cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
|
Post by cooling_dude on Mar 1, 2017 0:21:57 GMT
001 has got some new pictures  |
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 6, 2017 18:22:27 GMT
DFL001 - Tranche 6 is on the Pipeline
£447,620
|
|
GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on Mar 6, 2017 19:03:53 GMT
New release tranches of older loans are the only place you will be seeing 12% on new money now.
I don't think even SS would dare release further tranches of 12%ers at lower rates than earlier tranches.
|
|
|
|
Post by Deleted on Mar 6, 2017 19:10:08 GMT
DFL001 - Tranche 6 is on the Pipeline £447,620 @cooling_dude - only 102 days left. Assuming valuations are correct (previous comments noted), what concerns me is that there is no precedent of completed DFL loans to look at to judge as to whether to offload before it goes out of IOA (unless there is an extension before the 102 days runs out - seems that it might run longer than this re completion and then sales to repay loan). Does one cut and run whilst still IOA or hope/gamble that this loan will repay all capital and any extension interest. NO CHANGE in every update, so we do not know what discussions are being had between savingstream and the developer - one assumes they must be talking about further interest up front if the project is going to overrun the original term (maybe naive on my part). This issue will come about for all of the DFL's some of which are the biggest on the loan book. I know you do not have a crystal ball, but I always value your thoughts, if you would care to put them here? Cheers S
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Mar 6, 2017 19:35:44 GMT
DFL001 - Tranche 6 is on the Pipeline £447,620 @cooling_dude - only 102 days left. Assuming valuations are correct (previous comments noted), what concerns me is that there is no precedent of completed DFL loans to look at to judge as to whether to offload before it goes out of IOA (unless there is an extension before the 102 days runs out - seems that it might run longer than this re completion and then sales to repay loan). Does one cut and run whilst still IOA or hope/gamble that this loan will repay all capital and any extension interest. NO CHANGE in every update, so we do not know what discussions are being had between savingstream and the developer - one assumes they must be talking about further interest up front if the project is going to overrun the original term (maybe naive on my part). This issue will come about for all of the DFL's some of which are the biggest on the loan book. I know you do not have a crystal ball, but I always value your thoughts, if you would care to put them here? Cheers S My biggest concern is that SS don't provide a surveyors report, so we have no idea what the hell is going on. Furthermore, the updates are useless - as you say "No Change"... we're lucky if we get a "Build progressing". That's just great SS... Thanks... guess we're lucky it is still 12%  The cold hard truth is, I simply think savingstream don't care anymore... investors invest, so why bother keeping them updated... (the irony is I have pre-funded... maybe I am part of the problem... not for long, though) Do you cut and run? Up to you; but the fact is 12% loans are going to sell easily on the SM, right up to "SBL" (and maybe right up to default). I mean, that is a bad basis to invest, but there is no other information to base investment as SS updates are awful, and their honesty, integrity & openness are at an all time low (across the entire sector), and frankly it seems anyone will buy anything on the SM - The marketplace is ridiculous; investors seem to have no concept of risk, or the ability to carry out even simple DD. I have less of a loan plan, more of a platform plan, which in all likelihood involves exiting within the next 6 months.
|
|
adrianc
Member of DD Central
Posts: 10,027
Likes: 5,152
|
Post by adrianc on Mar 6, 2017 19:39:40 GMT
The cold hard truth is, I simply think savingstream don't care anymore... investors invest, so why bother keeping them updated... I fear you may be right.
|
|
|
|
Post by holmesy999 on Mar 6, 2017 19:47:21 GMT
I have less of a loan plan, more of a platform plan, which in all likelihood involves exiting within the next 6 months. well thats me out then.....
|
|
|
|
Post by Deleted on Mar 7, 2017 9:06:22 GMT
@cooling_dude - only 102 days left. Assuming valuations are correct (previous comments noted), what concerns me is that there is no precedent of completed DFL loans to look at to judge as to whether to offload before it goes out of IOA (unless there is an extension before the 102 days runs out - seems that it might run longer than this re completion and then sales to repay loan). Does one cut and run whilst still IOA or hope/gamble that this loan will repay all capital and any extension interest. NO CHANGE in every update, so we do not know what discussions are being had between savingstream and the developer - one assumes they must be talking about further interest up front if the project is going to overrun the original term (maybe naive on my part). This issue will come about for all of the DFL's some of which are the biggest on the loan book. I know you do not have a crystal ball, but I always value your thoughts, if you would care to put them here? Cheers S My biggest concern is that SS don't provide a surveyors report, so we have no idea what the hell is going on. Furthermore, the updates are useless - as you say "No Change"... we're lucky if we get a "Build progressing". That's just great SS... Thanks... guess we're lucky it is still 12% The cold hard truth is, I simply think savingstream don't care anymore... investors invest, so why bother keeping them updated... (the irony is I have pre-funded... maybe I am part of the problem... not for long, though) Do you cut and run? Up to you; but the fact is 12% loans are going to sell easily on the SM, right up to "SBL" (and maybe right up to default). I mean, that is a bad basis to invest, but there is no other information to base investment as SS updates are awful, and their honesty, integrity & openness are at an all time low (across the entire sector), and frankly it seems anyone will buy anything on the SM - The marketplace is ridiculous; investors seem to have no concept of risk, or the ability to carry out even simple DD. I have less of a loan plan, more of a platform plan, which in all likelihood involves exiting within the next 6 months. Thanks @cooling_dude - your frankness and honesty is appreciated as ever - S
|
|
agent69
Member of DD Central
Posts: 6,051
Likes: 4,440
|
Post by agent69 on Mar 7, 2017 9:51:30 GMT
@cooling_dude - only 102 days left. Assuming valuations are correct (previous comments noted), what concerns me is that there is no precedent of completed DFL loans to look at to judge as to whether to offload before it goes out of IOA (unless there is an extension before the 102 days runs out - seems that it might run longer than this re completion and then sales to repay loan). Does one cut and run whilst still IOA or hope/gamble that this loan will repay all capital and any extension interest. NO CHANGE in every update, so we do not know what discussions are being had between savingstream and the developer - one assumes they must be talking about further interest up front if the project is going to overrun the original term (maybe naive on my part). This issue will come about for all of the DFL's some of which are the biggest on the loan book. I know you do not have a crystal ball, but I always value your thoughts, if you would care to put them here? Cheers S My biggest concern is that SS don't provide a surveyors report, so we have no idea what the hell is going on. .
I'll try to pop round at lunch time to see what progress looks like.
|
|
|
|
Post by charles on Mar 7, 2017 9:51:42 GMT
New release tranches of older loans are the only place you will be seeing 12% on new money now. I don't think even SS would dare release further tranches of 12%ers at lower rates than earlier tranches. , Not entirely true. You can still see 12% on new money. As long as long as you look at other platforms apart from SS, that is.
...like ours?
|
|
ali
Member of DD Central
Posts: 313
Likes: 311
|
Post by ali on Mar 7, 2017 10:08:06 GMT
My biggest concern is that SS don't provide a surveyors report, so we have no idea what the hell is going on. .
I'll try to pop round at lunch time to see what progress looks like.
Might be worth having a look at Wilkinson Grant first. Use the latest pictures published by SS (on the main loan, not tranche 6) to identify the property.
|
|
agent69
Member of DD Central
Posts: 6,051
Likes: 4,440
|
Post by agent69 on Mar 7, 2017 10:44:47 GMT
I'll try to pop round at lunch time to see what progress looks like.
Might be worth having a look at Wilkinson Grant first. Use the latest pictures published by SS (on the main loan, not tranche 6) to identify the property. Think I've been past it before.
Development known as R**** C**** located on O** R**** L*** Exeter
|
|
ali
Member of DD Central
Posts: 313
Likes: 311
|
Post by ali on Mar 7, 2017 10:48:10 GMT
Might be worth having a look at Wilkinson Grant first. Use the latest pictures published by SS (on the main loan, not tranche 6) to identify the property. Think I've been past it before.
Development known as R**** C**** located on O** R**** L*** Exeter
Right, sorry. I wasn't thinking about helping you to find it. I was thinking it might be useful to compare how Wilkinson Grant describe the property with the reality on the ground. The pictures that they and SS are using would appear to include some "artistic license", but it would be useful to find out how much.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Mar 7, 2017 10:58:37 GMT
New release tranches of older loans are the only place you will be seeing 12% on new money now. I don't think even SS would dare release further tranches of 12%ers at lower rates than earlier tranches. , Not entirely true. You can still see 12% on new money. As long as long as you look at other platforms apart from SS, that is.
...like ours? To be fair to SS they do provide a Provision Fund, so maybe lower rates are justified.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Mar 7, 2017 11:38:29 GMT
New release tranches of older loans are the only place you will be seeing 12% on new money now. I don't think even SS would dare release further tranches of 12%ers at lower rates than earlier tranches. , Not entirely true. You can still see 12% on new money. As long as long as you look at other platforms apart from SS, that is.
...like ours? Knock it down to £2K minimum per pop and I'll take a look. 
|
|
