p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Aug 16, 2019 21:49:56 GMT
The last post re: CL was six months ago, so I was wondering what people's thoughts/experiences were of them since then?
The website is fairly professional-looking, with far more detailed information about projects than most other P2P platforms, and the returns seem to be very decent, such as "16% p.a. Target Interest Rate" on the current live (second charge) project, but I always start to feel queasy when I read the word "target"!
Thanks.
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Post by gravitykillz on Aug 17, 2019 7:47:46 GMT
Just checked their website. And the drawback for me was their minimum investment was too high(250-500). Especially for a platform I have barely heard of.
If they disappeared tommorow would anyone notice ?
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Post by gravitykillz on Aug 17, 2019 7:48:48 GMT
Also development loans are dangerous. I am trying to reduce my exposure to these loans.(especially 2nd charge loans)
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nummo
Member of DD Central
Posts: 50 
Likes: 12
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Post by nummo on Aug 17, 2019 8:00:44 GMT
Also development loans are dangerous. I am trying to reduce my exposure to these loans.(especially 2nd charge loans) Interested in this statement, why are development loans dangerous? What makes them intrinsically more risky given proper valuations and projections? (new to P2P so trying to learn as much as possible, appreciate any help)
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Post by gravitykillz on Aug 17, 2019 8:09:00 GMT
Also development loans are dangerous. I am trying to reduce my exposure to these loans.(especially 2nd charge loans) Interested in this statement, why are development loans dangerous? What makes them intrinsically more risky given proper valuations and projections? (new to P2P so trying to learn as much as possible, appreciate any help) Check out the lendy thread.
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Post by dan1 on Aug 17, 2019 8:21:47 GMT
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Post by mrclondon on Oct 23, 2019 11:20:00 GMT
At least two projects were being jointly financed by CL and FS (L******k in Scotland, and Stockport). Investors in those projects on CL (be it in debt or equity) may wish to make enquiries of CL as to the implications for those projects. The latter should be close to completion, but the former will need ongoing debt drawdowns for many months if the project is to continue.
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