registerme
Member of DD Central
Posts: 6,624 
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Post by registerme on May 7, 2016 11:10:43 GMT
Some of the questions from last year (which got back to August 2015) state that the loan was originally presented with an 11% yield. It now has a yield of 10%. Was the loan pulled and then re-offered? Is this a later stage investment / tranche, and so seen as less risky? I'm trying to get my head round the history....
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Post by mrclondon on May 7, 2016 11:28:46 GMT
It was originally presented as loan #196 for £950k @ 11% on the list of loans awaiting drawdown (which never happened). This was as far as I can recall before development had started, and before many (any ?) pre-sales had occurred.
Given the reduction in both loan size and risk now that the development is under way with pre-sales secured, the 1% drop in yield seems reasonable IMO.
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Post by mrclondon on Dec 19, 2016 19:33:29 GMT
Loan #276 (£450k) redeemed last month just a week beyond the intended maturity date, with the monthly repayments always met ontime.
They are back for a new loan of £810k @ 9% (#393) secured against later phases of the same development, once again with pre-sales for at least some of the units already in the bag.
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Post by Butch Cassidy on Dec 21, 2016 11:31:25 GMT
In desperation to absorb excess funds before the Xmas & New Year period I just got £354.69 (max allocation) on this because whilst 9% is not great it's much better than 3.75%; still not much use to MLIA investors who prefer to invest larger amounts in fewer loans, (I also got the max allocation of £87.33/£215k on #390 - 9% on 2 x West London Flats) so my continued slow withdrawal from AC will be maintained for the foreseeable future as the investment opportunities no longer match the DD effort & simply can't compete with offerings from rival platforms.
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