SteveT
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Post by SteveT on Nov 9, 2015 10:12:22 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? That works fine for residual amounts of individual SME loans (they will just sell it on at par via the SM in due course). But Propery loans are a different matter; they can buy up the last portion of one tranche themselves, but what do they do about the remaining tranches still to be funded?
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Post by betterthanworking on Nov 9, 2015 10:13:54 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. I had spotted that one too, but financials are such that I wouldn't like to be stuck with too much of it just for 1% CB
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Post by GSV3MIaC on Nov 9, 2015 10:25:51 GMT
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? That works fine for residual amounts of individual SME loans (they will just sell it on at par via the SM in due course). But Propery loans are a different matter; they can buy up the last portion of one tranche themselves, but what do they do about the remaining tranches still to be funded? Flipping Cheek have said they will sell on such parts at par. If these start discounting them they are going to be on an even stickier wicket, if that is even possible. I expect they can afford to buy it and kick it down the road at par until such time as enough newbie autobidders have joined to soak it up (but none of them will be on the back of any 'recommend an enemy' schemes from me).
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SteveT
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Post by SteveT on Nov 9, 2015 13:33:43 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. Comment now added to the £210k B (looks like they're going to be buying roughly £30k of it!): Q. 9 Nov 2015 10:49 - FC Comment: Please note, if this loan does not fully fund, FC Finance will buy the remaining loan parts within the last thirty minutes of the listing. Thanks, FC.
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min
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Post by min on Nov 9, 2015 13:45:33 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. Comment now added to the £210k B (looks like they're going to be buying roughly £30k of it!): Q. 9 Nov 2015 10:49 - FC Comment: Please note, if this loan does not fully fund, FC Finance will buy the remaining loan parts within the last thirty minutes of the listing. Thanks, FC. And they're buying £20 parts at approximately 1 a second. Think they'll have to up the part size or maybe stop playing table tennis for half hour while all staff Frantically Click.
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TitoPuente
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Post by TitoPuente on Nov 9, 2015 16:03:28 GMT
17170 - 165K, 18 months, 1% CB, second and last tranche of a total 365K. Could this be a modest but decent flip?
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Post by bonfemme on Nov 9, 2015 16:21:10 GMT
Comment now added to the £210k B (looks like they're going to be buying roughly £30k of it!): Q. 9 Nov 2015 10:49 - FC Comment: Please note, if this loan does not fully fund, FC Finance will buy the remaining loan parts within the last thirty minutes of the listing. Thanks, FC. And they're buying £20 parts at approximately 1 a second. Think they'll have to up the part size or maybe stop playing table tennis for half hour while all staff Frantically Click. I'm wondering how soon it will be before Foolish Currency come a cropper and are left with their first late or RBRd loan. I doubt they can offload £30k quickly enough to avoid the inevitable if they make a habit of this.
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acky
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Post by acky on Nov 9, 2015 18:01:20 GMT
17048 Harley Street now 2% CB
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wysiati
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Post by wysiati on Nov 9, 2015 18:46:40 GMT
17048 Harley Street now 2% CB That on tranche 1 (£440k) with another estimated £2.14m to follow.
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Post by bonfemme on Nov 9, 2015 18:49:15 GMT
17048 Harley Street now 2% CB Thanks for the tip off. This is working well, hadn't spotted that.
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Post by GSV3MIaC on Nov 11, 2015 14:23:24 GMT
eh-up 3% CB on offer 17233 .. will next tranche reach 4%?!
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baldpate
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Post by baldpate on Nov 11, 2015 14:29:10 GMT
Is this a first? I don't recall seing a 3% CB before.
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SteveT
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Post by SteveT on Nov 11, 2015 14:29:32 GMT
eh-up 3% CB on offer 17233 .. will next tranche reach 4%?! If we all hold off for 5 or 6 days, perhaps we can get THIS one to 4% 
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SteveT
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Post by SteveT on Nov 11, 2015 14:32:23 GMT
Is this a first? I don't recall seing a 3% CB before. 14736 (London 6, £410k, 17 months) is the only other I have and it was a flipping dog. I've still 80% left after 3 months.
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TitoPuente
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Post by TitoPuente on Nov 11, 2015 14:40:06 GMT
17233 will probably be another flipping dog given total size.
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