spyrogyra
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Post by spyrogyra on Jan 5, 2015 17:47:04 GMT
I think that we all would benefit if there's a list of the loans that are still waiting to become live.
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Liz
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Post by Liz on Jan 5, 2015 18:50:23 GMT
11,12,13(one lender), 15, 20, are mine.
Also 14,19?,21, I think.
The update on Friday would be helpful if it flagged up the loans that are yet to drawdown.
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star dust
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Post by star dust on Jan 5, 2015 18:51:02 GMT
I think that we all would benefit if there's a list of the loans that are still waiting to become live. Loans still to go live are:= PBL 011 PBL 012 PBL 013 PBL 016 PBL 017 PBL 018 PBL 019 PBL 020 and PBL 021 With the exception of PBL021 all the remaining loans savingstream expect to go live this week - as reported in their last weekly update see thread "Weekly Updte 19/12/2014". The information on whether a loan has gone live or not can be found in the "Description & Documents" tab of each loan.
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star dust
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Post by star dust on Jan 6, 2015 14:46:22 GMT
It seems that once again savingstream were both listening and acted, an extra column entitled "drawdown" has now been added to the main Loans page. |
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spyrogyra
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Post by spyrogyra on Jan 6, 2015 14:46:59 GMT
THANK YOU very much !
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mikes1531
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Post by mikes1531 on Jan 6, 2015 15:18:39 GMT
And thanks from me too!  |
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Liz
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Post by Liz on Jan 6, 2015 20:05:32 GMT
Yes. Thanks a lot Saving Stream. I'm impressed with my experience and bank balance so far.
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Post by trainman on Jan 6, 2015 20:07:11 GMT
11,12,13(one lender), 15, 20, are mine. Also 14,19?,21, I think. The update on Friday would be helpful if it flagged up the loans that are yet to drawdown. new to this type of lending,,,but could you explain if poss what is ment by Drawndown loans thanks
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Post by savingstream on Jan 6, 2015 20:29:51 GMT
Loans that have been completed by our legal team and the funds have sent to the borrower are considered to have been 'drawndown'.
In some circumstances loans can set in the non-drawndown status for some time whilst legal complications regarding the loan are resolved.
Investors earn interest from the point at which they commit funds to a loan even if it hasn't drawndown yet.
Cashback and upfront/accrued interest are credited to investors accounts upon drawndown of the loan.
If a loan does not go live for any reason, Lendy Ltd commits to covering any cashback and interest accrued from our corporate funds.
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Post by trainman on Jan 6, 2015 20:40:09 GMT
thank you for your very quick response, and for explaining in detail
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Post by Deleted on Jan 13, 2015 19:18:19 GMT
PBL11, 12 and 13 were supposed to draw down last week then it was going to be yesterday or today in friday's update.
Not seen anything yet.
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mikes1531
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Post by mikes1531 on Jan 14, 2015 0:13:39 GMT
PBL11, 12 and 13 were supposed to draw down last week then it was going to be yesterday or today in friday's update. Not seen anything yet. That's a bit disappointing. I was hoping that I'd be able to invest the pre-drawdown interest and cashback that I'm expecting from my investments in these loans -- which will be more than 3.5% of my capital since most of my investment was made way back at the end of September -- in PBL020, which is supposed to be very close to drawdown. No doubt many other lenders would do the same, and if they did, the £50k put toward PBL020 would make a significant dent in the remaining funding requirement for that loan and reduce the amount of underwriting savingstream would have to organise and pay for if they want PBL020 to be able to draw down in the next few days.
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Post by savingstream on Jan 14, 2015 9:56:41 GMT
We expect PBL11-13 to hopefully go live on Thursday pending any further complications. We do not expect PBL20 to go live until next week so it should give investors the opportunity to invest pre-drawdown interest and cashback from 11-13 in the remaining availability of PBL20.
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star dust
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Post by star dust on Jan 16, 2015 6:21:29 GMT
At least it's Friday so we should get another update, but as PBLs 11-13 (or any of the others for that matter) have not gone live, as things stand at the moment there wouldn't be enough of PBL 20 (or anything else) for everyone to be able to re- invest the interest and cash- back expected. Unless another pipeline loan goes live as promised last week, or savingstream have some underwritten PBL 20 up their sleeve it seems some lenders re-investment hopes may be dashed. |
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Post by Deleted on Jan 16, 2015 13:03:49 GMT
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