC. If only their communications were half as good as AC's I think they would be. I will be adding when I can, although I'm a bit cash poor at the moment.  |
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gb007
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Post by gb007 on Dec 9, 2014 16:30:25 GMT
Latest TC loan offering cashback: A* E* S* a green energy supplier/renewables - 24 months loan @ 12% pa interest rate. The cash back incentive to be calculated as follows: - £3,000 1% Cash back
- £5,000 2% Cash back
- £10,000 3% Cash back
- £20,000 5% Cash back
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Steerpike
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Post by Steerpike on Dec 9, 2014 21:47:51 GMT
If only I could get connected to the Thincats site.
First Wellesley, then Landbay, and now TC.
Quite a day for "Server not found"
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pikestaff
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Post by pikestaff on Dec 9, 2014 23:56:09 GMT
Steerpike No probs here. May be problem at your end.
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edward
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Post by edward on Dec 10, 2014 7:51:33 GMT
I am being told security certificate has expired.
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Post by tybalt on Dec 10, 2014 15:46:55 GMT
It had but normal service has resumed
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gb007
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Post by gb007 on Dec 12, 2014 0:01:54 GMT
TC loan now offering cashback:
B* D* U* Ltd loan 2 - renewable energy - 5 yr @ 11% pa interest rate.
Cash back incentive as follows:
£5,000 1% Cash back
£10,000 2% Cash back
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gb007
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Post by gb007 on Dec 17, 2014 8:43:58 GMT
New loan offering cash back and instant interest: O*** A*** Ltd - 12 months @ 16% interest rate Bidding incentives: - ≥ £10,000 - 1% Cash back
- Bids made in the first three days of the auction will receive interest from the auction start date 17/12/14.
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agent69
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Post by agent69 on Dec 17, 2014 18:40:21 GMT
New loan offering cash back and instant interest: O*** A*** Ltd - 12 months @ 16% interest rate Bidding incentives: - ≥ £10,000 - 1% Cash back
- Bids made in the first three days of the auction will receive interest from the auction start date 17/12/14.
Interest only and security ranks behind loan 2
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agent69
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Post by agent69 on Dec 18, 2014 18:54:17 GMT
New loan offering cash back and instant interest: O*** A*** Ltd - 12 months @ 16% interest rate Bidding incentives: - ≥ £10,000 - 1% Cash back
- Bids made in the first three days of the auction will receive interest from the auction start date 17/12/14.
Interest only and security ranks behind loan 2 Just a thought, but you can pick up loan 2 on the AM at 13%. Do you want 13% with the better security, or is the extra 3% value for money if you have to take second place in the queue if the sticky brown stuff hits the fan?
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gb007
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Post by gb007 on Dec 19, 2014 23:18:59 GMT
Interest only and security ranks behind loan 2 Just a thought, but you can pick up loan 2 on the AM at 13%. Do you want 13% with the better security, or is the extra 3% value for money if you have to take second place in the queue if the sticky brown stuff hits the fan? All of the 16% has now gone! The higher rate had the bigger demand with £600k filled in just 2 days. Loan 2 is still available on the Secondary Market with some now offered @ 14%.
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Post by roni88 on Dec 22, 2014 7:50:23 GMT
This question is not really related to this thread, I just dont know where to post it -
I'm trying to find out which one is better? Lend on a single platform or multiple platforms?
What most lenders do?
And why?
Thanks!
Roni
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