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Post by batchoy on Feb 7, 2014 15:52:47 GMT
I see this one is live again with a full credit report (all be it anonymous) and an auction time of tomorrow at 15:00
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Post by chris on Feb 7, 2014 16:11:03 GMT
Small correction, it's listed as starting on the 9th at 3pm. Prebids can be placed beforehand.
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Post by batchoy on Feb 7, 2014 16:27:15 GMT
Ooops , I stand corrected. I'm not yet used to my wall calender, last year's went S-S this year's goes M-S.
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andy2001
Member of DD Central
Posts: 361 
Likes: 34
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Post by andy2001 on Feb 21, 2014 16:14:17 GMT
Well this one has moved to completed auctions section, without getting 100%. But it looks like it may go ahead as a 500k loan if a reduced settlement with the bank can be agreed.
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Feb 21, 2014 23:52:29 GMT
Well this one has moved to completed auctions section, without getting 100%. But it looks like it may go ahead as a 500k loan if a reduced settlement with the bank can be agreed. This one has surprised me completely, as I've never seen anything like this happen before. There are a number of questions in the Q&A for which there are no answers yet, and I was waiting for those before placing any bids. I do hope AC will continue to chase the borrower for answers. I suspect that satisfactory answers would have encouraged a lot more lenders to participate. Without answers, the underwriters could be left holding a lot of this loan for a long time. AC still are inviting lenders to bid out the underwriters, but I have difficultly understanding why any lender would want to make a commitment like that while the future of this loan is so uncertain.
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bugs4me
Member of DD Central
Posts: 1,845
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Post by bugs4me on Feb 22, 2014 9:07:11 GMT
Well this one has moved to completed auctions section, without getting 100%. But it looks like it may go ahead as a 500k loan if a reduced settlement with the bank can be agreed. This one has surprised me completely, as I've never seen anything like this happen before. There are a number of questions in the Q&A for which there are no answers yet, and I was waiting for those before placing any bids. I do hope AC will continue to chase the borrower for answers. I suspect that satisfactory answers would have encouraged a lot more lenders to participate. Without answers, the underwriters could be left holding a lot of this loan for a long time. AC still are inviting lenders to bid out the underwriters, but I have difficultly understanding why any lender would want to make a commitment like that while the future of this loan is so uncertain. It does seem rather odd and I would expect that if this one was to fly then there will considerable delays before take-off. I always tend to be a little cynical over unanswered questions. They may not seem relevant to the borrower but that is certainly the reverse for the proposed lender.
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Feb 22, 2014 18:57:19 GMT
I have just submitted a question to the loan's Q&A...
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andy2001
Member of DD Central
Posts: 361
Likes: 34
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Post by andy2001 on Feb 25, 2014 17:16:12 GMT
The 500k loan now looks like a failed bluff, as the loan is now fully underwritten at 700k, and the cash back cloak has started.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Feb 26, 2014 10:07:52 GMT
The 500k loan now looks like a failed bluff, as the loan is now fully underwritten at 700k, and the cash back cloak has started. Didn't invest in this one myself but would see the underwriting as a positive step forward in completing draw down on time, hopefully!
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Post by Ton ⓉⓞⓃ on Jan 28, 2016 19:12:32 GMT
I've picked up closed to £100 of this loan in the last couple of days. The trading figures have been uploaded showing a loss of in excess of £100k for the period Sept to end of Nov 2015, that must account for the sales. Uptil now I've tended to sell down in winter then buy back with the summer, but as the new owners seem to run the business well and the LTV has dropped; I'll be holding more of all year round.
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Post by mrclondon on Nov 29, 2016 16:09:05 GMT
Unexpectedly this loan has repaid in full yesterday, funds to be distributed to lenders "in due course".
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Post by pepperpot on Nov 29, 2016 17:10:03 GMT
Oh well, shouldn't begrudge a borrower paying back. With a couple of years of good payment track record I expect they could re-fi at a lower rate. Another good rate bites the dust.  |
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Nov 29, 2016 17:14:15 GMT
A bit of a surprise that AC didn't compete at around 10%. Maybe SS will suddenly come up with a 10%er.
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Bagman
Member of DD Central
Posts: 209
Likes: 131
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Post by Bagman on Nov 30, 2016 3:33:47 GMT
Well that is another few k going to MT and FS from me.. shame really as I did like Assets at 11%++
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Nov 30, 2016 8:30:17 GMT
I reckon there's an obvious market opportunity for a new Assetz Capital managed account, which I suggest be called the GDAC (for "Great Days of Assetz Capital"): - Membership limited to long-standing MLIA investors facing a wave of early repayments - Pays an initial rate of 12%pa - Randomly every month or two, some proportion of funds held starts accruing default interest at 14% or 15% for the next 12-24 months - GDAC members to receive regular personalised forum contributions from chris- Returns underwritten by cross-hedging amalgamated future risk-adjusted FX capital excesses from the QAA (or some such gibberish) Failing that, it's off to MT and ABL for me too |
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