des
Posts: 119 
Likes: 78
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Post by des on May 21, 2021 10:06:22 GMT
Friday 21st May 2021 - Loan Launch Details: - Borrower Sector: Energy
- Loan Amount: £400,000.
- Term: 36 months (12 months minimum term).
- Rate: 13% - Amortising (6 year repayment profile).
- Security: Debenture from Borrower, Debentures and Corporate Guarantees from Group Subsidiaries, Legal Charge over Leasehold Land, Personal Guarantee.
- Instant Returns: Enabled.
- Loan Launch: 11am – 21st May 2021 (READ ONLY).
- Loan Live: 2pm – 21st May 2021
- Initial Bid Limit: £5,000
- Bids removed: 4pm 21st May 2021
- Loan Amount: £400,000.
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Post by ladywhitenap on May 21, 2021 10:18:09 GMT
Should this be bid restrictions removed 16:00?
I know the above post is a copy of the email sent but surely they are not closing bidding after 2 hrs?
LW
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ptr120
Member of DD Central
Posts: 1,197
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Post by ptr120 on May 21, 2021 11:39:44 GMT
With the previous loan for this project, six months of interest was held on account, which means that they are effectively coming back for further funds after having only paid one months worth of interest out of pocket. There are 15 other loans to this borrower which is a lot of eggs in one basket for the platform. I wonder if the borrower has shares in the platform?
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Post by darren on May 21, 2021 11:56:55 GMT
It would have been handy to have the bid restrictions in place until after 1000145 completes tomorrow (assuming it is).
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des
Posts: 119
Likes: 78
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Post by des on May 21, 2021 12:13:03 GMT
Should this be bid restrictions removed 16:00? I know the above post is a copy of the email sent but surely they are not closing bidding after 2 hrs? LW I assume the same as you  But I kept the original to avoid any responsibility
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Post by darren on May 21, 2021 12:32:42 GMT
It would have been handy to have the bid restrictions in place until after 1000145 completes tomorrow (assuming it is). Email just in: 1000145 has repaid a day early and should hit our accounts soon. I had no idea the amount of influence I had over the lenders!
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Post by ladywhitenap on May 21, 2021 13:07:02 GMT
About 90% gone in 5 minutes!
LW
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
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Post by dave4 on May 21, 2021 14:07:56 GMT
About 90% gone in 5 minutes! LW And relax.
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Post by ladywhitenap on Jun 2, 2021 16:44:07 GMT
Faint jungle drums reaching my ears suggest that there might well another tranche of this one quite soon......
LW
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But I kept the original to avoid any responsibility 