paulg
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PBL 029
Apr 1, 2015 14:23:18 GMT
via mobile
Post by paulg on Apr 1, 2015 14:23:18 GMT
PBL 029 about to launch for 273,000?
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 1, 2015 14:26:29 GMT
PBL 029 about to launch for 273,000? How do you know? Ah; I see it's got itself a number on the pipeline list 
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SteveT
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Post by SteveT on Apr 1, 2015 14:35:24 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial")
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paulg
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Post by paulg on Apr 1, 2015 16:04:36 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial") Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it?
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mikes1531
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Post by mikes1531 on Apr 1, 2015 16:05:55 GMT
It's encouraging to see there are three potential loans that have reached Stage 4.
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will
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Post by will on Apr 1, 2015 16:36:26 GMT
It's ok but I now feel I've got to sit on top of the computer if I'm to have any chance of a bit of farm.
Last small one went in 6 minutes!
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Post by lourent on Apr 1, 2015 17:21:29 GMT
it is online now
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ianb
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Post by ianb on Apr 1, 2015 17:31:06 GMT
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sqh
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Post by sqh on Apr 1, 2015 17:38:12 GMT
Also PBL 030? Presumably connected (both "Glasgow Commercial") Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it? Looks like the LTV difference depends which valuation you use. The 59% LTV for PBL029 is based on the current market value. The 90 day assumption value is £390k, which equates to 70% valuation. EDIT: section 18.14 of the VR implies that PBL029 is only half the building/s shown in the photograph.
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Post by pepperpot on Apr 1, 2015 18:01:09 GMT
3.3% left... edit: minus £264.46 left... 
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ilmoro
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Post by ilmoro on Apr 1, 2015 18:40:32 GMT
Was out so missed out. Not because didnt get the comms but because the SS website crashes on both my tablet & mobile. Logged in but then couldnt actually bid  Not an issue with other sites. |
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Post by zzr600 on Apr 1, 2015 18:51:15 GMT
As for a last two I was interested in, not a sniff! Sold out in minutes
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j
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Post by j on Apr 1, 2015 20:03:54 GMT
Last week's update had a pipeline loan: "2 x commercial/industrial buildings near Glasgow. Value £790k, loan £553k. Commercials agreed and solicitors instructed". So although the total loan size is the same - £553k - the Valuation has increased to 1,135k. So that's a much nicer LTV isn't it? Looks like the LTV difference depends which valuation you use. The 59% LTV for PBL029 is based on the current market value. The 90 day assumption value is £390k, which equates to 70% valuation. EDIT: section 18.14 of the VR implies that PBL029 is only half the building/s shown in the photograph. I'd based my investment size on the latter (70%). One of the units though showed no rent, did anyone understand why?
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chrisf
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Post by chrisf on Apr 1, 2015 22:35:37 GMT
I was out for the evening so missed out. Why can we not have a limit on bid size for the first day like most of the other platforms do?
I know IT effort has centred around adding pictures recently, but I suspect bid limits would be overall better received.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 1, 2015 23:10:47 GMT
I was out for the evening so missed out. Why can we not have a limit on bid size for the first day like most of the other platforms do? I know IT effort has centred around adding pictures recently, but I suspect bid limits would be overall better received. Well in theory no IT effort required because they had a limit system when there were boat loans, so should just be a question of switching it back on
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Not an issue with other sites.
