cred
New Member
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Post by cred on Sept 4, 2015 19:40:54 GMT
What have people heard of Crowdlords? They are pretty new and seem to be struggling to fund property developments that wold be funded within a few hours on fundingcircle, even with higher returns promised. I believe they are offering 5% cash back until Sunday too.
Any reason people are staying away?
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Post by uncletone on Sept 4, 2015 20:45:38 GMT
One reason for this pedant might be their inexplicable need to spell the simple word "landlord" as "LandLord" throughout their site.  Neither is "Developer" worthy of permanent capitalisation. It's just me. If they cannot manage basic English, how are they with complicated finance? |
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Post by ablrateandy on Sept 4, 2015 20:56:56 GMT
You mean "Complicate Finance", surely?
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Post by wiseclerk on May 31, 2017 18:53:10 GMT
Anyone care to share their results so far?
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rs
Member of DD Central
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Post by rs on Aug 6, 2017 16:56:49 GMT
Anyone care to share their results so far? seems like no one has any comments on Crowdlords.com!
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madpierre
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Post by madpierre on Aug 6, 2017 17:30:53 GMT
The name makes me cringe and smacks of amateurism or translation inadequacies. I won't even give it a first glance, although, if they are saving on expensive marketing support then perhaps it's worthy of a look. We all have to start somewhere  |
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rogerbu
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Post by rogerbu on Dec 6, 2017 16:05:23 GMT
I'm giving Crowdlords a try.
The main reason being that the returns will be as Capital Gains and hence for me tax free as I am not expecting to have any significant Capital Gains in that tax year.
At this time I don't want to increase my stock-market investment as I am uncomfortable over the medium term with Brexit. I also don't want to increase my P2P amounts in the few P2P companies I am comfortable with.
This week they are offering a 5% cash boost to a BTL investment. The return after 27 months should therefore be 28.6% (12.7% annualized). However this loan seems to have a very low take up rate - I don't know why as I cannot see anything particularly wrong once the cash Boost has been factored in.
My overall concern with Crowdlords is that there is no returns until the end, so like FS I may have no idea of trouble until no repayment.
Any thoughts from other Crowdlords investors would be very welcome.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 6, 2017 16:22:56 GMT
I'm averse to No Payment Until Term, give me a trickle of Monthly Interest Payments, at least.  |
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Post by charlata on Dec 6, 2017 18:09:19 GMT
I'm giving Crowdlords a try. The main reason being that the returns will be as Capital Gains and hence for me tax free as I am not expecting to have any significant Capital Gains in that tax year. At this time I don't want to increase my stock-market investment as I am uncomfortable over the medium term with Brexit. I also don't want to increase my P2P amounts in the few P2P companies I am comfortable with. This week they are offering a 5% cash boost to a BTL investment. The return after 27 months should therefore be 28.6% (12.7% annualized). However this loan seems to have a very low take up rate - I don't know why as I cannot see anything particularly wrong once the cash Boost has been factored in. My overall concern with Crowdlords is that there is no returns until the end, so like FS I may have no idea of trouble until no repayment. Any thoughts from other Crowdlords investors would be very welcome. These are not loans. They are equity investments. Completely different to investments on FS. They have more in common with property partner. Typically, the developer is selling you shares in a property at a supposed discount to market value, and 'guaranteeing' to buy them back at 'market value' in a year or two. Apart from that if you look up what the properties are actually selling for it is the same as the price at which you are buying in. So the whole thing revolves round the commitment of the developer to buy back a property at 10-15% above its current market value. Even with the 5% CB, this is not for me.
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Post by df on Dec 6, 2017 21:02:35 GMT
I've looked at it recently. What a name, "TheLordsOfTheCrowd".
It didn't attract me at all. It doesn't sound like any reasonable diversification is on offer. I doubt they have a healthy loan flow. I don't trust 15%-20% rates, why didn't they borrow from AC or other provider for twice as little? There is no mention of SM, probably means that you can't exit.
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rs
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Post by rs on Feb 12, 2018 13:55:01 GMT
I invested a small sum about 14 months ago and crowdlords have successfully exited recently for me. A few weeks late compared to original plan but the return promised 14 months ago is to be paid out in the next few weeks. Crowdlords have some interesting proposals and will be considering them for some future investments depending on market conditions.
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rs
Member of DD Central
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Post by rs on Sept 7, 2018 8:29:40 GMT
Crowdlord IFISA to be launched soon.
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Oct 19, 2018 18:51:04 GMT
Another investment paid out by Crowdlords returning about 15%pa return. So whilst not a lot of investments available in Crowdlords the ones which are seem good.
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cwah
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Post by cwah on Oct 20, 2018 14:26:31 GMT
All p2p investments are good the initial few years anyway... Its when the tides run out that we can see who was swimming naked!
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Post by mrclondon on Feb 15, 2019 20:36:02 GMT
Investors in CrowdLords may be interested in the discussions taking place in a couple of FundingSecure (FS) threads relating to loans which are being run in partnership with FS Lad****k Scotland and B***** St, Stockport
The new-ish majority shareholder in FS registered a charge against CL in Sept 2018 and there is obviously some agreement between the two platforms.
Given the corresponding CL listings are claiming first charge security, it is possible / probable that CL are participating in FS loans pari-passu with other FS lenders. Something that should be clarified with CL I think.
I'm not registered with CL, so only have limited access to their website, the explanation may be obvious to registered CL lenders.
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