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Post by westcountryfunder on Nov 25, 2015 17:02:52 GMT
Today would be nice  Well I suppose it would be nice, but surely I can't be the only lender to have noticed that the valuation is 12 months old, and it says £8m not the £9.5m stated by SS. Perhaps I have missed something. I asked a question about this on the loan tab a few days ago now, but no response. How does SS respond? By email or on the website?
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t
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Post by t on Nov 25, 2015 17:44:49 GMT
I noticed that to but I would think value would be more not less but I'm no exspert  |
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ablender
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Post by ablender on Nov 25, 2015 18:49:10 GMT
Today would be nice Well I suppose it would be nice, but surely I can't be the only lender to have noticed that the valuation is 12 months old, and it says £8m not the £9.5m stated by SS. Perhaps I have missed something. I asked a question about this on the loan tab a few days ago now, but no response. How does SS respond? By email or on the website? It will result in about 65% LTV from what I understand. Edit: Re question - I cannot see your question. I was expecting the Q&A to be available for everyone to see.
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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 Nov 25, 2015 19:10:08 GMT
Posted a Q on Hull over a week ago, no reply and even I cant see it on site.
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Post by pepperpot on Nov 25, 2015 19:16:22 GMT
Today would be nice Well I suppose it would be nice, but surely I can't be the only lender to have noticed that the valuation is 12 months old, and it says £8m not the £9.5m stated by SS. Perhaps I have missed something. I asked a question about this on the loan tab a few days ago now, but no response. How does SS respond? By email or on the website? If it hasn't changed since the beta site Q+A test, the response will appear on the website, along with the question, which is hidden until responded to. I don't remember getting the response in email form as well, if I did I've deleted it now.
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Post by westcountryfunder on Nov 25, 2015 19:39:02 GMT
Well I suppose it would be nice, but surely I can't be the only lender to have noticed that the valuation is 12 months old, and it says £8m not the £9.5m stated by SS. Perhaps I have missed something. I asked a question about this on the loan tab a few days ago now, but no response. How does SS respond? By email or on the website? It will result in about 65% LTV from what I understand. Edit: Re question - I cannot see your question. I was expecting the Q&A to be available for everyone to see. No, I can't see my question either (let alone a reply). Perhaps SS doesn't think it matters. based on recent experience the loan will be dramatically oversubscribed and if anyone doesn't like it they can sell afterwards. This is a big one though; it might not work out quite the same this time.
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mikes1531
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Post by mikes1531 on Nov 26, 2015 1:19:06 GMT
It will result in about 65% LTV from what I understand. Edit: Re question - I cannot see your question. I was expecting the Q&A to be available for everyone to see. ... based on recent experience the loan will be dramatically oversubscribed and if anyone doesn't like it they can sell afterwards. This is a big one though; it might not work out quite the same this time. I wouldn't expect a £5+M loan to be oversubscribed, so people need to be careful with their pre-bids and not ask for more than they really want. While the built-in priority for sales by retail lenders means it's usually possible to sell parts even when there's a lot of a loan still available from SS/underwriters, if everyone gets what they want via their pre-bids there won't be a lot of unsatisfied demand to sell into. In the past, SS haven't released all of a large loan at once. In the current situation, I'd expect them to start by releasing enough to satisfy all pre-bids in full plus a bit more for others to buy, and then release further parts as the amount available approaches zero.
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Post by Deleted on Nov 26, 2015 8:17:20 GMT
as Mrs Bobo said to me "is there anything in Hull worth £8M?"
DYOR
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paulg
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Post by paulg on Nov 26, 2015 17:16:12 GMT
A valuation doc for the farm went up a couple of hours ago, plus another new pipeline loan.
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paulg
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Post by paulg on Nov 27, 2015 14:01:45 GMT
savingstream , you have a typo in the Newmarket Farm loan particulars - "ASSET VALUE £1,185,000", should be £1,850,000.
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Post by chielamangus on Nov 27, 2015 14:18:53 GMT
I asked a question about this on the loan tab a few days ago now, but no response. How does SS respond? By email or on the website? Edit: Re question - I cannot see your question. I was expecting the Q&A to be available for everyone to see. I asked SS about the Q&A and they replied "If we determine that the question is useful and would benefit other investors, then we will publish it to the q&a section." So it's all at SS's discretion ..... Have just asked a question about the "farm" so it will be interesting to see if it actually appears publicly.
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mikes1531
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Post by mikes1531 on Nov 27, 2015 16:05:14 GMT
Edit: Re question - I cannot see your question. I was expecting the Q&A to be available for everyone to see. I asked SS about the Q&A and they replied "If we determine that the question is useful and would benefit other investors, then we will publish it to the q&a section." So it's all at SS's discretion ..... Have just asked a question about the "farm" so it will be interesting to see if it actually appears publicly. I've also had a reply. Yesterday at 1920, I asked a question about PBL036... Today at 1258, I received an email in reply... That's the good news. The bad news is that there's still no sign of my question or savingstream 's response in the PBL036 Q&A. Do SS honestly not think this Q&A "is useful and would benefit other investors"? If so, I have difficulty imagining what they would consider to be worth letting others see.
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ablender
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Post by ablender on Nov 27, 2015 20:35:04 GMT
Perhaps what they mean is that if they receive the same question from multiple lenders then they will post it. So if you have a question post it here and ask others to post to SS too.
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agent69
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Post by agent69 on Nov 27, 2015 21:25:54 GMT
as Mrs Bobo said to me "is there anything in Hull worth £8M?" DYOR The road heading south?
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sqh
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Post by sqh on Nov 27, 2015 22:06:09 GMT
as Mrs Bobo said to me "is there anything in Hull worth £8M?" DYOR Aye lad, every time an oil tanker leaves the Persian Gulf.
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