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Post by supernumerary on Mar 26, 2016 18:06:57 GMT
One week has now passed on the life of this loan.
As of 6:06pm approx. Saturday, 26th March 2016;
6,972 Saving Stream investors on the website.
PBL087 - Unit 3, Wolsey Business Park, Watford, Herts
£490,048 remaining
INVESTORS SO FAR 1251
PBL088 - Unit 4, Wolsey Business Park, Watford, Herts
£319,028 remaining
INVESTORS SO FAR 1214
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Post by ladywhitenap on Mar 27, 2016 20:15:35 GMT
Any theories as to why these two loans are staying doggedly short of filling by only a few %?
Are there a significant number of possible investors away for the school holidays or getting in the last bit of skiing perhaps?
LW
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Post by GSV3MIaC on Mar 27, 2016 20:19:04 GMT
Just waiting on March repayments/interest to come in, that'll take care of it. I guess we are short of new investors over the holiday season too.
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j
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Post by j on Mar 27, 2016 20:27:32 GMT
Just waiting on March repayments/interest to come in, that'll take care of it. I guess we are short of new investors over the holiday season too. Agree. If no new loans come to fruition over next 1-2 weeks, the interest payments will most likely gulp the overflow in the SM that's been persistent for last few days. Always the case with SS where you get these recurring cycles.
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Post by ladywhitenap on Mar 27, 2016 21:25:50 GMT
Just waiting on March repayments/interest to come in, that'll take care of it. I guess we are short of new investors over the holiday season too. My excuse is that some months ago I started to invest a certain proportion of my portfolio in SS and in the last few weeks I've been getting very close to that limit and I have little more to invest than the monthly interest and maturing loans provide. LW
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brin
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Post by brin on Mar 27, 2016 21:39:12 GMT
Just waiting on March repayments/interest to come in, that'll take care of it. I guess we are short of new investors over the holiday season too. Agree. If no new loans come to fruition over next 1-2 weeks, the interest payments will most likely gulp the overflow in the SM that's been persistent for last few days. Always the case with SS where you get these recurring cycles. hi J .. the interest payments will hardly touch the SS SM , the pipeline is set at 29m+ (all eyes on hull) at the moment, and the SM is loaded with the watford debacle. I am sat here holding funds to invest and the SM is not attractive at the moment ;
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ben
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Post by ben on Mar 27, 2016 22:03:26 GMT
Agree. If no new loans come to fruition over next 1-2 weeks, the interest payments will most likely gulp the overflow in the SM that's been persistent for last few days. Always the case with SS where you get these recurring cycles. hi J .. the interest payments will hardly touch the SS SM , the pipeline is set at 29m+ (all eyes on hull) at the moment, and the SM is loaded with the watford debacle. I am sat here holding funds to invest and the SM is not attractive at the moment ; No rush I doubt hull will go for awhile has been there for ages and when it does the last lot of contractors left the work site does not exactly fill you with confidence on the people in charge of the project
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brin
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Post by brin on Mar 27, 2016 22:12:23 GMT
hi J .. the interest payments will hardly touch the SS SM , the pipeline is set at 29m+ (all eyes on hull) at the moment, and the SM is loaded with the watford debacle. I am sat here holding funds to invest and the SM is not attractive at the moment ; No rush I doubt hull will go for awhile has been there for ages and when it does the last lot of contractors left the work site does not exactly fill you with confidence on the people in charge of the project hi ben latest update for hull is its ready to go anytime, but i do agree about the people in charge, the LTV at 65% attracts me tho. not the best .but better than 70% i suppose. 
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ilmoro
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Post by ilmoro on Mar 27, 2016 22:13:53 GMT
Agree. If no new loans come to fruition over next 1-2 weeks, the interest payments will most likely gulp the overflow in the SM that's been persistent for last few days. Always the case with SS where you get these recurring cycles. hi J .. the interest payments will hardly touch the SS SM , the pipeline is set at 29m+ (all eyes on hull) at the moment, and the SM is loaded with the watford debacle. I am sat here holding funds to invest and the SM is not attractive at the moment ; debacle? Not sure why you would say that. Yes, there's a fair amount of residual on the market but then thats not the first time huge loans havent vanished in days. Both loans are actually pretty liquid with hardly any lender parts on the market. Similar predictions were made about Huddersfield less than a month ago. £1m interest will have an impact as will the Easter holidays on anything else coming through the pipeline.
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brin
I am trying to stay calm.
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Post by brin on Mar 27, 2016 22:21:53 GMT
hi J .. the interest payments will hardly touch the SS SM , the pipeline is set at 29m+ (all eyes on hull) at the moment, and the SM is loaded with the watford debacle. I am sat here holding funds to invest and the SM is not attractive at the moment ; debacle? Not sure why you would say that. Yes, there's a fair amount of residual on the market but then thats not the first time huge loans havent vanished in days. Both loans are actually pretty liquid with hardly any lender parts on the market. Similar predictions were made about Huddersfield less than a month ago. £1m interest will have an impact as will the Easter holidays on anything else coming through the pipeline. hi ilmoro.. yep would agree to a certain extent, although im not sure the watford job can be seen as an easy decision for investors, as the SM shows. It will be interesting to watch next week, when interest goes in, how the SM moves, i'm not so sure that the watford job will move much with new interest money.
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ilmoro
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Post by ilmoro on Mar 27, 2016 22:28:22 GMT
No rush I doubt hull will go for awhile has been there for ages and when it does the last lot of contractors left the work site does not exactly fill you with confidence on the people in charge of the project hi ben latest update for hull is its ready to go anytime, but i do agree about the people in charge, the LTV at 65% attracts me tho. not the best .but better than 70% i suppose. Latest update is the same as the previous update, they are waiting for a new valuation and have been for a while, mid Jan at least. Unfortunately, SS are notoriously inaccurate on their predicitions as solicitors & valuers work to their own time, Watford was supposed to launch end of Feb, Hull late Jan! If it gets a PBL number, get excited otherwise...  LTV will probably end up at 70%. Watford has shifted £800k & 500k respectively since launch, some of which will be residual
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ben
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Post by ben on Mar 27, 2016 22:29:27 GMT
I think a lot of people are waiting to see what april brings so might clear a bit then
The Hull one has been ready to go for quite a while, it has also been that long in getting to this stage do the companies they had allegedly signed a contract with to rent out part of it still want it as I would guess there would have been a time limit on that. If they no longer want it could be a rather expensive building with nobody wanting it
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brin
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Post by brin on Mar 27, 2016 22:38:11 GMT
I think a lot of people are waiting to see what april brings so might clear a bit then The Hull one has been ready to go for quite a while, it has also been that long in getting to this stage do the companies they had allegedly signed a contract with to rent out part of it still want it as I would guess there would have been a time limit on that. If they no longer want it could be a rather expensive building with nobody wanting it It has been a long time, i agree, but i think ultimately this is aimed at students, and where student accommodation is concerned, the demand is always growing, and even if some investors feel it may have dragged on a while, there will be plenty of investors in the pipeline, student accommodation is premium investment , if hull can make it work, any city can. (sorry hull) its ok really. Ps. not been there for 15 yrs, so i suppose i do not know really know what i am on about.. but i am from that neck (ish) of the woods. 
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brin
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Post by brin on Mar 27, 2016 22:45:27 GMT
hi ben latest update for hull is its ready to go anytime, but i do agree about the people in charge, the LTV at 65% attracts me tho. not the best .but better than 70% i suppose. Watford has shifted £800k & 500k respectively since launch, some of which will be residual hi ilmoro.. do you think gone are the days where 3m loans were one in a few mins? with regards to SS.
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ilmoro
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Post by ilmoro on Mar 27, 2016 22:57:22 GMT
Watford has shifted £800k & 500k respectively since launch, some of which will be residual hi ilmoro.. do you think gone are the days where 3m loans were one in a few mins? with regards to SS. No, but less likely when 22m has launched in a month. First of that was 4.6m which was fully prefunded.
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LTV will probably end up at 70%.