|
|
Post by jonboy73 on Aug 17, 2016 19:00:08 GMT
should be a lot of happy people on here?? Unless I'm mistaken I haven't seen the available amount this low for a while...
|
|
|
|
Post by harryvederci on Aug 17, 2016 19:32:48 GMT
is this on the market yet as stated to be the redemption route on last update
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
|
Post by cooling_dude on Aug 17, 2016 19:38:26 GMT
is this on the market yet as stated to be the redemption route on last update Nope Not as far as I can see anyway.
|
|
|
|
Post by mrclondon on Aug 17, 2016 21:22:49 GMT
is this on the market yet as stated to be the redemption route on last update It would be pretty silly to put it on the market until the non-I** half of the building is let with a third party tenant, something that IS currently being attempted by a local letting agent The SS update did not imply the property would be put on the market imminently only that a sale is the preferred exit route. As with all bridging loans the loan term is merely indicative, and an overrun of a managed duration whilst the building is let would seem to be justified in this case. The valuation of the property looks rock solid to me but only on the basis it is fully tenanted.
|
|
freddy
Member of DD Central
Posts: 147
Likes: 145
|
Post by freddy on Aug 18, 2016 1:31:05 GMT
I put 2k up for sale 10 days ago. As of yesterday I still had 35k ahead of me in the selling queue. Pleasant surprise this morning to find my loan parts sold.
|
|
TitoPuente
Member of DD Central
Posts: 624
Likes: 655
|
Post by TitoPuente on Aug 18, 2016 6:58:54 GMT
I guess PBL104 repayment helped.
|
|
|
|
Post by dualinvestor on Aug 18, 2016 8:07:25 GMT
I guess PBL104 repayment helped. That, and on the face of it, there is a good loan. Most people will not know of the controversy around it and believe I** ( sic) to be a good tenant.
|
|
|
|
Post by brokenbiscuits on Aug 18, 2016 17:06:22 GMT
To be fair looking at the loans available, this is the first on the list that isn't on or near negative days or isn't a hole in the ground.
So far, for all the due diligence done, we have had none of the loans that have had negative views default and some of them have paid back.
There is an element of pot luck on which ones may default even if we did have all the information to make a decision. I'm sticking with my plan of investing in all the loans and scaling down/out completely near the end as I see appropriate.
I've just halved my money in this one, but still in.
|
|
|
|
Post by ravado on Aug 19, 2016 9:27:22 GMT
I have a strange problem with this loan (064). I noticed the loan wasn't including in the live loans list, ie it was fully funded. I thought it was a good time to sell but noted the queue was actually £10k+ so I put it up for sale to see what would happen. It did appear briefly on the live loan list but not with the amount I'd sold. I then tried to cancel the sale but got the odd message: 'the sale loan part cannot be cancelled because the loan does not have sufficient availability'. Oddly the sale queue on this loan has reduced overnight from £9.7k to £6.4k. So what is going on here? If the queue is reducing and its not on the 2ndary market, who is buying? Also if there is really money in the queue why can't my sale be cancelled?  |
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Aug 19, 2016 9:30:01 GMT
I have a strange problem with this loan (064). I noticed the loan wasn't including in the live loans list, ie it was fully funded. I thought it was a good time to sell but noted the queue was actually £10k+ so I put it up for sale to see what would happen. It did appear briefly on the live loan list but not with the amount I'd sold. I then tried to cancel the sale but got the odd message: 'the sale loan part cannot be cancelled because the loan does not have sufficient availability'. Oddly the sale queue on this loan has reduced overnight from £9.7k to £6.4k. So what is going on here? If the queue is reducing and its not on the 2ndary market, who is buying? Also if there is really money in the queue why can't my sale be cancelled? It's been noted by several members on another thread ( click here) Make sure you e-mail SS, as this looks to be a fairly important issue that they need to resolve.
|
|
|
|
Post by ravado on Aug 19, 2016 9:36:02 GMT
Many thanks for the heads up Dude, will email right away!
|
|
|
|
Post by ravado on Aug 19, 2016 10:53:54 GMT
064 appears to be 'fixed' now and I was able to cancel my sale.  |
|
|
|
Post by easilyparted on Sept 5, 2016 11:40:37 GMT
Do I understand that there has been an update regarding the refinance of PBL 056 ?
|
|
|
|
Post by dualinvestor on Sept 5, 2016 11:46:47 GMT
The borrower is meeting with our representative this week to discuss his repayment options. He is considering putting it into auction soon.
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Sept 5, 2016 11:59:04 GMT
The borrower is meeting with our representative this week to discuss his repayment options. He is considering putting it into auction soon. That was the farm (PBL056). This loan PBL064 was simply "No Change".
|
|
