spockie
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Post by spockie on Mar 10, 2014 17:33:47 GMT
Some L***s CP on.
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j
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Post by j on Mar 11, 2014 21:45:55 GMT
Awfully quiet overall on the board & platform in general over last few days!  Can we have some new loans please to put back some life on these pages? |
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bugs4me
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Post by bugs4me on Mar 11, 2014 21:49:51 GMT
Barring the two biggies, the AM has been relatively quiet over the last week, if not longer. I wonder if people are holding on to their money in anticipation of what might come through the pipeline once the current 2 live loans finish in 4 days' times. It could also be we all had our fill of 'Ackney & Ipswich units. The two biggies did require a fair chunk of underwriting to get them to fly so wouldn't expect them to be removed any day soon. They could be sitting there for a while being gently nibbled at
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j
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Post by j on Mar 11, 2014 21:58:25 GMT
Barring the two biggies, the AM has been relatively quiet over the last week, if not longer. I wonder if people are holding on to their money in anticipation of what might come through the pipeline once the current 2 live loans finish in 4 days' times. It could also be we all had our fill of 'Ackney & Ipswich units. The two biggies did require a fair chunk of underwriting to get them to fly so wouldn't expect them to be removed any day soon. They could be sitting there for a while being gently nibbled at I think these two will have units available on AM in six months' time when they eventually repay in full. Many have been picked up with much more still available.I've bought some & doubt I'll even be able to sell them back if I need to free some capital before the 6 months are up! andrewholgate has promised some loans going on AC over next few days so, we'll wait. Anything to break the recent monotony of the 'Lend' page on AC
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bugs4me
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Post by bugs4me on Mar 11, 2014 22:00:54 GMT
The two biggies did require a fair chunk of underwriting to get them to fly so wouldn't expect them to be removed any day soon. They could be sitting there for a while being gently nibbled at I think these two will have units available on AM in six months' time when they eventually repay in full. Many have been picked up with much more still available.I've bought some & doubt I'll even be able to sell them back if I need to free some capital before the 6 months are up! andrewholgate has promised some loans going on AC over next few days so, we'll wait. Anything to break the recent monotony of the 'Lend' page on AC They'll probably be joined by E****g soon.
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spockie
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Post by spockie on Mar 11, 2014 22:05:53 GMT
They are saying 2-3 weeks for E****g, so not as soon as was perhaps expected...
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j
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Penguins are very misunderstood!
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Post by j on Mar 11, 2014 22:06:22 GMT
I think these two will have units available on AM in six months' time when they eventually repay in full. Many have been picked up with much more still available.I've bought some & doubt I'll even be able to sell them back if I need to free some capital before the 6 months are up! andrewholgate has promised some loans going on AC over next few days so, we'll wait. Anything to break the recent monotony of the 'Lend' page on AC They'll probably be joined by E****g soon. Hmmmm........might give that a wide-ish berth when it comes on AM until I see what new loans materialise. I'm into the Ipswich one with some units & the two are somewhat interlinked anyway, so one or the other will suffice, worst case scenario.
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j
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Penguins are very misunderstood!
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Post by j on Mar 11, 2014 22:07:43 GMT
They are saying 2-3 weeks for E****g, so not as soon as was perhaps expected... I must have missed that update. 2-3 weeks is a little off the mark of what was expected. I wonder if some legal issues need sorting first?!
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j
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Penguins are very misunderstood!
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Post by j on Mar 11, 2014 22:08:30 GMT
They are saying 2-3 weeks for E****g, so not as soon as was perhaps expected... I must have missed that update. 2-3 weeks is a little off the mark of what was expected. I wonder if some legal issues need sorting first?! PS Thanks for the update spockie 
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oldgrumpy
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Post by oldgrumpy on Mar 11, 2014 23:36:31 GMT
Not impressed that the initial "Very quick drawdown expected due to the expiry of prior bridging loan" was replaced ten days after the auction ended with "Legal due diligence is progressing and drawdown is expected within the next 2-3 weeks." Not ideal on a six month loan!!! Expected better from AC. It's not the second statement I object to (the auction only ended 12 days ago) - it's the first! I wouldn't have paid up so early had I known.  |
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mikes1531
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Post by mikes1531 on Mar 12, 2014 23:32:26 GMT
I wouldn't have paid up so early had I known. I see no point at all to investing as an 'original' lender in any loan that has substantial underwriting, since it is so likely that those loan parts will become available in the Aftermarket just as soon as the loan is drawn down. The only things that might persuade me to invest early would be either a cashback offer for initial investors, or a definite schedule of fees payable by the borrower if the loan isn't drawn down very quickly after the auction closes. I realise that AC are working on the latter, but I'm not convinced it ever could be substantial enough to convince me that it would be better to invest in a heavily underwritten loan at the beginning than to wait until the underwritten loan parts appear in the Aftermarket. So I suspect that cashback might be the only effective solution for very large loans.
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Post by Ton ⓉⓞⓃ on Mar 12, 2014 23:39:58 GMT
I wouldn't have paid up so early had I known. I see no point at all to investing as an 'original' lender in any loan that has substantial underwriting, since it is so likely that those loan parts will become available in the Aftermarket just as soon as the loan is drawn down. The only things that might persuade me to invest early would be either a cashback offer for initial investors, or a definite schedule of fees payable by the borrower if the loan isn't drawn down very quickly after the auction closes. I realise that AC are working on the latter, but I'm not convinced it ever could be substantial enough to convince me that it would be better to invest in a heavily underwritten loan at the beginning than to wait until the underwritten loan parts appear in the Aftermarket. So I suspect that cashback might be the only effective solution for very large loans. Maybe it's just me but I can see people being very greedy with the Aber... one that's 14% and several years potentially. I.e. it might appear on the AM and you might even see it but picking it up might be harder.
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mikes1531
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Post by mikes1531 on Mar 13, 2014 1:42:37 GMT
I see no point at all to investing as an 'original' lender in any loan that has substantial underwriting, since it is so likely that those loan parts will become available in the Aftermarket just as soon as the loan is drawn down. The only things that might persuade me to invest early would be either a cashback offer for initial investors, or a definite schedule of fees payable by the borrower if the loan isn't drawn down very quickly after the auction closes. I realise that AC are working on the latter, but I'm not convinced it ever could be substantial enough to convince me that it would be better to invest in a heavily underwritten loan at the beginning than to wait until the underwritten loan parts appear in the Aftermarket. So I suspect that cashback might be the only effective solution for very large loans. Maybe it's just me but I can see people being very greedy with the Aber... one that's 14% and several years potentially. I.e. it might appear on the AM and you might even see it but picking it up might be harder. If people would be so keen to pick up parts in the Aftermarket, why aren't they flocking to get in on the deal now? Is it purely being nervous because of the extended drawdown times some loans have suffered recently -- or still are suffering? I suppose that, by comparison to the loans on offer in the Aftermarket now, when Aber*** becomes available there will be a lot fewer loan parts to sell, so they might be snapped up pretty quickly indeed.
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j
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Post by j on Mar 13, 2014 11:48:22 GMT
A few E-tric units on AM
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j
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Penguins are very misunderstood!
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Post by j on Mar 13, 2014 12:10:49 GMT
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