blender
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Post by blender on May 26, 2015 10:31:33 GMT
I hope not Limbo because there is no way out from that. Perhaps Purgatory, and we should pray for our loan parts in the Funding Chantry.
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Post by bonfemme on May 26, 2015 10:40:17 GMT
It says pre-agreement in my watch list.
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Post by goldservice on May 26, 2015 12:12:44 GMT
What's unique about 13021? Size > £600k? Is this testing the limits of Furiously Crunching software?
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Steerpike
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Post by Steerpike on May 26, 2015 12:52:09 GMT
Swallow the lovely CB
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SteveT
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Post by SteveT on May 26, 2015 13:03:06 GMT
Not sure 24 months counts as "lovely". 13076 is the second tranche of 12707, which FC were forced to shove over the line a couple of weeks ago. The deal is the same (8%+2%CB) so the question has to be "will it fill"? The second half of the large 12% A-rated property loan in Croydon is also now listed, despite the first half not yet having drawn down!
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min
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Post by min on May 26, 2015 14:22:53 GMT
Anyone know the status of 13021 (recent property loan 12%)? It seems to have vanished from "loan requests"; it's vanished from "my bids" but not appeared in "my loan parts". It can't have been cancelled because no money has been returned. Limbo somewhere?
And in my case my Farting Courgettes total has gone down by £20 - presumably the same £20 which disappeared from my bids but has not yet appeared in lent. On the other hand my net earnings have not gone down. However they have been 80p out for months now. Edit: Flaming Caravans are aware. From the help centre: 'We are aware that a handful of loans accepted on Tuesday (26/05) have been affected by a technical issue. This has caused successful bids not to automatically become loan parts and may cause a temporary discrepancy on affected investor's accounts. If you have been affected you will notice that your account total is down by the value of the bid you had placed. We are working to resolve this as soon as possible and apologise for any inconvenience caused.'
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blender
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Post by blender on May 26, 2015 15:01:40 GMT
Just another normal day for Fancy Circumcisions.
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min
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Post by min on May 26, 2015 15:36:50 GMT
Not sure 24 months counts as "lovely". 13076 is the second tranche of 12707, which FC were forced to shove over the line a couple of weeks ago. The deal is the same (8%+2%CB) so the question has to be "will it fill"? The second half of the large 12% A-rated property loan in Croydon is also now listed, despite the first half not yet having drawn down! And they are due to finish 4 minutes apart. Total over a million. If they don't fill then ...... could be interesting last few minutes for work experience bod pumping Fabricated Claptrap's own money in.
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Post by GSV3MIaC on May 26, 2015 15:58:32 GMT
Not sure 24 months counts as "lovely". 13076 is the second tranche of 12707, which FC were forced to shove over the line a couple of weeks ago. The deal is the same (8%+2%CB) so the question has to be "will it fill"? The second half of the large 12% A-rated property loan in Croydon is also now listed, despite the first half not yet having drawn down! IIRC this property loan was to buy, rather than develop, in which case there no point in the borrower having half of it .. they need it all (and FC need the first charge paperwork for the whole thing). I guess it might sit around until the 11th hour ..
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fasty
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Post by fasty on May 27, 2015 17:46:05 GMT
Not sure 24 months counts as "lovely". 13076 is the second tranche of 12707, which FC were forced to shove over the line a couple of weeks ago. The deal is the same (8%+2%CB) so the question has to be "will it fill"? The second half of the large 12% A-rated property loan in Croydon is also now listed, despite the first half not yet having drawn down! And they are due to finish 4 minutes apart. Total over a million. If they don't fill then ...... could be interesting last few minutes for work experience bod pumping Fabricated Claptrap's own money in. Well the second tranche of 13077, the plump A-rated 12 % property, got off to a good start but seems to have slowed rather now. Presumably, by now absolutely everyone who could be up for it has got some pieces. And their granny. It's going to be interesting.
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Post by GSV3MIaC on May 27, 2015 18:17:36 GMT
It'll probably go faster towards the end, when people reluctant to tie up their money early jump in. But yeah, at only 7 days, it may struggle to get across the line. FC are doing their bit by not listing much else at the moment (compared to last week) .. or maybe that's just the bank holiday feeding through? At least tranche 1 did draw down (somewhat to my surprise, although I guess it is still sat of Finally Capitalised towers, so far). I wonder if any has sold on the SM yet?
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sl75
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Post by sl75 on May 27, 2015 18:39:08 GMT
As things stand right now, I'd expect the second tranche to fill more easily than the first. There's less competition for funds from other loans on the PM, and also there'll be a chunk of "start of month" money to flow into the system just before that auction ends, as well as the "weekend effect" before that, which often seems to result in auctions filling and/or rates dropping.
A lot will of course depend on whether FC effectively sabotage it by putting lots more large loans onto the marketplace which would tend to reduce the number of bids on the better-funded auctions.
However, even if FC do end up jumping to the rescue, they'll have a lot easier time selling these loan parts on at par than the ones where, like many other bidders, they'll be effectively trying to pocket a chunk of cashback.
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blender
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Post by blender on May 28, 2015 8:17:55 GMT
It is good to see how well the second tranche 13077 is going. Personally I would like to see it fill and Fried Chicken to be encouraged to seek more similar, in preference to the unhealthy long term propping up of 8% projects. Some lenders may be waiting to see if anything better is listed with cash back by Friday evening - because we are greedy b*st*rds - but failing that it should be done by Monday morning, imo.
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fasty
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Post by fasty on May 28, 2015 10:20:03 GMT
It is good to see how well the second tranche 13077 is going. Personally I would like to see it fill and Fried Chicken to be encouraged to seek more similar, in preference to the unhealthy long term propping up of 8% projects. Some lenders may be waiting to see if anything better is listed with cash back by Friday evening - because we are greedy b*st*rds - but failing that it should be done by Monday morning, imo. I agree. Cashback appears very tempting but I have learned that the probability of selling any of the affected loan parts at par is now small, so I'm only buying into very short-term ones, if at all. I was surprised to see someone selling loan parts of the first tranche of the recent 12% property loan (13021) at par. Perhaps they forgot that there was no cashback...
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am
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Post by am on May 28, 2015 18:33:27 GMT
B*******y has just repaid, and if all tranches repaid today that's £2m looking for a new home.
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