sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 12, 2015 9:52:10 GMT
Quite a few things coming though this week. More details to follow in Tuesday update. Recalling this announcement at the end of August 2015, as the prelude to a substantial list of pipeline loans for September 2015, which initially saturated the market and as a consequence, drew in 400 to 500 new lenders onto the Saving Stream platform. Today it is looking as if that 'September tranche' will be fully funded, when do you expect more loans to be listed in 'the pipeline'? Maybe not. Someone just added another 200k on Pebble 60. Edit: Yippee, still time to get some cashback.
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sam i am
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Post by sam i am on Oct 12, 2015 13:12:07 GMT
New on the Pipeline Loans page:
Tenanted Office Block, Somerset
Value £3m, Loan 2.1m, LTV 70%.
Is this a loan that was previously in the pipeline and then disappeared?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 12, 2015 13:35:17 GMT
New on the Pipeline Loans page: Tenanted Office Block, Somerset Value £3m, Loan 2.1m, LTV 70%. Is this a loan that was previously in the pipeline and then disappeared? Expect so. Currently it looks like theyve just relisted the old info as valuation has come back lower than 3mil, so they need to change that and presumably drop the loan amount (or find extra security) to meet the 70% LTV limit.
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Post by supernumerary on Oct 13, 2015 11:20:10 GMT
Expect so. Currently it looks like theyve just relisted the old info as valuation has come back lower than 3mil, so they need to change that and presumably drop the loan amount (or find extra security) to meet the 70% LTV limit. Saving Stream have updated the values; Value TBC £2,870,000 Loan TBC £2,000,000 LTV 70%
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sam i am
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Post by sam i am on Oct 26, 2015 14:15:40 GMT
Seven new loans with total borrowing over £9m in the pipeline but no documents yet. One loan in Hull is for over £5m, the rest are small to medium in size (in SS terms). Not sure what is going on with the farm in Newmarket as this currently shows a LTV of 78%. Edit: I see the loan has now been reduced by £140k so LTV is now 70%. Maybe someone at SS read this post.  It will be interesting to see what happens with the Hull loan as I think this is the largest we have seen on SS. I suspect many of the smaller loans will be oversubscribed. Anyway, good to see some action again. |
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LittleBear
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Post by LittleBear on Oct 26, 2015 15:02:10 GMT
I wonder whether the new Hull loan is connected to PBL54?
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TitoPuente
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Post by TitoPuente on Oct 26, 2015 15:48:52 GMT
Any idea on timing of these new loans going live? 2-3 days? a week?
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adrianc
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Post by adrianc on Oct 26, 2015 16:00:44 GMT
It will be interesting to see what happens with the Hull loan as I think this is the largest we have seen on SS. Looking down the list, yes, but "only" by £250k over PBL33 - and that would have been a much larger share of the total lending at the time.
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stevio
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Post by stevio on Oct 26, 2015 16:20:57 GMT
Any idea on timing of these new loans going live? 2-3 days? a week? Unusually it specifics weren't mentioned on the email update
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sam i am
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Post by sam i am on Oct 26, 2015 16:31:25 GMT
It will be interesting to see what happens with the Hull loan as I think this is the largest we have seen on SS. Looking down the list, yes, but "only" by £250k over PBL33 - and that would have been a much larger share of the total lending at the time. If my memory is correct, PBL33 was released in two tranches. This was slightly before my time as an investor on the platform. How quickly did each tranche fill?
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Post by Deleted on Oct 26, 2015 16:52:44 GMT
If this is this useless piece of land that's close to Clive Sullivan Way that's been bouncing around the P2P portals for the last 6 months I might avoid this one. Only documents will tell.  |
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webwiz
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Post by webwiz on Oct 26, 2015 21:38:13 GMT
If this is this useless piece of land that's close to Clive Sullivan Way that's been bouncing around the P2P portals for the last 6 months I might avoid this one. Only documents will tell. Why is it useless?
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Post by Deleted on Oct 27, 2015 8:20:25 GMT
Waiting to see the docs. However there is a line of land along that road which never seems to be developed, not sure if the issue is flooding (always a Hull issue), pollution costs etc. This road (CSW) is the main arterial for traffic in and out of Hull and more development in this area just makes it worse. Hull struggles to grow and certainly the amount of brown field land is large with very little demand. It's a tough place to make money developing land.
However it may be a completely different piece of land.
So, let's see the docs....
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webwiz
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Post by webwiz on Oct 27, 2015 9:11:35 GMT
Thanks for that. And you say that this land has failed to secure investment on other p2p portals?
Edit: Actually PBL54 sounds like the land you describe.
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jimbob
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Post by jimbob on Oct 27, 2015 9:20:55 GMT
The 38% farm looks quite nice - I'd like to see Docs tho before investing.
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