SteveT
Member of DD Central
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Post by SteveT on Jan 24, 2016 18:08:13 GMT
Posting the valuation first, with no accompanying explanation of the background to the proposed loan, inevitably invites "investigation" and speculation. I'd suggest always posting the loan summary WITH the valuation (even if one or two elements remain tbc).
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Post by savingstream on Jan 25, 2016 9:43:15 GMT
This is one of the problems of putting up loans on the pipeline without enough information - people jump to the completely wrong conclusions. This is a sale to our borrower, not a loan to the existing owner. Apologies for the ' misleading' title, just a clerical error and has now been amended. Please remember that the pipeline is an evolving creature and no investments decisions should be made until ALL information is made available. Thanks for clearing that up for us savingstream We're just a lot of impatient cats who are way too curious for our own good  ! Just an idea; when adding a new pipeline loan it would be great if we had a simple PDF with a summery of what the loan entails; a bit like the Loan Particulars that is attched to some of the loans. Like a quick loan summary based on the basic info we have which can be updated as new info comes in and/or changes? We could probably do a better one/two liner initially.
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Post by GSV3MIaC on Jan 25, 2016 9:55:02 GMT
Yes, a quick one or two line summary would be good. At least something like what's the loan for, what's the exit strategy, who's borrowing it maybe.
'250 acres of Bedfordshire Farmland' doesn't convey much .. are we buying, refinancing ? .. is it to the farmer, developer, lord of the manor ? .. how are they going to find the £xm to redeem in 12 months? Some of this will surely (!) show up in the detailed PDF later, but some of it is presumably known on day1, or you wouldn't be talking to them.
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adrianc
Member of DD Central
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Post by adrianc on Jan 25, 2016 10:18:54 GMT
Yes, a quick one or two line summary would be good. At least something like what's the loan for, what's the exit strategy, who's borrowing it maybe. '250 acres of Bedfordshire Farmland' doesn't convey much .. are we buying, refinancing ? .. is it to the farmer, developer, lord of the manor ? .. how are they going to find the £xm to redeem in 12 months? Some of this will surely (!) show up in the detailed PDF later, but some of it is presumably known on day1, or you wouldn't be talking to them. Indeed. If we look at a live loan - say 74 - there's a lot of detail which could be provided right from the very off. Overview tab, particularly, and much of the Particulars tab.
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