grahamg
Member of DD Central
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Post by grahamg on Sept 24, 2015 22:53:49 GMT
With only 12 hours to go only £27940 bid today and £63700 needed before close.
Don't think it will make it !
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min
Member of DD Central
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Post by min on Sept 25, 2015 6:31:17 GMT
Still 61,000 needed with less than 5 hours to go. Expect it will limp over the line with Frantic Clicking chucking in some of their own funds if required. Just wondering if this the first sign of cash flow problems with the ship jumpers removing funds.
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acky
Posts: 481
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Post by acky on Sept 25, 2015 6:37:03 GMT
Still 61,000 needed with less than 5 hours to go. Expect it will limp over the line with Frantic Clicking chucking in some of their own funds if required. Just wondering if this the first sign of cash flow problems with the ship jumpers removing funds. I feel that generally loans have been filling up much more slowly in the last week or so (apart from E's, of course), and I also feel the SM has been slower (apart from Autobid sales), so yes probably it is the effect of our fellow mariners going overboard. Also some people may be holding back to see how things pan out next week.
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pom
Member of DD Central
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Post by pom on Sept 25, 2015 7:55:20 GMT
Still 61,000 needed with less than 5 hours to go. Expect it will limp over the line with Frantic Clicking chucking in some of their own funds if required. Just wondering if this the first sign of cash flow problems with the ship jumpers removing funds. I feel that generally loans have been filling up much more slowly in the last week or so (apart from E's, of course), and I also feel the SM has been slower (apart from Autobid sales), so yes probably it is the effect of our fellow mariners going overboard. Also some people may be holding back to see how things pan out next week. I'm very happy with the way the SM is working at the moment, selling loads all at premium (so no autobid)... but I am cancelling listings after a week max and relisting. Dunno how the SM search thing works but the majority of my sales are very definitely from whatever's been listed that day.
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blender
Member of DD Central
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Post by blender on Sept 25, 2015 8:30:49 GMT
Still 61,000 needed with less than 5 hours to go. Expect it will limp over the line with Frantic Clicking chucking in some of their own funds if required. Just wondering if this the first sign of cash flow problems with the ship jumpers removing funds. It is noticeable that property is a large part of the PM listings at present as the business loans are presumably going to whole loans. There is currently £5M in the 44 loans, of which 45% by value is property. This does mean, I think, that FC are trying to use the active lender cash on the PM to fill property loans (where they will still need underwriting in some form) and are trying to get us used to worse overall deals on property. 15844 - no thank you.
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Post by nickthefool on Sept 25, 2015 9:21:16 GMT
The property offerings since they announced the fixed rates have certainly been worse than previously. Normally the same underlying rates, but with either longer terms or less (often no) cashback.
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Post by bonfemme on Sept 25, 2015 10:10:53 GMT
Still 61,000 needed with less than 5 hours to go. Expect it will limp over the line with Frantic Clicking chucking in some of their own funds if required. Just wondering if this the first sign of cash flow problems with the ship jumpers removing funds. It is noticeable that property is a large part of the PM listings at present as the business loans are presumably going to whole loans. There is currently £5M in the 44 loans, of which 45% by value is property. This does mean, I think, that FC are trying to use the active lender cash on the PM to fill property loans (where they will still need underwriting in some form) and are trying to get us used to worse overall deals on property. 15844 - no thank you. Out of interest, why not 15844 Blender?
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blender
Member of DD Central
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Post by blender on Sept 25, 2015 10:32:58 GMT
It is noticeable that property is a large part of the PM listings at present as the business loans are presumably going to whole loans. There is currently £5M in the 44 loans, of which 45% by value is property. This does mean, I think, that FC are trying to use the active lender cash on the PM to fill property loans (where they will still need underwriting in some form) and are trying to get us used to worse overall deals on property. 15844 - no thank you. Out of interest, why not 15844 Blender? Nothing wrong with the project as far as I know. In case I have to hold to term I just look for an annualised rate over the term for an A+ property of 10% before fees etc, or 12% for A. 2% cash back on a 19 month loan added to 8% does not do that, and I am a greedy b*st*rd.
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grahamg
Member of DD Central
Posts: 220
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Post by grahamg on Sept 25, 2015 10:50:56 GMT
Going to fail 31m to go and only 91% filled. Will be interesting to see what Floundering Counters will do
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Post by nickthefool on Sept 25, 2015 11:05:06 GMT
It's a big loan and the wrong time of the month too - I assume most people get paid in the next week so available lender cash is probably at a minimum around the 20-25th.
However I see FC have got involved so one assumes they will get it through.
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grahamg
Member of DD Central
Posts: 220
Likes: 62
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Post by grahamg on Sept 25, 2015 11:13:38 GMT
It's a big loan and the wrong time of the month too - I assume most people get paid in the next week so available lender cash is probably at a minimum around the 20-25th. However I see FC have got involved so one assumes they will get it through. Yes got funded by FC, guess they will have to prop up a lot more.
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