Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Mar 7, 2016 22:58:54 GMT
I'm pretty happy with SS, so haven't (yet) invested in other platform. Do other platforms offer generly offer more than 12% for these type loans?
On Thin Cats I would generally receive 13% to 14% for a development loan, though sometimes for these loans interest is not paid until the end of the loan along with the repayment of capital, meaning a comparable rate for those would be closer to Saving Stream's 12%.
But you do have to wait till the term of the loan for interest, and you have drawdown delays reducing your actual return. I would say on Thicats the rate ranges from 9-15%, depending on risk. ie ltv's from 50-90%
|
|
awk
Posts: 276
Likes: 147
Member is Online
|
Post by awk on Mar 8, 2016 9:16:41 GMT
Should there be a question about expected duration?
From this thread, it sounds that DFLs will typically be longer term than bridging loans (PBLs). The SS loan details page appears to default to 1 mth min / 12 mth max - with known errors on 31 and 46.
Will there be a more realistic duration stated for DFLs?
Also (and I might not like the answer), do DFLs have lower interest rates in the market place than bridging loans?
|
|
am
Posts: 1,495 
Likes: 601
|
Post by am on Mar 8, 2016 9:59:07 GMT
Should there be a question about expected duration? From this thread, it sounds that DFLs will typically be longer term than bridging loans (PBLs). The SS loan details page appears to default to 1 mth min / 12 mth max - with known errors on 31 and 46. Will there be a more realistic duration stated for DFLs? Also (and I might not like the answer), do DFLs have lower interest rates in the market place than bridging loans? 6-36 months is probably a reasonable range for DFLs. Development loans do tend to have lower rates than bridging loans - over at FC they default to 8% and 10% respectively.
|
|
registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
|
Post by registerme on Mar 8, 2016 10:34:43 GMT
When is Saving Stream going to shed any light on this?
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 8, 2016 10:37:12 GMT
When is Saving Stream going to shed any light on this? I sent them an e-mail yesterday, inviting them to come and answer the questions on this thread (it was after working hours, so they presumably only received it this morning). I would hope to see them on here sometime today..... savingstream .... nudge 
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Mar 8, 2016 11:34:33 GMT
This thread seems to me just like a poll, but with open-ended questions rather than multiple choice ones, right?
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 8, 2016 13:14:23 GMT
This thread seems to me just like a poll, but with open-ended questions rather than multiple choice ones, right? Shhhhhhhhhhhh.........  It's been a whole week since I did a poll..... I need to get my fix somehow 
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 8, 2016 13:25:10 GMT
So 2 DFL loans are due to go live tomorrow From SS email we have the following information in regards to DFLs; Well, that clears nothing up....... Thanks SS  |
|
|
|
Post by ladywhitenap on Mar 8, 2016 13:44:22 GMT
So if these "small staggered tranches" are below £1m, will the allocation rules be as per PBL type loans sub million rules or something different?
Come On SS, we do need some response from you about this new (to SS) loan type if we are to set our Pre-bids correctly as you request.
LW
|
|
|
|
Post by goldservice on Mar 8, 2016 13:55:57 GMT
This thread seems to me just like a poll, but with open-ended questions rather than multiple choice ones, right? Shhhhhhhhhhhh......... It's been a whole week since I did a poll..... I need to get my fix somehow You run out of spaces? 
|
|
locutus
Member of DD Central
Posts: 1,059
Likes: 1,622
|
Post by locutus on Mar 8, 2016 14:16:38 GMT
savingstream I'd like to invest in these but could really do with responses to the questions in this thread.
|
|
awk
Posts: 276
Likes: 147
Member is Online
|
Post by awk on Mar 8, 2016 14:22:33 GMT
Prefunding reset to ZERO until I get some explanation about how DFLs will work
Who has the job of communications at SS?
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 8, 2016 15:27:27 GMT
OK - A Breakthrough!!!!
Just got an e-mail from Tim
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 8, 2016 17:54:54 GMT
So savingstream did respond.... although they posted the answers on the wrong thread  I've updated my OP, and refined SS answers a tad to exclude the unimportant material. |
|
adrianc
Member of DD Central
Posts: 10,011
Likes: 5,141
Member is Online
|
Post by adrianc on Mar 9, 2016 9:15:11 GMT
Thus contrary to what SS says, most borrowers/developers do NOT mind their name or business being disclosed. A good point, especially given SS is quite probably the easiest platform on which to identify borrowers without having an account or being logged in.
|
|
