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Post by davee39 on Dec 5, 2015 8:35:41 GMT
And still they are putting new loans up. This is a bumper Friday. We have seen FC hold back on a Friday in the past, but with nothing lasting more than three days this week FC are bullish. This means that there is hope - they have had a lot more investor money and here come the loans. There is hope for the return of 2% CB. Loans listed next week would be coming up to an acceptance deadline 21st to 25th Dec, the following week would lead to the usual post christmas shutdown. I think this was a big clearing of decks with little more to be expected until the new year.
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jayjay
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Post by jayjay on Dec 6, 2015 9:39:44 GMT
And still they are putting new loans up. This is a bumper Friday. We have seen FC hold back on a Friday in the past, but with nothing lasting more than three days this week FC are bullish. This means that there is hope - they have had a lot more investor money and here come the loans. There is hope for the return of 2% CB. Loans listed next week would be coming up to an acceptance deadline 21st to 25th Dec, the following week would lead to the usual post christmas shutdown. I think this was a big clearing of decks with little more to be expected until the new year. I think you are right. But I for one was expecting very little on Friday too. I havent analysed all those new loans as I have no intention of investing in any of them - but it does not say much for their quality. FC seem almost to have had them in reserve and let them out on the market. Any SME embarking on big new spending and investment at this time of year must be at the least a little contrarian (or just desperate for the money) I do hope that it does have a positive knock on effect for the likes of Byfleet 4 - this is because we will unusually have a fair chunk of open loans at least through Monday. I want to be fully invested by the eve of the hols and the Battersea loan was one good thing to help get me there. Just need one more!
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registerme
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Post by registerme on Dec 6, 2015 14:14:21 GMT
Has anybody pointed out re West Byfleet that 22 flats in 8,000 square feet means an average of 363 square feet per flat?
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Post by GSV3MIaC on Dec 6, 2015 19:42:28 GMT
And still they are putting new loans up. This is a bumper Friday. We have seen FC hold back on a Friday in the past, but with nothing lasting more than three days this week FC are bullish. This means that there is hope - they have had a lot more investor money and here come the loans. There is hope for the return of 2% CB. Loans listed next week would be coming up to an acceptance deadline 21st to 25th Dec, the following week would lead to the usual post christmas shutdown. I think this was a big clearing of decks with little more to be expected until the new year. Possibly they are just trying to hit the magic '£1B lent' before the end of the year? It'll be a close thing ..
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Post by nightmare on Dec 7, 2015 12:43:15 GMT
Just wondering why North Devon 2 (18028) is for only £125k when the total funding is to be over £3 million.
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Post by longjohn on Dec 7, 2015 12:49:51 GMT
Just wondering why North Devon 2 (18028) is for only £125k when the total funding is to be over £3 million. They need £360,000 right now so the first two tranches cover that. Later tranches will be taken as and when required. John
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adrianc
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Post by adrianc on Dec 7, 2015 14:45:56 GMT
Just wondering why North Devon 2 (18028) is for only £125k when the total funding is to be over £3 million. They need £360,000 right now so the first two tranches cover that. Later tranches will be taken as and when required. Tranche 1 is £380k, so at the draw-down of this tranche, they'll have £505k. Interest and fees - 2yrs at 8%+5%?, so ~26% total = ~400k.
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am
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Post by am on Dec 7, 2015 15:23:15 GMT
18080 has the cashback inconsistency reversed from the last one - 1% cashback on the main page, but no mention on the loan page.
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SteveT
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Post by SteveT on Dec 7, 2015 15:31:53 GMT
18080 has the cashback inconsistency reversed from the last one - 1% cashback on the main page, but no mention on the loan page. They'll have to cancel the listing if they really didn't mean to offer the CB. Can't think why it needs it (£246k A+, 8%, 12 months, 1st of just 2 tranches)
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acky
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Post by acky on Dec 7, 2015 15:33:40 GMT
18080 has the cashback inconsistency reversed from the last one - 1% cashback on the main page, but no mention on the loan page. But same rules apply - they'll have to honour it or indulge themselves in another "technical error". I've taken a screenshot of the main page just in case!
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blender
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Post by blender on Dec 7, 2015 17:06:37 GMT
14056, Kent, has been repaid very early. It was 10% A+; not happy about that.
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adrianc
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Post by adrianc on Dec 7, 2015 17:33:33 GMT
14056, Kent, has been repaid very early. It was 10% A+; not happy about that. Indeed. Payment 5 of 12 not due until next week. Hey-ho.
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Post by longjohn on Dec 8, 2015 1:14:03 GMT
They need £360,000 right now so the first two tranches cover that. Later tranches will be taken as and when required. Tranche 1 is £380k, so at the draw-down of this tranche, they'll have £505k. Interest and fees - 2yrs at 8%+5%?, so ~26% total = ~400k. The investor report quotes 'The borrower has requested £360,000 (excluding interest and fees) to commence the early stages of construction. This will be listed in two consecutive tranches.' My calculation was £505k x 8% over 2 years = £80,800 plus fees (2% of the £3,050,000) £61,000 = £141,800. Deducting £360k from £505k = £145k. Seems to add up roughly ok. Yes there's £3,200 unaccounted for but then I'm not privy to the real Fiendish Calculations. John
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registerme
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Post by registerme on Dec 8, 2015 4:26:11 GMT
18304 got a laugh out of me. Somebody should explain to the borrower that the word "ostensibly" has no place in a loan application. So no, in this case, I won't be popping it up  . |
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adrianc
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Post by adrianc on Dec 8, 2015 8:29:16 GMT
18304 got a laugh out of me. Somebody should explain to the borrower that the word "ostensibly" has no place in a loan application. So no, in this case, I won't be popping it up . 18034? It gets worse, though... equals equals
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