shimself
Member of DD Central
Posts: 2,561 
Likes: 1,170
|
Post by shimself on Jul 20, 2021 11:44:20 GMT
Hello Loanpad
I've tried asking you on twitter, I've tried asking by email. 3rd time lucky?
in the 83 loans, how many (unconnected) borrowers, properties, locations etc? how many Lending Partners (is it still HandF and nobody else?)
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
Likes: 11,077
|
Post by ilmoro on Jul 20, 2021 11:58:48 GMT
There are at least 5 Lending partners.
|
|
|
|
Post by Ace on Jul 20, 2021 12:51:46 GMT
... and 97 loans. Not sure what the 83 refers to (perhaps the number of extant loans when you first asked?).
EDIT: I'd quite like to see some published lending partner stats, e.g. the percentage of the current loanbook assigned to each etc. I know its possible to work this out from the info provided, but it's a bit of a ball-ache to achieve.
|
|
|
|
Post by Loanpad on Jul 20, 2021 13:25:36 GMT
Hello Loanpad
I've tried asking you on twitter, I've tried asking by email. 3rd time lucky?
in the 83 loans, how many (unconnected) borrowers, properties, locations etc? how many Lending Partners (is it still HandF and nobody else?)
Hi shimself – sorry if we missed any messages. Details are as follows: 5 lending partners. Some others to be onboarded shortly 97 loans (ignoring tranches) 95 unique borrowers 83 unconnected borrowers
|
|
|
|
Post by Loanpad on Jul 20, 2021 13:31:43 GMT
... and 97 loans. Not sure what the 83 refers to (perhaps the number of extant lands when you first asked?). EDIT: I'd quite like to see some published lending partner stats, e.g. the percentage of the current loanbook assigned to each etc. I know its possible to work this out from the info provided, but it's a bit of a ball-ache to achieve. hi Ace we are intending to add more data to the Live Data feed (including what you have suggested in the form of a pie chart) but this is currently some way down the development pipeline so it is hard to give an accurate timescale
|
|
|
|
Post by Ace on Jul 27, 2021 13:15:34 GMT
Congratulations to Loanpad on achieving 100 extant loans for the first time.
Now just over £37M funds on the platform.
The largest loan represents ~5.4% of funds.
Average loan now represents just 1% of funds (obviously).
|
|
|
|
Post by Ace on Sept 8, 2021 12:41:54 GMT
Loanpad crossed the £40M funds on platform point for the first time today.
|
|
|
|
Post by Ace on Oct 18, 2021 14:39:05 GMT
Another milestone reached on Loanpad today: over £40M in extant loans. There's also another £2.5M of unallocated funds on the platform. So plenty of scope for servicing withdrawal requests. Congratulations Loanpad , and keep up the good work. |
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Oct 18, 2021 16:54:01 GMT
The thing I still don't like is that I can't limit lending to any loan by a £ amount. The more I invest the more I am exposed in terms of £ to the biggest possibly riskiest loans. The only way I can reduce this risk is by not investing any more in Loanpad. I would happily invest a fixed £ amount in each loan (which might be higher for some loans), but not a fixed %.
|
|
|
|
Post by Ace on Oct 18, 2021 17:05:34 GMT
The thing I still don't like is that I can't limit lending to any loan by a £ amount. The more I invest the more I am exposed in terms of £ to the biggest possibly riskiest loans. The only way I can reduce this risk is by not investing any more in Loanpad. I would happily invest a fixed £ amount in each loan (which might be higher for some loans), but not a fixed %. But that would break the whole MO of the platform. I really like the simplicity of how it operates. As the platform is growing rapidly the exposure to each loan reduces almost daily. The maximum exposure to any one loan is currently just under 5.3% of one's funds. The average is under 1%.
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Oct 18, 2021 17:33:00 GMT
The thing I still don't like is that I can't limit lending to any loan by a £ amount. The more I invest the more I am exposed in terms of £ to the biggest possibly riskiest loans. The only way I can reduce this risk is by not investing any more in Loanpad. I would happily invest a fixed £ amount in each loan (which might be higher for some loans), but not a fixed %. But that would break the whole MO of the platform. I really like the simplicity of how it operates. As the platform is growing rapidly the exposure to each loan reduces almost daily. The maximum exposure to any one loan is currently just under 5.3% of one's funds. The average is under 1%. It could just be an alternative. Pick % or Max £. I had to start withdrawing funds because I wasn't happy with Max £ exposure on some loans. If as you say the % has reduced I could look again at the maximum amount I can put on the platform without exceeding my max £ amount per loan. Edit: 1% seems OK, 5% not so good.
|
|
trium
Member of DD Central
Posts: 379
Likes: 298
|
Post by trium on Oct 21, 2021 14:41:07 GMT
This seems to be a dilemma for some lenders, not just here but elsewhere (Assetz Capital's Access Account, for example). Some people worry about how much they are exposed to a particular borrower, but they're not.
If your borrower who has 5% of your funds defaults you still get your 3-4% interest. You are still able to withdraw up to 100% of your investment subject to notice requirements. The exposure to individual borrowers is immaterial. Unless, of course, the platform is unable to meet its obligations.
|
|
|
|
Post by Ace on Oct 21, 2021 14:48:40 GMT
This seems to be a dilemma for some lenders, not just here but elsewhere (Assetz Capital's Access Account, for example). Some people worry about how much they are exposed to a particular borrower, but they're not. If your borrower who has 5% of your funds defaults you still get your 3-4% interest. You are still able to withdraw up to 100% of your investment subject to notice requirements. The exposure to individual borrowers is immaterial. Unless, of course, the platform is unable to meet its obligations. Not quite. If a borrower with 5% of your funds defaults you can only withdraw the other 95%. The 5% will be locked in until the default is dealt with. EDIT: Unless it's a "default without suspension", in which case you would be able to withdraw all. This happens when a borrower defaults, but the security is so good that Loanpad see no prospect of a loss (like for loan 9922376 presently).
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Oct 21, 2021 15:06:58 GMT
This seems to be a dilemma for some lenders, not just here but elsewhere (Assetz Capital's Access Account, for example). Some people worry about how much they are exposed to a particular borrower, but they're not. If your borrower who has 5% of your funds defaults you still get your 3-4% interest. You are still able to withdraw up to 100% of your investment subject to notice requirements. The exposure to individual borrowers is immaterial. Unless, of course, the platform is unable to meet its obligations. Not quite. If a borrower with 5% of your funds defaults you can only withdraw the other 95%. The 5% will be locked in until the default is dealt with. EDIT: Unless it's a "default without suspension", in which case you would be able to withdraw all. This happens when a borrower defaults, but the security is so good that Loanpad see no prospect of a loss (like for loan 9922376 presently). From Loanpad Risk Warnings. My bold. 'The risk of losing your money When you lend money, you rely on the borrower repaying it. If, for example, a borrower’s credit circumstances take a turn for the worse, they may struggle to repay the loan. And if this happens, you run the risk of not getting back the money you’ve loaned to that borrower.'So if you have lent 5% to a borrower you have 5% at risk, albeit hopefully low risk.
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Oct 23, 2021 16:54:40 GMT
This seems to be a dilemma for some lenders, not just here but elsewhere (Assetz Capital's Access Account, for example). Some people worry about how much they are exposed to a particular borrower, but they're not. If your borrower who has 5% of your funds defaults you still get your 3-4% interest. You are still able to withdraw up to 100% of your investment subject to notice requirements. The exposure to individual borrowers is immaterial. Unless, of course, the platform is unable to meet its obligations. Also it seems there are a number of extended loans with no ICF, which I assume means you don't get any interest on these loans.
|
|
