oldgrumpy
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Post by oldgrumpy on Dec 22, 2016 17:48:10 GMT
Maybe they realised they could've got away with 10% and will relist with "loan corrections" in January    "SHUT UP, GRUMPY!!!" What... and incite a revolution? The sh*t would definitely hit the fan! There's a bunch of pensioners for whom it already has - they're bound to find out about the purchase of these caravan parks, and (rightly or not) will connect profit making with their notices to go. We've yet to discover who knew what and when, so I'm steering clear.
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ablender
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Post by ablender on Dec 22, 2016 18:16:14 GMT
I'm pretty certain that over twice funded means that the total prefunded amount is more than twice the loan value. I don't think it's anything more complex than that.
Of course we don't know if each loan individually was over twice. My guess would be yes.
Maybe they realised they could've got away with 10% and will relist with "loan corrections" in January "SHUT UP, GRUMPY!!!" In that case I will remove my prefunding.
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lobster
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Post by lobster on Dec 23, 2016 9:36:42 GMT
So when "The Castle" (an 11% loan) went live yesterday , about 1.5m was dumped on the SM, and it was all taken up in about 4 hours. Compare and contrast this with the "diamond loan" (an 11.5% loan) over on AC. Approx 1m was on their SM about 6 weeks ago and this has slowly crept down to 650k at the moment. Now, I'm no DD expert, but this loan looks pretty solid to me, and it's also a useful diversification away from property. I'm pretty certain that if SS took up the diamond loan that the 1m would have lasted a couple of hours at the most. Funny old game  |
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seeingred
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Post by seeingred on Dec 23, 2016 10:06:27 GMT
Bridgecrowd is very slow too compared with SS. The Edgbaston loan is still there, and should be fully funded soon. BC gave me a £250 cashback on my first £5000 investment, I think the offer is still open. They have a £1m loan currently in pipeline that needs a few more hundred thousand.
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jonah
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Post by jonah on Dec 23, 2016 20:48:29 GMT
Bridgecrowd is very slow too compared with SS. The Edgbaston loan is still there, and should be fully funded soon. BC gave me a £250 cashback on my first £5000 investment, I think the offer is still open. They have a £1m loan currently in pipeline that needs a few more hundred thousand. Whilst an extra 5% tax free would be nice, unless it's improved a lot from the one offered here, I don't think I would want it if it meant investing in the edgbaston loan.
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seeingred
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Post by seeingred on Dec 23, 2016 21:38:08 GMT
Bridgecrowd is very slow too compared with SS. The Edgbaston loan is still there, and should be fully funded soon. BC gave me a £250 cashback on my first £5000 investment, I think the offer is still open. They have a £1m loan currently in pipeline that needs a few more hundred thousand. Whilst an extra 5% tax free would be nice, unless it's improved a lot from the one offered here, I don't think I would want it if it meant investing in the edgbaston loan. I took a punt on Lancashire - despite it looks like repaying in stages and quite early on. There is still 700k left to take up. Edgbaston is down to 93k remaining, this last bit seems to be taking a long time. BC seem to lack the investor base of SS - and they certainly lack its active forum. Maybe if they offer an interesting SM it might pick up, but if they only offer 5k chunks on the SM that won't appeal very much by way of diversification. No way could I or would I buy 80 loans at a minimum of 5k each in one platform.
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mikes1531
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Post by mikes1531 on Dec 29, 2016 5:00:25 GMT
It says "We are lending to the one SPV legal entity and all three parks will secure all three loans." Which i assume means it does not matter where we put our money? As I understand the implications, it doesn't matter until one property is refinanced independently of the others. Or two are sold or refinanced and the third isn't because it isn't worth enough to clear its loan. By the time we find that out, of course, the other two charges will have been released and the people in the third loan are left to suffer the losses -- because the cross-guarantees won't still exist by then!
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awk
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Post by awk on Jan 4, 2017 12:26:16 GMT
Two new loans in the pipeline - looks like they are both related to PBL097
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 4, 2017 12:39:53 GMT
Two new loans in the pipeline - looks like they are both related to PBL097 One looks like a refinance (becoming a 1st charge) of the existing loan The other is the addition of the Chalet which was never included in the original VR See Here
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lofty
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Post by lofty on Jan 4, 2017 13:34:25 GMT
"There is some press relating to our borrower which we are aware of" Well if that doesn't start me Googling then I don't know what will...  |
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Post by nanniema on Jan 5, 2017 19:57:02 GMT
Well if it all goes bottoms up he can always flog it.
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Jeepers
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Post by Jeepers on Jan 5, 2017 21:29:34 GMT
Well if it all goes bottoms up he can always flog it. No more puns. Wouldn't want to rub him up the wrong way.
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Post by steelspanner on Jan 5, 2017 21:32:34 GMT
That's a bit below the belt.
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Liz
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Post by Liz on Jan 5, 2017 22:10:13 GMT
Well if it all goes bottoms up he can always flog it. No more puns. Wouldn't want to rub him up the wrong way. 
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star dust
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Post by star dust on Jan 9, 2017 10:45:36 GMT
Two new loans in the pipeline - looks like they are both related to PBL097 Don't know if noted elsewhere, but they have aquired PBL numbers now: PBL 157 Value £6,250,000 Loan £3,190,509 12% LTV 51% PBL 158 Value £2,625,000 Loan £1,313,739 12% LTV 50%
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