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Post by wildlife2 on Dec 21, 2014 22:08:16 GMT
New loan listed today-bottling plant, 116k for just 4 months @10%.
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duck
Member of DD Central
Posts: 2,586
Likes: 5,753
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Post by duck on Dec 22, 2014 6:23:36 GMT
I note in the loan proposal under "Capital Repayment / 4 Months from drawdown" the 'small print' states ......"capital repayment being made on the third anniversary of the loan." Could ablrate clarify or am I missing something?
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Post by ablrate on Dec 22, 2014 15:54:56 GMT
I note in the loan proposal under "Capital Repayment / 4 Months from drawdown" the 'small print' states ......"capital repayment being made on the third anniversary of the loan." Could ablrate clarify or am I missing something? Sorry.......an error... we will fix that. Sorry!!! Regards Ablrate
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duck
Member of DD Central
Posts: 2,586
Likes: 5,753
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Post by duck on Dec 22, 2014 16:22:00 GMT
I note in the loan proposal under "Capital Repayment / 4 Months from drawdown" the 'small print' states ......"capital repayment being made on the third anniversary of the loan." Could ablrate clarify or am I missing something? Sorry.......an error... we will fix that. Sorry!!! Regards Ablrate Thanks.
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Post by ablrate on Dec 22, 2014 21:18:36 GMT
Sorry.......an error... we will fix that. Sorry!!! Regards Ablrate Thanks. All changed, thanks for pointing that out.... must of been too much egg nog... Regards Ablrate
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Post by snowdrop800 on Dec 24, 2014 10:22:03 GMT
Hi, I have posted a question on your website but it doesn't appear under the bottle loan Q&A section - so I'm not quite sure how the loan q&a works?
Anyway, could you just clarify the point of the loan at only 4 months in duration and where the full repayment comes from in 4 months time?
Sorry if I missed it in the loan proposal.
If you want to post the answer on your website, please let me know where to find it.
Many thanks.
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Post by ribble on Dec 24, 2014 14:57:15 GMT
snowdrop800 I believe that a question does not appear in the loan Q&As until Ablrate have prepared their response. They then post your question and their answer at the same time. HTH
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Post by ablrate on Dec 24, 2014 18:38:00 GMT
Hi, I have posted a question on your website but it doesn't appear under the bottle loan Q&A section - so I'm not quite sure how the loan q&a works? Anyway, could you just clarify the point of the loan at only 4 months in duration and where the full repayment comes from in 4 months time? Sorry if I missed it in the loan proposal. If you want to post the answer on your website, please let me know where to find it. Many thanks. Hi Sorry, we approve all questions... being Chrimbo Eve, we were a bit slow. I will have a look now... and get a response over the next couple of days. Regards Ablrate
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Post by snowdrop800 on Dec 24, 2014 19:15:42 GMT
Thanks both - reply now on the website.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,101
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Post by ilmoro on Jan 19, 2015 13:39:18 GMT
Down to last £800 if anyone was, like me, waiting until just before close to jump in.
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baz657
Member of DD Central
Posts: 499
Likes: 187
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Post by baz657 on Jan 19, 2015 15:13:34 GMT
Now fully funded - in fact over funded! (101.03%)
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Jan 19, 2015 16:23:41 GMT
Down to last £800 if anyone was, like me, waiting until just before close to jump in. Think everyone was waiting to jump in closer to the end, if I remember correctly this one does not pay interest from the bid date and being a short (4 month?) loan, anyone investing early takes a significant hit on their return. Think ablrate need to take a look at this otherwise some larger future loans may not fund due to the Prisoners Dilemma. I have a suspicion this loan would have filled in less than a week if it had the 'Instant Returns' interest from bid date applied to it.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,101
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Post by ilmoro on Jan 19, 2015 19:23:02 GMT
Down to last £800 if anyone was, like me, waiting until just before close to jump in. Think everyone was waiting to jump in closer to the end, if I remember correctly this one not pay interest from the bid date and being a short (4 month?) loan, anyone investing early takes a significant hit on their return. Think ablrate need to take a look at this otherwise some larger future loans may not fund due to the Prisoners Dilemma. I have a suspicion this loan would have filled in less than a week if it had the 'Instant Returns' interest from bid date applied to it. I think the instant returns is applied to loans where the transaction has already been done and we are taking out underwriters/other lenders but I also think loans will drawn down earlier if fully funded early, so maybe Albrate need to emphasise this point. There is obviously a risk to lenders of tying up funds in this case so maybe Albrate should look at some form of shadow bidding/pledge system where funds are only required once the loan is funded. Certainly this would speed up any small loans.
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Post by ablrateandy on Jan 19, 2015 21:43:27 GMT
Keeping Team Ablrate sweating?
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Jan 19, 2015 23:15:48 GMT
Merely trying to assist you in getting the investor opportunity 'off the ground' by giving you an insight into the lenders perspective. Canny bunch of lenders on this forum you know!
Seem to remember a recent email from the Ablrate team that there are now over 400 members on the site but this loan filled from investment from just 78 lenders. Wondering if the other 322+ (a) missed out as they did not want to tie the investment up too early, (b) did not want to participate in this particular loan at all, having completed their DD, (c) are vouyeur members only sitting quietly waiting in the wings for the deal rate to increase before committing any funds to the platform, or (d) any other reason you can think of.
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