tonyr
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Post by tonyr on Feb 3, 2016 21:48:55 GMT
So well done to AC for pulling off the biggest loan yet and let's hope that they can find many more similar loans. Exponential growth is the only way to win the market at this stage but it's really tough to pull off. The £6m loan hasn't been drawn down yet - it is scheduled for drawdown on Friday. Yeah, I know. I did write something about the possibility that Friday doesn't come off and then though the better of it. Don't press me.
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Post by Ton ⓉⓞⓃ on Feb 4, 2016 22:00:13 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 4, 2016 22:13:02 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 17, 2016 21:05:29 GMT
Busy day tomorrow then, all 4 loans now 'scheduled' to drawdown tomorrow, £3.3m
plus 3 on SS, 1 on MT, maybe a launch on ABL, plus the usual new & hanging stuff on FS.
Choices, choices!
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SteveT
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Post by SteveT on Mar 18, 2016 17:56:24 GMT
Busy day tomorrow then, all 4 loans now 'scheduled' to drawdown tomorrow, £3.3m 2 drawn down (#240 and #243), still 2 to go .....
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tonyr
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Post by tonyr on Mar 18, 2016 20:19:35 GMT
Busy day tomorrow then, all 4 loans now 'scheduled' to drawdown tomorrow, £3.3m 2 drawn down (#240 and #243), still 2 to go ..... It's 8pm so it's getting quite late for the last two. One of these was scheduled for two days ago. so a poor show to make this effectively five days late (Monday). The other was brought froward by a week, but without the prior commitment of all the underwriters - again that's a bit of a poor show as those underwriters who did cough up to the updated timescales are now going to lose out on the weekends interest as are everyone else who has sold in order to get a promised 12% at midnight tonight. I think AC should give up on Friday targets for drawdown as they rarely make them. Instead they should target Mondays so that if they miss them, for whatever reason, at least they can fix things up in the next few days. This works for the lenders who don't want to lose a weekends interest due to failed drawdown and works for the borrowers because (I assume) they are newbies so believe AC's timings and so think they will be paying interest on money they can't do anything with until Monday. stuartassetzcapital I'm not asking you to comment on this board, but please do consider the idea. You make (hopefully!) good money on being "Fairer,... Together" this seems to move towards that goal.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 18, 2016 22:23:22 GMT
Looks like loan #244 is going ahead at the 11th hour, 10th and a quarter hour.
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kermie
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Post by kermie on Mar 18, 2016 22:39:32 GMT
And its related loan #245. Both now drawndown.
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tonyr
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Post by tonyr on Mar 19, 2016 22:38:11 GMT
And its related loan #245. Both now drawndown. I have to say I was impressed that these came through so late - well done AC!
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 29, 2016 14:49:31 GMT
I see AC have managed to rustle up another whirlygig loan for the pipeline, but at the cost of 1% rate drop compared to last one.
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Post by Ton ⓉⓞⓃ on Mar 29, 2016 19:23:18 GMT
I see AC have managed to rustle up another whirlygig loan for the pipeline, but at the cost of 1% rate drop compared to last one. I've noticed two more plus the whirligiger! a 9% 400k bridge (contract signed 15/12/15!) the other being a small commercial mortgage.
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am
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Post by am on Apr 1, 2016 8:39:20 GMT
I see AC have managed to rustle up another whirlygig loan for the pipeline, but at the cost of 1% rate drop compared to last one. I've failed to identify this in the pipeline? Any hints?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Apr 1, 2016 9:01:20 GMT
I see AC have managed to rustle up another whirlygig loan for the pipeline, but at the cost of 1% rate drop compared to last one. I've failed to identify this in the pipeline? Any hints? Renewables!
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am
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Post by am on Apr 1, 2016 10:19:51 GMT
I've failed to identify this in the pipeline? Any hints? Renewables! Thanks
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Post by crabbyoldgit on Apr 9, 2016 9:35:24 GMT
246 failed to launch again yesterday, anybody taking bets the 1st house will sell before drawdown and kill the loan.Of course i would not be unhappy if it repayed the day after drawdown as long as the minimum 3 months interest is payed  . Wonder what the annualised interest would work out to be. |
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. Wonder what the annualised interest would work out to be.