awk
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Post by awk on Mar 9, 2016 15:10:35 GMT
Hi Savings Stream, So do we know what the initial funding will be? I'm assuming it's the roll-over PBL funding plus the first tranche of development funding released. I think that you have only given us the total funding value Yes that is correct, we are still working out the actual amount but it will be land loan outstanding, any interest and fees, plus next 12 months interest and fees plus first £500k tranche. Looking like: £2.688m land loan £500k tranche 1 Making £3.188m open to investment, £2.1m of that to roll over leaving £1.088m available for new investment. Bottom up fill. Many thanks - just what I was after How is DFL2 looking? is that also something like £1m of new investment?
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sl75
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Post by sl75 on Mar 9, 2016 15:26:35 GMT
... Making £3.188m open to investment, £2.1m of that to roll over leaving £1.088m available for new investment. Bottom up fill. For the "roll over", will the same loan parts continue to exist in the new loan, or will the existing loan parts be repaid, and new loan parts issued to the same value. If the latter, will a single loan part be issued of the total allocation, two loan parts (one for the total rolled-over allocation and one for the new allocation), or many loan parts (one for each loan part that got rolled over, and one for the new allocation). Edit: never mind - answer discovered as DFL002 already seems to have rolled over, and I got a single loan part of the total value of the loan parts held in PBL050. Curiously, it still let me adjust my pre-funding target, so I did so...
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mikes1531
Member of DD Central
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Post by mikes1531 on Mar 9, 2016 15:40:39 GMT
So do we know what the initial funding will be? Yes that is correct, we are still working out the actual amount but it will be land loan outstanding, any interest and fees, plus next 12 months interest and fees plus first £500k tranche. Looking like: £2.688m land loan £500k tranche 1 Making £3.188m open to investment, £2.1m of that to roll over leaving £1.088m available for new investment. Bottom up fill. More than £1M of new funding, yet allocated bottom-up. Interesting.
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SteveT
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Post by SteveT on Mar 9, 2016 15:42:36 GMT
Seems fair to me that all get a broadly equal allocation of the first new DFL tranche, rather than the BH gamers taking most of it.
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sam i am
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Post by sam i am on Mar 9, 2016 15:58:19 GMT
Hi Savings Stream, So do we know what the initial funding will be? I'm assuming it's the roll-over PBL funding plus the first tranche of development funding released. I think that you have only given us the total funding value Yes that is correct, we are still working out the actual amount but it will be land loan outstanding, any interest and fees, plus next 12 months interest and fees plus first £500k tranche. Looking like: £2.688m land loan £500k tranche 1 Making £3.188m open to investment, £2.1m of that to roll over leaving £1.088m available for new investment. Bottom up fill. Good to get some further details but why bottom up fill if the new investment is over £1m?
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SteveT
Member of DD Central
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Post by SteveT on Mar 9, 2016 16:18:48 GMT
Tim's answers yesterday (and today) mentioned that all new DFL tranches will be allocated bottom up
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Post by GSV3MIaC on Mar 9, 2016 16:35:55 GMT
Which involves fiddling with a new prefund every time? Would be much nicer to have a (static) prefund set for the whole loan, and have SS fill it bottom up until/unless your holding is already that big (i.e. if you buy some on the SM, your prefund request goes down).
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sl75
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Post by sl75 on Mar 9, 2016 16:42:17 GMT
First stage of go-live now commenced on this loan (rolled the existing PBLs into it).
Edit:
Steps based on previous DFL seem to be:
1. Roll the old loans into the new one (the new loan parts appear in your portfolio), giving investors a new DFL loan part for the total value of all the PBL loan parts that rolled into it.
2. Create the statement entries to reflect what happened in step 1 (during the process of this, your balance gets messed around a bit).
3. Credit the interest for current loan parts.
4. Credit the interest for recently-sold loan parts.
5. Allocate loan parts bottom up based on pre-funding requests.
6. Set the loan live.
At time of edit, we seem to be part-way through step 2.
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Post by supernumerary on Mar 9, 2016 16:46:33 GMT
First stage of go-live now commenced on this loan (rolled the existing PBLs into it). Thank you for the heads up on developments. 
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SteveT
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Post by SteveT on Mar 9, 2016 16:55:04 GMT
Seems to be a fair bit more explanation now of the loan on the Overview tab, at least since I last looked at it.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 9, 2016 16:56:25 GMT
Seems to be a fair bit more explanation now of the loan on the Overview tab, at least since I last looked at it. That must have been updated no more than 5 minutes ago That's far better; close to what I would like to see for these DFLs Although, still no valuation report indicating a GDV....... Edit : Seems they are updating as I type this post.... description has also changed.......
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 9, 2016 17:08:35 GMT
DFL001 is now live
£277.00 allocation (i believe it's bottoms up); what's everybody else got?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 9, 2016 17:09:50 GMT
£277!!! I'll have to fight Partacus for a bit more 
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sl75
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Post by sl75 on Mar 9, 2016 17:11:46 GMT
DFL001 is now live £277.00 allocation (i believe it's bottoms up); what's everybody else got? Just to confuse everyone, they've done this one as proportional!
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Post by supernumerary on Mar 9, 2016 17:12:24 GMT
DFL001 is now live £277.00 allocation (i believe it's bottoms up); what's everybody else got? £2,772.00
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