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Post by Ton ⓉⓞⓃ on Apr 14, 2015 12:47:48 GMT
An Hotel in Upcoming loans
#167 280k, 10%, 3yrs, 39%ltv
Interest only monthly
Mid-May Drawdown
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star dust
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Post by star dust on Apr 14, 2015 18:02:45 GMT
An Hotel in Upcoming loans #167 280k, 10%, 3yrs, 39%ltv Interest only monthly Mid-May Drawdown Unless I've got the wrong end of a stick looks like there's going to be another loan of £650k to the sister company/hotel coming up soon too. It seems to be part of the same package, with cross-charges between the two loans.
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sqh
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Post by sqh on Apr 14, 2015 18:19:32 GMT
An Hotel in Upcoming loans #167 280k, 10%, 3yrs, 39%ltv Interest only monthly Mid-May Drawdown Unless I've got the wrong end of a stick looks like there's going to be another loan of £650k to the sister company/hotel coming up soon too. It seems to be part of the same package, with cross-charges between the two loans. Yes there is. You can view it by selecting loan#167 and then edit your browser header from DMH to CQH.
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star dust
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Post by star dust on Apr 14, 2015 18:35:22 GMT
Unless I've got the wrong end of a stick looks like there's going to be another loan of £650k to the sister company/hotel coming up soon too. It seems to be part of the same package, with cross-charges between the two loans. Yes there is. You can view it by selecting loan#167 and then edit your browser header from DMH to CQH. Err haven't found a way to do that on an iPad. Is it just one loan then, or does it produce another number? Terms? Will look at it again next time I'm on the laptop! Odd way for AC to list them.
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mikes1531
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Post by mikes1531 on Apr 14, 2015 21:53:56 GMT
Yes there is. You can view it by selecting loan#167 and then edit your browser header from DMH to CQH. Err haven't found a way to do that on an iPad. Is it just one loan then, or does it produce another number? Terms? Will look at it again next time I'm on the laptop! Odd way for AC to list them. Can you not see the URL of the web page you're viewing in the iPad browser? It's Loan #168. I haven't tried to look at the CR, but from what I have seen, the terms look the same. I suspect we've just been given some info that AC officially haven't released to us yet, and the CQH loan is still in the 'funding by underwriters' stage. I'd expect this loan to appear on the Upcoming Loans list once that's complete.
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star dust
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Post by star dust on Apr 15, 2015 10:36:05 GMT
Can you not see the URL of the web page you're viewing in the iPad browser? Not in IOS7 on Safari I can't. It's Loan #168. I haven't tried to look at the CR, but from what I have seen, the terms look the same. I suspect we've just been given some info that AC officially haven't released to us yet, and the CQH loan is still in the 'funding by underwriters' stage. I'd expect this loan to appear on the Upcoming Loans list once that's complete. Now in Firefox on Windows and I'm getting a page not found error. Seems AC may have removed it. Was the interest rate and term the same?
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Post by Deleted on Apr 15, 2015 12:30:45 GMT
I see 6.5% on #169, need cash by 20 April; is this a joke? More like Ratesetter....  I get more confused by AC everytime, they want to expand their throughput, they do all these deals, and then this comes up. Still nothing on factoring I see while the black section across the bottom stays blank. |
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bg
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Post by bg on Apr 15, 2015 12:46:20 GMT
I see 6.5% on #169, need cash by 20 April; is this a joke? More like Ratesetter.... I get more confused by AC everytime, they want to exand their throughput, they do all these deals, and then this comes up. Still nothing on factoring I see while the black section across the bottom stays blank. Whats wrong with this loan? FC get loans similar to this (but bigger) away on virtually a daily basis.
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mikes1531
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Post by mikes1531 on Apr 15, 2015 12:53:33 GMT
It's Loan #168. I haven't tried to look at the CR, but from what I have seen, the terms look the same. I suspect we've just been given some info that AC officially haven't released to us yet, and the CQH loan is still in the 'funding by underwriters' stage. I'd expect this loan to appear on the Upcoming Loans list once that's complete. Now in Firefox on Windows and I'm getting a page not found error. Seems AC may have removed it. Was the interest rate and term the same? Same here. AC probably changed the URL to keep it out of our view. IIRC, yes. 10% and 36 months.
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mikes1531
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Post by mikes1531 on Apr 15, 2015 12:57:48 GMT
I see 6.5% on #169, need cash by 20 April; is this a joke? More like Ratesetter.... I get more confused by AC everytime, they want to exand their throughput, they do all these deals, and then this comes up. Still nothing on factoring I see while the black section across the bottom stays blank. Whats wrong with this loan? FC get loans similar to this (but bigger) away on virtually a daily basis. Are the FC loans at 75% LTV? AC did some 6.5% BtL loans in its early days (#6, #11, and #25 are still outstanding), but they were at a much more secure 50% LTV, and IIRC they offered significant -- 3.5% -- cashback. I've set my target for this one -- at nil!
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oldgrumpy
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Post by oldgrumpy on Apr 15, 2015 13:13:18 GMT
Whats wrong with this loan? FC get loans similar to this (but bigger) away on virtually a daily basis. Are the FC loans at 75% LTV? AC did some 6.5% BtL loans in its early days (#6, #11, and #25 are still outstanding), but they were at a much more secure 50% LTV, and IIRC they offered significant -- 3.5% -- cashback. I've set my target for this one -- at nil! One would think a borrower wanting cash this quickly would be offering a much better rate than 6.5%, and a good cashback incentive. However, we minions can longer bid, so we can't be offered a cashback. I wonder if the cash back is being provided for the underwriters for fast action.
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mikes1531
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Post by mikes1531 on Apr 15, 2015 13:18:01 GMT
Are the FC loans at 75% LTV? AC did some 6.5% BtL loans in its early days (#6, #11, and #25 are still outstanding), but they were at a much more secure 50% LTV, and IIRC they offered significant -- 3.5% -- cashback. I've set my target for this one -- at nil! One would think a borrower wanting cash this quickly would be offering a much better rate than 6.5%, and a good cashback incentive. However, we minions can longer bid, so we can't be offered a cashback. I wonder if the cash back is being provided for the underwriters for fast action. Possibly. And also to compensate them for the time it will take to offload their parts? I must admit that I have been surprised by those few occasions when one of the old 6.5% loans appears on the Aftermarket. The parts aren't snapped up instantly, but they do go eventually.
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jonno
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Post by jonno on Apr 15, 2015 13:22:46 GMT
Are the FC loans at 75% LTV? AC did some 6.5% BtL loans in its early days (#6, #11, and #25 are still outstanding), but they were at a much more secure 50% LTV, and IIRC they offered significant -- 3.5% -- cashback. I've set my target for this one -- at nil! One would think a borrower wanting cash this quickly would be offering a much better rate than 6.5%, and a good cashback incentive. However, we minions can longer bid, so we can't be offered a cashback. I wonder if the cash back is being provided for the underwriters for fast action. I'd bet anything it is, and we're just left with the dregs. I can't believe AC are offering such  on the very day another of their loans has hit the buffers. This really does not bode well,and as soon as members on this forum start to benchmark AC loans against Flatulent Constipations in such a way as an earlier post then its high time we all threw the towel in and went home. Unless it was meant as some kind of sick joke, in which case ----very humorous.
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Post by Deleted on Apr 15, 2015 15:59:26 GMT
AC and 6.5%, thoughts
I think since the cost of capital is now so low, we are being pushed not only into P2P but into the more specialist parts of P2P to earn our roughly net 10%. FC is certainly down in the 8% before management charges and defaults which is why I no longer generally invest there. Ratesetter keeps reaching 6.?%, every few weeks this will equate to 6.5% but this is only really what you get for low grade corp bonds, but with higher risk. I'M amazed how quickly the market is being driven down to silly prices but I guess it reflects the true cost of capital and the demand for any interest income.
6.5% has nothing in it for default risk which has to swallow up the 0.5%
Keep an eye out for the odd 12% at FC as we had last week, but 6.5%, I don't think so.
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Post by chris on Apr 15, 2015 17:35:19 GMT
AC and 6.5%, thoughts I think since the cost of capital is now so low, we are being pushed not only into P2P but into the more specialist parts of P2P to earn our roughly net 10%. FC is certainly down in the 8% before management charges and defaults which is why I no longer generally invest there. Ratesetter keeps reaching 6.?%, every few weeks this will equate to 6.5% but this is only really what you get for low grade corp bonds, but with higher risk. I'M amazed how quickly the market is being driven down to silly prices but I guess it reflects the true cost of capital and the demand for any interest income. 6.5% has nothing in it for default risk which has to swallow up the 0.5% Keep an eye out for the odd 12% at FC as we had last week, but 6.5%, I don't think so. What do you think the market rate for a BTL loan is? This isn't a bridging or SME loan.
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on the very day another of their loans has hit the buffers. This really does not bode well,and as soon as members on this forum start to benchmark AC loans against Flatulent Constipations in such a way as an earlier post then its high time we all threw the towel in and went home.
