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Post by alexp2p on Sept 17, 2020 10:53:49 GMT
Opinions about the new loan R*** C***** M*** U**
?
In my opinion, the main risk is that the borrower is the same as the tenant
It is mitigated by the fact that the business has been running for over seven decades, so it looks being a stable business.
However, interesting was the fact that the new FD tries to reverse the poor financial decisions made by the
predecessor, but I have nothing found about this in the valuation.
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Post by chubby on Sept 17, 2020 13:13:21 GMT
Hi Alexp2p
where did you find out about the FD ?
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sapphire
Member of DD Central
Posts: 386 
Likes: 309
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Post by sapphire on Sept 17, 2020 13:25:31 GMT
Hi Alexp2p where did you find out about the FD ? In the Full loan request...under Lender Risks
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metoo
Member of DD Central
Posts: 493
Likes: 310
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Post by metoo on Sept 18, 2020 1:55:21 GMT
PL LTV has been based on the current assessment of 90-day Vacant Possession Value versus sales comparables in the area.
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Post by overthehill on Sept 18, 2020 16:25:00 GMT
Only 100k left. Can't say I've done much extra DD but the rate at which it has filled is impressive. This loan is 1.4M, the next 5 loans are 1.6M, could go quickly.
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Post by uksoul on Sept 19, 2020 0:59:27 GMT
Only 100k left. Can't say I've done much extra DD but the rate at which it has filled is impressive. This loan is 1.4M, the next 5 loans are 1.6M, could go quickly.
About 60k left now. Tranche C went in seconds, i missed out on that but got a slice of B. The next loans likely to be snapped up fast too as with the loans on the PLE. Signs of normality returning.
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