puffin
Member of DD Central
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Post by puffin on Oct 15, 2016 10:41:30 GMT
£490 allocation on DFL004
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Oct 15, 2016 10:49:21 GMT
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jmr
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Post by jmr on Oct 17, 2016 14:21:28 GMT
New PBL appeared in pipeline at 12%.
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sam i am
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Post by sam i am on Oct 20, 2016 12:11:55 GMT
The Tunbridge Wells PBL is going live tomorrow...
ADVANCE LOAN GO-LIVE NOTICE
PBL141 - The W*****, Tunbridge Wells
Dear Sam I Am,
We are pleased to confirm that the above loan will be going live on Friday (21/10/2016).
All investors should ensure their pre-funding level for these loans are accurate. These loans will be funded using the 'bottom-up' funding model.
If you have any queries, please feel free to contact us.
Kind regards,
The Saving Stream Team
N.B. We reserve the right to cancel or extend this go live date if required.
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sam i am
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Post by sam i am on Oct 21, 2016 11:52:37 GMT
We have a biggie in the pipeline and it already has a PBL number. Haven't seen a Go-Live email yet.
PBL143 - *** House, R**** Road, London
Warehouse and office building
Loan Term: 365 days
Loan Amount: £7,920,000
Loan to value: 63%
Security Value: £12,500,000
Primary Security: First Legal Charge
Purpose Of Loan: Purchase
Exit Strategy: Refinance with development funding
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Post by supernumerary on Oct 21, 2016 11:56:16 GMT
We have a biggie in the pipeline and it already has a PBL number. Haven't seen a Go-Live email yet. PBL143 - *** House, R**** Road, London Warehouse and office building Loan Term: 365 days Loan Amount: £7,920,000 Loan to value: 63% Security Value: £12,500,000 Primary Security: First Legal Charge Purpose Of Loan: Purchase Exit Strategy: Refinance with development funding You beat me to it...  This will shake up the secondary market, when this loan goes live...  One of the BIGGEST yet and still 12% as well.
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ablender
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Post by ablender on Oct 21, 2016 12:00:10 GMT
One of the BIGGEST yet and still 12% as well. I'm surprised that it is not 13% 
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sam i am
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Post by sam i am on Oct 21, 2016 12:01:23 GMT
We have a biggie in the pipeline and it already has a PBL number. Haven't seen a Go-Live email yet. PBL143 - *** House, R**** Road, London Warehouse and office building Loan Term: 365 days Loan Amount: £7,920,000 Loan to value: 63% Security Value: £12,500,000 Primary Security: First Legal Charge Purpose Of Loan: Purchase Exit Strategy: Refinance with development funding You beat me to it... This will shake up the secondary market, when this loan goes live... One of the BIGGEST yet and still 12% as well. With a loan of this size it probably needs to be 12%. I suspect that the first loan we see with a lower interest rate will be small and with objectively good security (maybe residential) to get the ball rolling. SS know that this will still easily fill at 11% or maybe even 10%. Then as they get more experience with lower rate loans and lender's expectations have been managed lower, they will start to extend the lower rates to larger and less secure loans.
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ablender
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Post by ablender on Oct 21, 2016 12:12:02 GMT
The contract date is October 2015 with a value of £8.8m giving an LTV of 90%
Current valuation October 2016 has a value of £12.5m giving an LTV of 63%
My question is:
Is it realistic to have an increase in value of c£4m in the span of a year?
I understand that some level of planning permission has been achieved with the view of enhancing this further.
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dp
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Post by dp on Oct 21, 2016 12:36:05 GMT
Go live (PBL143) tomorrow
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adrianc
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Post by adrianc on Oct 21, 2016 12:44:36 GMT
Straight into the pipeline and go-live email - on an £8m loan?
Wow.
I appreciate there's a need to move fast on some loans, but I really hope the behind-the-scenes has all been done properly. That'd hurt if it went pear-shaped.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 21, 2016 12:45:52 GMT
Straight into the pipeline and go-live email - on an £8m loan? Wow. I appreciate there's a need to move fast on some loans, but I really hope the behind-the-scenes has all been done properly. That'd hurt if it went pear-shaped. I'm guessing everyone will get what they want with this one
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sam i am
Member of DD Central
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Post by sam i am on Oct 21, 2016 13:05:30 GMT
Straight into the pipeline and go-live email - on an £8m loan? Wow. I appreciate there's a need to move fast on some loans, but I really hope the behind-the-scenes has all been done properly. That'd hurt if it went pear-shaped. I'm guessing everyone will get what they want with this one In which case I'm not sure I want any. Self-fulfilling prophecy?
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Oct 21, 2016 14:16:46 GMT
The contract date is October 2015 with a value of £8.8m giving an LTV of 90% Current valuation October 2016 has a value of £12.5m giving an LTV of 63% My question is: Is it realistic to have an increase in value of c£4m in the span of a year? I understand that some level of planning permission has been achieved with the view of enhancing this further. Maybe they predicted breccrap and, as it says in the valuation, expected 20ish% drop in values of this type of property over the next 12months. Valuations with future developments that require planning permission that is not already granted are too much of a risk to me. Logically, if the property is being bought for £8.8m on 24.10 then that is the current value? Seems like accountancy 2+2=5.9675 allowing for bs and g.-.k !-( I wish I could get comfortable with this as a money park until the next opportunity presents itself.
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adrianc
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Post by adrianc on Oct 21, 2016 14:23:11 GMT
I'm guessing everyone will get what they want with this one In which case I'm not sure I want any. Self-fulfilling prophecy? IKWYM. It's a biggie, and no mistake. Biggest so far, bar DFL4. The four farmland tranches were smaller. Watford 3 was smaller. Add the two Watfords together, and they were bigger, but 3 didn't last long.
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