jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Dec 14, 2016 10:36:26 GMT
I haven't touched the footie ground; but I did consider it a few times.
Does this mean I've had a close encounter of the Turd kind? 
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elliotn
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Post by elliotn on Dec 14, 2016 11:15:35 GMT
I think the SS barge pole is fairly long, but pales into insignificance compared with the length and girth of the Rebs one! I'm equally invested in SS and MT. No question SS has its faults but being able to pre-fund loans at my leisure rather than having to rearrange my life for a 4pm sell off suits me well. Also on MT many of my loans are with the same people so I feel better diversified on SS. Not convinced to pick up my SS barge pole yet! Good points all. But presumably there are some SS loans you would not invest in. That is your inner barge pole speaking.
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fp
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Post by fp on Dec 14, 2016 11:31:01 GMT
My biggest (or second biggest) borrower on MT is also my biggest and bigger borrower on SS. Oh .... I hadn't picked up on any overlaps! In many cases there are quite a few loans on various platforms with the same borrower, the football stadium borrower has 17 different loans across MT and SS totalling just over £17,986,077 that I am aware of.
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jamesc
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Post by jamesc on Dec 14, 2016 11:37:14 GMT
Oh .... I hadn't picked up on any overlaps! There are quite a few loans on various platforms with the same borrower, the football stadium borrower has 17 different loans across MT and SS totalling just over £18m that I am aware of. Any chance of listing those 17 please ?
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david42
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Post by david42 on Dec 14, 2016 14:00:24 GMT
There are quite a few loans on various platforms with the same borrower, the football stadium borrower has 17 different loans across MT and SS totalling just over £18m that I am aware of. Any chance of listing those 17 please ? These are the 9 linked loans that I am aware of. I don't know how fp gets to 17 loans: MTAG554 - B*** Football Club - Tranche 1 of 5 MTAG555 - B*** Football Club - Tranche 2 of 5 MTAG306 - Development in B******* MTAG563 - B******* Land with Planning for Student Accommodation MTAG575 - B******* Land with Planning for Student Accommodation - Additional Advance DFL006 - Student Accommodation C****** DFL003 - Student accommodation block B, H*********** PBL135 - Student Accommodation Block A, H*********** PBL085 - Student accommodation block C, H*********** On Moneything I go by the initial letters which aim to show the borrower, and on SS I go by the borrower linking that ilmoro maintains in his useful index
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Dec 14, 2016 15:16:45 GMT
Any chance of listing those 17 please ? These are the 9 linked loans that I am aware of. I don't know how fp gets to 17 loans: MTAG554 - B*** Football Club - Tranche 1 of 5 MTAG555 - B*** Football Club - Tranche 2 of 5 MTAG306 - Development in B******* MTAG563 - B******* Land with Planning for Student Accommodation MTAG575 - B******* Land with Planning for Student Accommodation - Additional Advance DFL006 - Student Accommodation C****** DFL003 - Student accommodation block B, H*********** PBL135 - Student Accommodation Block A, H*********** PBL085 - Student accommodation block C, H*********** On Moneything I go by the initial letters which aim to show the borrower, and on SS I go by the borrower linking that ilmoro maintains in his useful indexMTAH loans are connected, so thats another 8 (principal on MTAG is/has been a director in several of the companies)
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Post by GSV3MIaC on Dec 14, 2016 16:07:07 GMT
/mod hat off
There are different degrees of "connectedness" .. 554/555 are basically the same loan (on SS they'd get rolled up into one, which is neater), the others are more loosely connected .. if you are happy with the asset cover it might not afright you that the borrowers are the same (or have the same director) .. but if any of the loans look like they need backing by directors' assets, then you would be rightly concerned when the assets turn out to be committed several times over.
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Post by dualinvestor on Dec 14, 2016 16:39:14 GMT
/mod hat off There are different degrees of "connectedness" .. 554/555 are basically the same loan (on SS they'd get rolled up into one, which is neater), the others are more loosely connected .. if you are happy with the asset cover it might not afright you that the borrowers are the same (or have the same director) .. but if any of the loans look like they need backing by directors' assets, then you would be rightly concerned when the assets turn out to be committed several times over. Some platforms have a high exposure to a informal group of borrowers with historical connections. As well as past/present personal relationships they have geographical and sector similarities too. Whilst most of the loans are, currently, at expected LTVs within themselves they are largely development loan relationships. It would be well to be aware of the possible cross contagion problems should individual loan(s) get into dificulties.
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fp
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Post by fp on Dec 14, 2016 21:33:24 GMT
/mod hat off There are different degrees of "connectedness" .. 554/555 are basically the same loan (on SS they'd get rolled up into one, which is neater), the others are more loosely connected .. if you are happy with the asset cover it might not afright you that the borrowers are the same (or have the same director) .. but if any of the loans look like they need backing by directors' assets, then you would be rightly concerned when the assets turn out to be committed several times over. its surprising what links you can find, a recent purchaser of a house in Pxxxxxxxx had his registered office in a cxxxxx in the not too distant past, its sometimes difficult to decide where to draw the line.
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Post by Deleted on Dec 17, 2016 17:20:11 GMT
And the run of amazing results continues...
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hazellend
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Post by hazellend on Dec 18, 2016 9:50:09 GMT
LTV very low. That is why there is none of this loan available on the secondary market.
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Post by GSV3MIaC on Dec 18, 2016 9:54:54 GMT
Actually there's none of anything other SM.
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agent69
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Post by agent69 on Dec 18, 2016 12:29:38 GMT
Does anyone know how finances at football clubs work?
When they go bust (for example Glasgow Rangers) they appear able to shift all their assets to a newco and leave all the debt behind. Is it possible the assets behind this loan could go in a similar direction?
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Liz
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Post by Liz on Dec 18, 2016 16:01:33 GMT
Does anyone know how finances at football clubs work? When they go bust (for example Glasgow Rangers) they appear able to shift all their assets to a newco and leave all the debt behind. Is it possible the assets behind this loan could go in a similar direction? I don't suppose that there would be much demand for the stadium from another football club, I don't think you could move it either! Players always seem to get paid before everyone else, so a lot of money would go paying their contracts off.
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Liz
Member of DD Central
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Post by Liz on Dec 18, 2016 16:10:55 GMT
Are we allowed to know which club this loan is going to? Not on the forum as that IDs the borrower. If youre an MT member the identity of the club is given in the write up for the Bradford loan MTAG306 Merry christmas.
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