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Post by fundingsecure on May 25, 2015 10:11:17 GMT
New loan at 10 am Tuesday 26th May Secured against Ford Model B £9,000 13% pa LTV 60.0% £250 bid restriction for first 24 hours More detailsFundingSecure |
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Post by fundingsecure on May 25, 2015 13:03:27 GMT
New loan at 11 am Tuesday 26th May Secured against E-type Jaguar £25,000 12% pa LTV 50.0% As this is a renewal there will be a bid restriction of £50 for the first 24 hours More detailsFundingSecure NOTE: email had incorrect time in subject - loan will be posted at 11:00 am
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Post by fundingsecure on May 26, 2015 17:34:19 GMT
New loan at 11 am Wednesday 27th May Secured against diamond ring £1,500 13% pa LTV 68.2% As this is a renewal there will be a bid restriction of £25 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on May 26, 2015 18:22:36 GMT
Two New loans at 2pm Wednesday 27th May Secured against diamond ring and a rolex £3,300 and £4,700 13% pa As this is a renewal there will be a bid restriction of £50 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on May 27, 2015 13:36:59 GMT
New loan to be posted at 11 am Thursday 28th May Secured against F1 Opus Champions Edition Book £3,000 13% pa LTV 40.0% There will be a bid restriction of £50 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on May 27, 2015 15:18:08 GMT
New loan to be posted at 11 am Thursday 28th May Secured against a collection of Mackenzie Thorpe prints £1,500 12% pa LTV 65.2% There will be a bid restriction of £50 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on May 29, 2015 11:38:00 GMT
A new loan has just been posted
Secured against a collection of Asian artworks
£1,080
12% pa
LTV 40.00%
There will be a bid restriction of £25 for the first 24 hours
More details available on site
NOTE: As this is a small loan no pre-announcement has been made.
FundingSecure
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Post by Deleted on May 29, 2015 12:49:38 GMT
Thanks
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Post by fundingsecure on Jun 1, 2015 11:12:05 GMT
A new loan has just been posted Secured against an Omega watch valued at £1,500 £1,000 12% pa LTV 66.7% There will be a bid restriction of £25 for the first 24 hours More details available on site NOTE: As this is a small loan no pre-announcement has been made. FundingSecure NOTE: Now Fully Funded  |
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Post by fundingsecure on Jun 2, 2015 11:07:53 GMT
New loan to be posted at 1pm Wednesday 3rd June Secured against a collection of 6 racing yachts £145,000 13% pa LTV 52.73% As this is a renewal there will be a bid restriction of £1,000 for the first 24 hours More detailsFundingSecure NOTE: In the email the text referencing the previous loan is incorrect (30042713422) However clicking on the link will take you to the correct loan (1997845114) Apologies for the error. |
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Post by fundingsecure on Jun 4, 2015 12:25:00 GMT
New loan at 1pm Friday 5th June Secured against collection of artwork £35,000 10% pa As this is a renewal there will be a bid restriction of £500 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on Jun 4, 2015 12:36:28 GMT
New loan at 11am Friday 5th June Secured against property £75,000 12% pa As this is a renewal there will be a bid restriction of £500 for the first 24 hours More detailsFundingSecure |
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Post by fundingsecure on Jun 5, 2015 13:21:15 GMT
New loan being listed at 10am Saturday 6th June Secured against Hotel in Lancaster £260,000 12% pa LTV 52.5% No bid restriction More detailsFundingSecure |
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Post by gaspilot on Jun 6, 2015 7:50:59 GMT
New loan being listed at 10am Saturday 6th June Secured against Hotel in Lancaster £260,000 12% pa LTV 52.5% No bid restriction More detailsFundingSecure This hotel has 55 guest rooms yet the asset value is quoted as £495K given an LTV of 52.5%. This seems a very low valuation on the property. Am I missing something here?
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Post by fundingsecure on Jun 6, 2015 8:13:29 GMT
You are correct - the complete hotel would indeed be valued much higher.
The details on the loan, including the valuation, will explain the apparent anomaly, but simply put some of the rooms have been sold as investments to third parties.
The valuation therefore only covers the remaining rooms and the other areas of the hotel, which is what we have a charge against.
The full details will be available when the loan is posted in less than an hour. As we do not expect this loan to fully fund straight away you should have plenty of time to review the full details before deciding whether or not to invest.
Hope this helps
FundingSecure
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