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Post by davidhollywood72 on Mar 16, 2014 21:22:03 GMT
Hello.
Does anyone know of any new loans in the pipeline for March ?
Aberystwyth and Wrexham seem to be coming to a nice conclusion now.
Thanks.
DH
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spockie
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Post by spockie on Mar 16, 2014 21:58:34 GMT
Andrew said last Monday that there were three coming shortly.
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mikes1531
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Post by mikes1531 on Mar 16, 2014 23:08:31 GMT
Andrew said last Monday that there were three coming shortly. What he said was... Should have 3 new ones this week and more to come after that. ... and since those three didn't happen perhaps we could persuade him to give us an update.
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Post by jevans4949 on Mar 17, 2014 0:22:37 GMT
Andrew said last Monday that there were three coming shortly. What he said was... Should have 3 new ones this week and more to come after that. ... and since those three didn't happen perhaps we could persuade him to give us an update. Probably the usual unexpected SNAFU's to sort out before they put 'em up.
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j
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Post by j on Mar 17, 2014 9:22:45 GMT
Andrew said last Monday that there were three coming shortly. What he said was... Should have 3 new ones this week and more to come after that. ... and since those three didn't happen perhaps we could persuade him to give us an update. Provided no extension on the 2 current live loans, one would expect a new loan or two to turn up today!
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Post by andrewholgate on Mar 17, 2014 10:27:27 GMT
The loans are still there but as Monty Python once said "No-one expects the Spanish Inquisition".
I should have one today and hopefully 2 in the next two days. Last minute changes have delayed things ("No-one expects the valuation report giving a completely different view of what you had been told..."), which I would rather sort than list and create problems down the line.
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Post by Ton ⓉⓞⓃ on Mar 17, 2014 10:39:43 GMT
The loans are still there but as Monty Python once said "No-one expects the Spanish Inquisition". I should have one today and hopefully 2 in the next two days. Last minute changes have delayed things ("No-one expects the valuation report giving a completely different view of what you had been told..."), which I would rather sort than list and create problems down the line. No doubt Andy you're explain what exactly was unexpected when that Credit report is put up on the site.
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Post by andrewholgate on Mar 17, 2014 11:21:05 GMT
It's a deal where we found out there was a lease in place on a freehold that we didn't expect. Will all become clear on the credit report.
A
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j
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Post by j on Mar 17, 2014 13:12:08 GMT
The loans are still there but as Monty Python once said "No-one expects the Spanish Inquisition". I should have one today and hopefully 2 in the next two days. Last minute changes have delayed things ("No-one expects the valuation report giving a completely different view of what you had been told..."), which I would rather sort than list and create problems down the line. We'd rather have a delay in listing a loan than a problem down the line & loan pulled off altogether.
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mikes1531
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Post by mikes1531 on Mar 17, 2014 14:49:11 GMT
The loans are still there but as Monty Python once said "No-one expects the Spanish Inquisition". I should have one today and hopefully 2 in the next two days. Last minute changes have delayed things ("No-one expects the valuation report giving a completely different view of what you had been told..."), which I would rather sort than list and create problems down the line. We'd rather have a delay in listing a loan than a problem down the line & loan pulled off altogether. I agree wholeheartedly. It's much better for AC to have all the wrinkles ironed out and all the details in place before putting the loan opportunity onto the website.
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j
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Post by j on Mar 19, 2014 22:25:44 GMT
One gets the feeling this is the calm before the storm. Once the AC conference is out the way, the loans will come flying to make up for lost time....maybe?  |
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Post by yorkshireman on Mar 20, 2014 8:31:07 GMT
One gets the feeling this is the calm before the storm. Once the AC conference is out the way, the loans will come flying to make up for lost time....maybe? Get a few existing offers drawn down before anything else.
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Post by badger on Mar 20, 2014 13:27:23 GMT
Yorkshireman, Completely agree. AC need to sort out the current backlog of loans. I have 5 loans yet to drawdown. Ep**ng is getting seriously out of hand for a 6m loan. "Very quick drawdown expected due to the expiry of prior bridging loan" ... you must be joking. It was mid-Feb, end-Feb, mid-Mar etc etc. It should be pulled so I can do something more useful with it like put it in an account earning 1%. At least that would be 3bp per day! Agree - this was my first loan on Assetz, and it's a joke. 6 weeks delay on a 6-month loan? It hasn't given me much confidence, it should be pulled.
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Post by Ton ⓉⓞⓃ on Mar 20, 2014 19:22:14 GMT
Yorkshireman, Completely agree. AC need to sort out the current backlog of loans. I have 5 loans yet to drawdown. Ep**ng is getting seriously out of hand for a 6m loan. "Very quick drawdown expected due to the expiry of prior bridging loan" ... you must be joking. It was mid-Feb, end-Feb, mid-Mar etc etc. It should be pulled so I can do something more useful with it like put it in an account earning 1%. At least that would be 3bp per day! Agree - this was my first loan on Assetz, and it's a joke. 6 weeks delay on a 6-month loan? It hasn't given me much confidence, it should be pulled. I'm not in Epping BL, but maybe they could open it up to bidding again in such a way that those who wanted out could be replaced by those who wanted in. Obviously those leaving would forgo the interest at 12%pa...
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mikes1531
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Post by mikes1531 on Mar 20, 2014 22:36:51 GMT
I doubt it will be hoovered before the 6-months period is up since they can't get rid of Ha**ney or Ip***ch, never mind all the other loans in the pipeline that they need to get their underwriters out of. H*****y does seem to be making good progress. It looks like all -- or very nearly all -- of the loan parts still held by underwriters are in the Aftermarket now. I*****h is a very different story. There are about £400k of parts available in the Aftermarket, but the underwriters are holding an additional £800k of those. So when those now in the Aftermarket are bought there will be plenty more available to take their place.
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