locutus
Member of DD Central
Posts: 1,059 
Likes: 1,622
|
Post by locutus on Mar 22, 2016 9:55:50 GMT
Would be good to see the loan parts available on the secondary market decrease before we push ahead with more loans. Good liquidity is a essential aspect of the site. The borrower needs the money when they need the money. I don't think they care about the SM liquidity. However, there is no reason they couldn't offer a bonus to grease the wheels a little. 
|
|
|
|
Post by Deleted on Mar 22, 2016 10:08:16 GMT
Would be good to see the loan parts available on the secondary market decrease before we push ahead with more loans. Good liquidity is an essential aspect of the site. The borrower needs the money when they need the money. I don't think they care about the SM liquidity. However, there is no reason they couldn't offer a bonus to grease the wheels a little. Agree, that's the way it is. Was just wondering how much of 87 and 88 has actually been bought and paid for. There's just over £1.5m on the secondary market, and saw a few comments, that there's more to come. Will Wolsey draw down before all the parts are sold ?, if they do will Saving Stream effectively be holding a large part of the Wolsey loan ?
|
|
|
|
Post by brianac on Mar 22, 2016 11:00:18 GMT
[/quote]"• New railway line is been granted in planning which will increase value of the end product." Probably HS2, why should that increase the value as I doubt if there will be much demand from the residents of a "care village"?  [/quote] Better transport links will increase property prices generally, which will "benefit" this development too. Brian (trying hard not to make a comment about "Derby & Joan" !) |
|
|
|
Post by Deleted on Mar 22, 2016 14:27:03 GMT
My concern would be with the value of the core asset during the building of HS2. Many properties in that area are now difficult to sell.
Not for me I think
|
|
|
|
Post by savingstream on Mar 22, 2016 15:11:41 GMT
My concern would be with the value of the core asset during the building of HS2. Many properties in that area are now difficult to sell. Not for me I think Bobo - suggest you are perhaps looking to invest in the wrong place. Try here : www.money.co.uk/savings-accounts.htm
|
|
duck
Member of DD Central
Posts: 2,878
Likes: 6,949
Member is Online
|
Post by duck on Mar 22, 2016 15:38:48 GMT
"• New railway line is been granted in planning which will increase value of the end product." Probably HS2, why should that increase the value as I doubt if there will be much demand from the residents of a "care village"? I suppose if you live in London you could ship your relatives 'up North', sell their London property and still visit them!
|
|
|
|
Post by savingstream on Mar 22, 2016 16:03:39 GMT
Smiley face was indeed forgotten... However, the point remains, if you don't want to invest in a piece of land with outline planning in place with a substantial and experienced borrower at an LTV of sub 40% for a 12% return, then perhaps P2P is not right for you. |
|
|
|
Post by Deleted on Mar 22, 2016 16:34:44 GMT
My concern would be with the value of the core asset during the building of HS2. Many properties in that area are now difficult to sell. Not for me I think Bobo - suggest you are perhaps looking to invest in the wrong place. Try here : www.money.co.uk/savings-accounts.htmSS you maybe right, I aim to maximise my overall yield taking into account all risk. If you offer "summit" with a touch of risk I have to balance it against loads of other opportunities both within P2P and without.  To amuse us all I note that a little known company partially owned by a model of the same name H##ton has, today, blxed up yet another building contract (twice on the same deal would you believe) in Leeds. The local LEP felt it had to step in when the H##ton contractor couldn't borrow the money for the build (yes I am talking about a large international hotel chain) so little Leeds LEP decided to lend (gift) 10% of the capital for the build to help out the multi-billionaires who own the chain. Anyway two failures (I wrote a different word) later and the LEP's money is all gone.  So if the H##ton chain can get it wrong a builder in Derby can get it wrong. At which point, half built asset value ~30-50% of cost (administrators  don't get wealthy by playing softball)  If I want risky business I expect 20 to 25%. So I sub-select your fine series of loans to pick the sweet ones. I have plenty of places I can earn 10 to 20% interest/capital gain and I don't want to find the place where I can earn 100% capital loss.  SS you do manage great loans,  but not all your loans are great. Duck, just to be clear, Derby is in the south and to us in God's own county is a suburb of London.
|
|
dovap
Member of DD Central
Posts: 467
Likes: 410
|
Post by dovap on Mar 22, 2016 17:09:35 GMT
Be nice to see the confirmation of OPP uploaded as the planning portal is lagging behind at 'awaiting decision'
|
|
|
|
Post by savingstream on Mar 22, 2016 17:39:10 GMT
Be nice to see the confirmation of OPP uploaded as the planning portal is lagging behind at 'awaiting decision' See attached. Just come through.
|
|
|
|
Post by yorkshireman on Mar 22, 2016 17:40:09 GMT
"• New railway line is been granted in planning which will increase value of the end product." Probably HS2, why should that increase the value as I doubt if there will be much demand from the residents of a "care village"? I suppose if you live in London you could ship your relatives 'up North', sell their London property and still visit them! Just another way of spreading London property prices to the Midlands!
|
|
|
|
Post by Deleted on Mar 30, 2016 16:10:45 GMT
Looks like this is going live tomorrow.
The document mentions 'new care village which will match Swadlincote's £20 million Oakland Village'.
Was the developer involved in the Oakland Village build ?
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Mar 30, 2016 16:28:51 GMT
Thanks for this BigAl. I am sure our other investors will appreciate your DD summaries. Looks like Cooling Dude has some competition. BigAl has eliminated all competition
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Mar 30, 2016 16:45:27 GMT
BigAl has eliminated all competition Or perhaps Terminated ?!
|
|
|
|
Post by supernumerary on Mar 30, 2016 16:55:59 GMT
Does anybody know whether the PBL090 loan, for the large house with OPP for care village, in Derby, for the FULL 365 days?
|
|
don't get wealthy by playing softball) 
