acky
Posts: 481 
Likes: 262
|
Post by acky on Nov 3, 2015 15:22:58 GMT
Liverpool 5 (PBD8) is selling well with 2%CB, but I don't think it will flip well judging by the paltry sales I've achieved on earlier tranches at par - too big a development so most autobiddies already in there and loads of parts on the market already. But I suppose "two-per-centers" are a rare breed at the moment.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 3, 2015 15:39:58 GMT
Liverpool 5 (PBD8) is selling well with 2%CB, but I don't think it will flip well judging by the paltry sales I've achieved on earlier tranches at par - too big a development so most autobiddies already in there and loads of parts on the market already. But I suppose "two-per-centers" are a rare breed at the moment. Oddly, I've already sold 44% of my Liverpool 4 parts at par in just 2 months. Not the fastest flipper by any means, but far from the worst either.
|
|
|
|
Post by GSV3MIaC on Nov 3, 2015 16:33:14 GMT
Yes, it has been a long time since tranche4 .. I don't think 5 will flip well though, until/unless Flipping Critters decide to turn the SM back on, to shift some of their own parts .. right now it is deader than a doornail, at least at par.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Nov 4, 2015 13:21:48 GMT
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 6, 2015 14:29:45 GMT
Short term property loan: A+, 10%+1%CB, 6 months term but could repay earlier (17133, £225k, refinancing previous development loan due to potential project over-run)  [Going fast: already 48% filled in 30 minutes] |
|
|
|
Post by betterthanworking on Nov 6, 2015 14:57:35 GMT
Almost gone already. There is some big money goin' in there. Not much time for auto bid to get a cut :-)
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 6, 2015 15:00:02 GMT
Almost gone already. There is some big money join' in there. Not much time for auto bid to get a cut :-) You're right, it will flip like hot cakes. However, given it's earning 9% net in the meantime, I'm almost inclined to hold onto it the hope of the mooted early repayment in Jan/Feb [Edit: all gone in 42 minutes]
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Nov 6, 2015 15:07:27 GMT
Almost gone already. There is some big money join' in there. Not much time for auto bid to get a cut :-) You're right, it will flip like hot cakes. However, given it's earning 9% net in the meantime, I'm almost inclined to hold onto it the hope of the mooted early repayment in Jan/Feb [Edit: all gone in 42 minutes] I assume that person who put £10,000+ in in £1,000 bids (and stopped me buying a few extra parts) was a buy-to-holder. I looked to see if there were any discounted parts for the original loans, but the best that was on offer was at a premium of 0.7%.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 6, 2015 15:14:14 GMT
I assume that person who put £10,000+ in in £1,000 bids (and stopped me buying a few extra parts) was a buy-to-holder. I looked to see if there were any discounted parts for the original loans, but the best that was on offer was at a premium of 0.7%. The original development loans were rated only A, at same 10% rate, the first tranche getting 0.5%CB but not the smaller second tranche. I guess the fact the project is nearing completion and FC still hold a sizeable contingency means the enhanced A+ rating is fair enough, but it does look pretty generous on the face of it.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 9, 2015 8:16:06 GMT
Harley St 1 (17048, £440k A+, 8%+1%CB) could be a candidate for a CB upgrade today / tomorrow. It's only 73% filled with 2 days 6 hours left (£117k still needed) and Autobidding is starting to tail off; last night's run added around £40k and it has only 2 more nights to go. That said, it won't flip well even if it does get 2%CB (likely 5+ tranches still to come) so getting the later tranches away could be a serious headache.
[Actually, Henley 2 (17043, £375k A+ 24 months, 8%+2%CB) is looking a bit sick too. It's 82% filled with the same time to go, but further Autobidding is now pretty minimal so it largely will be reliant on manual bidders to fill. One has to wonder how the remaining £1.35m that this scheme needs will be raised ...]
|
|
TitoPuente
Member of DD Central
Posts: 624
Likes: 655
|
Post by TitoPuente on Nov 9, 2015 9:13:52 GMT
Harley St 1 (17048, £440k A+, 8%+1%CB) could be a candidate for a CB upgrade today / tomorrow. It's only 73% filled with 2 days 6 hours left (£117k still needed) and Autobidding is starting to tail off; last night's run added around £40k and it has only 2 more nights to go. That said, it won't flip well even if it does get 2%CB (likely 5+ tranches still to come) so getting the later tranches away could be a serious headache. [Actually, Henley 2 (17043, £375k A+ 24 months, 8%+2%CB) is looking a bit sick too. It's 82% filled with the same time to go, but further Autobidding is now pretty minimal so it largely will be reliant on manual bidders to fill. One has to wonder how the remaining £1.35m that this scheme needs will be raised ...] Time for a 3% CB.
|
|
min
Member of DD Central
Posts: 615
Likes: 182
|
Post by min on Nov 9, 2015 9:51:26 GMT
Harley St 1 (17048, £440k A+, 8%+1%CB) could be a candidate for a CB upgrade today / tomorrow. It's only 73% filled with 2 days 6 hours left (£117k still needed) and Autobidding is starting to tail off; last night's run added around £40k and it has only 2 more nights to go. That said, it won't flip well even if it does get 2%CB (likely 5+ tranches still to come) so getting the later tranches away could be a serious headache. [Actually, Henley 2 (17043, £375k A+ 24 months, 8%+2%CB) is looking a bit sick too. It's 82% filled with the same time to go, but further Autobidding is now pretty minimal so it largely will be reliant on manual bidders to fill. One has to wonder how the remaining £1.35m that this scheme needs will be raised ...] Property not alone in struggling to cross the line. There's a 60 month B (£210,000) which needs in excess of £30,000 in 4 hours.
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Nov 9, 2015 10:00:03 GMT
Who pays CB? Is it the borrower or does it come from FC's margin?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 9, 2015 10:02:13 GMT
Who pays CB? Is it the borrower or does it come from FC's margin? Paid by Financially Challenged
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Nov 9, 2015 10:07:25 GMT
Property not alone in struggling to cross the line. There's a 60 month B (£210,000) which needs in excess of £30,000 in 4 hours. Paid by Financially Challenged So they would be much better buying the £30k themselves and then cutting it out at a 2-3% discount, rather than paying 1% CB on the whole amount?
|
|
