des
Posts: 119 
Likes: 78
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Post by des on Jul 23, 2021 14:34:51 GMT
- Borrower Sector: Energy
- Loan Amount: £500,000
- 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, Personal Guarantee
- Instant Returns: Enabled
- Loan Launch: 11am – 23rd July 2021 (READ ONLY)
- Loan Live: 2pm – 23rd July 2021
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 738 
Likes: 821
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Post by p2pfan on Jul 23, 2021 16:27:56 GMT
Large allocation of this loan still available a few hours after the launch.
I think most lenders have had their fill from the four previous tranches of this loan.
Desperately looking for more diversification from ABL, not same old few borrowers.
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Post by Badly Drawn Stickman on Jul 24, 2021 7:52:22 GMT
Large allocation of this loan still available a few hours after the launch. I think most lenders have had their fill from the four previous tranches of this loan. Desperately looking for more diversification from ABL, not same old few borrowers. I suspect it will fill in a few weeks (If I am interpreting it right as 31 days before the underwriters move in) payments on 60 and 62 are imminent and will most likely get recycled into it. Probably not far enough away from recent tranches for many to move money in for it. Clearly over time the amount wanted/needed will stretch the current investor base and its a staple of the platform. In reality Ablrate needs more investors to remedy this. I have no idea how much growth there is in that area, but sense it is possibly in the wrong direction. Maybe ASMX is the answer (it must be the answer to some question). In Ablrate terms there has been a veritable torrent of new borrowers recently, I believe it is two in about 3 months.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Jul 24, 2021 8:37:34 GMT
Yes, ASMX's answer is 42.00001.
It suits me to have instant returns and a place for repayments and trades for a few weeks.
163 was a new borrower, which was good.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Jul 30, 2021 8:30:44 GMT
This loan went within a week. Not so good for my instant returns, but great that there is still lender capacity for this loan series.
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Post by PierToPier on Jul 30, 2021 10:25:58 GMT
ablrate if this is indeed a 6yr amortising 3yr bullet loan then please sort out the repayment schedule on the website because it is currently incorrect.
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Post by PierToPier on Jul 30, 2021 11:09:15 GMT
ablrate if this is indeed a 6yr amortising 3yr bullet loan then please sort out the repayment schedule on the website because it is currently incorrect. I see you've now sorted it!
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Post by ladywhitenap on Aug 9, 2021 10:18:18 GMT
Rumour has it that another FPW tranche will appear very soon.
LW
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Post by Badly Drawn Stickman on Aug 9, 2021 17:44:46 GMT
Rumour has it that another FPW tranche will appear very soon. LW Some might think a little too soon. There was always a very large amount wanted overall but not sure the demand will match supply at this speed. That brings the underwriters into play and effectively makes all the tranches sub par damaging the holy grail of liquidity. On the plus side half expecting it, I have freed up some of the previous tranches in the last few weeks so have a modest war chest available for the one I am anticipating in the next few weeks that may suit me better.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Aug 10, 2021 7:32:21 GMT
Too soon after 153 for me.
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