adrianc
Member of DD Central
Posts: 10,019 
Likes: 5,147
|
Post by adrianc on May 5, 2015 9:13:01 GMT
Yet 12579 is just about there... <scratches head> 12579 is a much smaller loan starting a much smaller project. Autobidders should carry the first tranche. It's still a £260k tranche of £680k total... Autobodge certainly explains the otherwise unfathomably dire 12566, though...
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 5, 2015 9:23:07 GMT
I think they can manage £260k (but not £450k) on a first tranche given a bank holiday and pushing the Autobid lever fully over to the primary market stop. The quality of the project is probably irrelevant.
|
|
mv
Member of DD Central
Posts: 156
Likes: 45
|
Post by mv on May 5, 2015 11:32:48 GMT
12530 is back with 2% CB as predicted
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 5, 2015 11:53:43 GMT
At 20 months term and with no certainty any longer of being able to move parts on at par, even slowly, I'm passing despite the added 2%CB. At some stage Fermenting Crisis may have to accept that there's no longer insatiable demand for the large property loans at 8% (just 7% net of fees, before any potential Bad Debt) even slapping 2%CB on top. On larger multi-tranche loans where Auto-stupid lenders won't fill them, a boost to the offered rate to at least 8.5% is needed.
|
|
|
|
Post by GSV3MIaC on May 5, 2015 11:57:24 GMT
Still not totally exciting, given the 20 months and the difficulty of flipping it on the SM at the moment (flipping anything on the SM at par seems problematical, and property parts are needing a largish discount to shift in most cases). 12660 looks like maybe a better bet, at only 12 months.
Ooops, Stevet got between me and the post I was replying to, saying much the same thing ..
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 5, 2015 12:02:31 GMT
The immediate follow-on arrival of 12660 (like buses) makes it currently £860k of A+ 8%+2%CB property loans looking for funding at the same time. Good luck!
|
|
|
|
Post by GSV3MIaC on May 5, 2015 16:18:57 GMT
I make it well over a million squids .. 647, 658 and now 660. Then if you are a brain-dead autobot, you can have some of 663 too!!
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 5, 2015 16:48:33 GMT
I think that FC will have to take a chunk of 12647 onto their balance sheet. I do not think it will get much further until 12660 is filled.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 5, 2015 16:51:46 GMT
647 was already 2/3rds filled so I was only including the remaining £150k seeking funds
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 5, 2015 17:05:50 GMT
It depends if you count the existing bids of course, but the point is that they are looking currently for £1m bids for loans which are planned to attract the 2% underwriters. Maybe they at the Fairy Castle are trying to see what can be done at 2%. Not much if they kill the sales through Autobid - that reduced the average discount needed.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 5, 2015 17:06:48 GMT
Strewth, there's another £450k just popped up in Pinner. What's going on today at Feverish Cashbacks?
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 5, 2015 17:11:06 GMT
Wow! That one, 12674, is supposed to replace an earlier loan, but there is no link to it on the Financial page.
|
|
coop
Member of DD Central
Posts: 714
Likes: 571
|
Post by coop on May 5, 2015 17:20:23 GMT
Absolute glut of 2% CB loans now.
If I saw this in the crystal ball I wouldn't have spunked the lot on Friday's relatively poor offering. I may have to make a deposit(!)
Moving the parts on quick enough is becoming a bit of an issue though.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 5, 2015 17:23:58 GMT
Wow! That one, 12674, is supposed to replace an earlier loan, but there is no link to it on the Financial page. Link to loan 10772 seems to have been added. 85% LTV looks a little steep for just 8%, even with the boosted 2%CB. I think I'll be jumping on the Southampton-bound bus first.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 5, 2015 17:41:42 GMT
Wow! That one, 12674, is supposed to replace an earlier loan, but there is no link to it on the Financial page. Link to loan 10772 seems to have been added. 85% LTV looks a little steep for just 8%, even with the boosted 2%CB. I think I'll be jumping on the Southampton-bound bus first. I agree - and it should draw down much sooner.
|
|
