Ace
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Post by Ace on Jun 3, 2022 11:33:29 GMT
Now fully funded.
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Ace
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Post by Ace on Nov 14, 2022 22:56:00 GMT
I notice that there's a new loan on Crowdstacker (W******d, as yet unannounced) that provides mezzanine finance for a CrowdProperty loan. This begs the question as to why CPCapital is not tasked with providing these funds. After all, that's the whole purpose of CPC, and it's hardly been overrun with opportunities. Two possible reasons spring to mind: 1) it could be a question of price/rate; 2) it could reflect the amount of confidence that CP has in the project. I hope it's the former. Any other ideas?
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Ace
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Post by Ace on Aug 21, 2023 22:08:32 GMT
I just realised that my first CPCapital loan repaid today W***y O*k F**m. The only notification was a repayment message on CP with the words 2nd Charge in the title.
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Ace
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Post by Ace on Aug 24, 2023 22:39:35 GMT
The CrowdProperty version of of another CPC loan (D*****s M****w) repaid in full today, 4 months early. So, I would expect the CPC version to repay soon.
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Ace
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Post by Ace on Aug 25, 2023 10:24:37 GMT
The CrowdProperty version of of another CPC loan (D*****s M****w) repaid in full today, 4 months early. So, I would expect the CPC version to repay soon. Now repaid on CPCapital as well.
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Post by scrumper on Aug 27, 2023 13:44:55 GMT
I just realised that my first CPCapital loan repaid today W***y O*k F**m. The only notification was a repayment message on CP with the words 2nd Charge in the title. Have your realised and contracted returns on your CP dashboard increased following the repayments? Mine are now showing over 11%. I'm not sure when it changed or if it's due to changes they may have made with their figures again.
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Ace
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Post by Ace on Aug 27, 2023 14:59:42 GMT
I just realised that my first CPCapital loan repaid today W***y O*k F**m. The only notification was a repayment message on CP with the words 2nd Charge in the title. Have your realised and contracted returns on your CP dashboard increased following the repayments? Mine are now showing over 11%. I'm not sure when it changed or if it's due to changes they may have made with their figures again. My CP dashboard figures have risen considerably since 1/8/23 when I last recorded them. | Statistic | 1/8/23 | 27/8/23 | | Realised Average Return | 8.20% | 8.81% | | Contracted Average Return | 7.88% | 8.50% | | Current Contracted Rate | 7.92% | 7.94% |
It's bad form from CP not to make it clear exactly what the statistics represent. I certainly wouldn't have expected CPC loans to be included in my CP stats, at least not without that being made blatently clear. I've written to them twice before about how to make their stats more useful, but they're totally uninterested in engaging in any meaningful way. I just get the usual fob-off replies to any difficult questions, or promises to investigate and get back to me (which they often fail to do), or no reply at all. I really like CP as an investment. I've just had to accept that their lender engagement (and some other aspects) is extremely poor.
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Post by scrumper on Aug 28, 2023 9:39:16 GMT
I wasn't in W***y O*k F**m but was in D*****s M****w which has repaid. I have one investment remaining in W******l R**d.
I didn't expect CPC loans to affect CP dashboard figures either but I couldn't think of another reason.
With your figures looking more typical of what mine usually are who knows where their stats come from.
Current CP dashboard: Realised 11.67% Contracted 11.48% Current 7.76%
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Ace
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Post by Ace on Aug 29, 2023 8:12:48 GMT
I wasn't in W***y O*k F**m but was in D*****s M****w which has repaid. I have one investment remaining in W******l R**d. I didn't expect CPC loans to affect CP dashboard figures either but I couldn't think of another reason. With your figures looking more typical of what mine usually are who knows where their stats come from. Current CP dashboard: Realised 11.67% Contracted 11.48% Current 7.76% I assume that the reason that the CPC completions have had a lower impact on my stats compared to your's will be due to our relative investments in those loans verses our investments in other CP loans. And could be impacted by length or time invested in CP. My capital in the two completed CPC loans was roughly 7.5% of my combined CP and CPC total. With my Realised Average Return and Contracted Average Return both increasing substantially, and bearing in mind that these stats apply to completed projects only, I'm sure that both have CPC completion stats included.
My Current Contract Rate rose slightly, due to the addition of some new higher rate CP loans. Given that that stat only includes live loans (non-completed loans); it would have dropped significantly if the, now completed, CPC loans had been included. So, I'm sure that this stat does not include CPC loans.
I don't know if the CP stats page includes CPC loans.
Together with the problems already known with the stats, CP clearly need a complete overhaul of the logic and presentation. It won't happen. The vast majority of people will have no idea what the stats represent.
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p2pfan
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Post by p2pfan on Aug 29, 2023 16:24:04 GMT
I agree with you that these figures are difficult to decipher. Typical CP.
What is the difference between the 'Contracted Average Return' and the 'Current Contract Rate'? The 'i' in a circle next to both describes them to be the same calculation of one's current live investments (I've read those descriptions about seven times, to see if there is a difference in calculation), but your and my figures for them are different.
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Ace
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Post by Ace on Aug 29, 2023 17:51:03 GMT
I agree with you that these figures are difficult to decipher. Typical CP. What is the difference between the 'Contracted Average Return' and the 'Current Contract Rate'? The 'i' in a circle next to both describes them to be the same calculation of one's current live investments (I've read those descriptions about seven times, to see if there is a difference in calculation), but your and my figures for them are different. Contracted Average Return is the average rate that we were contacted to receive on loans that have already concluded. Current Contract Rate is the average rate we are contacted to receive on our live loans. Realised Average Return is the average rate that we have received on loans that have already concluded. (This would allow for realised losses and penalty interest). The fact that someone as experienced as yourself finds the stats difficult to decipher is proof that they are poorly thought out and badly explained. I did write to them to explain how they could be improved, but...
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