fp
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Post by fp on May 2, 2017 13:02:55 GMT
As fp notes, there is INPL to consider - only available on the PM. However, I see no reason to not invest via the SM; you'll have to balance the account anyway (via the SM you will have to do it first). I do wonder how this will fill when so much is on the SM. However, I have asked that question before and these tranches still seem to sell, despite the opportunity to buy on the SM. Not bothered about INPL, so I think I'll just grab another slice of the SM. I was thinking somebody might know something I don't hence the SM having this for sale while the tranche in the pipeline is presumably over funded several times over. Funny things, people. The loan is quite solid IMO,i'm still holding a reduced amount of this one, which I wouldn't normally at this few days remaining. Interestingly, another tranche to a loan was released recently and it was over subscribed, even though there was a good amount available on the secondary market
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Post by lendinglawyer on May 2, 2017 13:27:55 GMT
I've taken the opportunity to up my holding of this one recently and I plan to hold to the (hopefully not so bitter) end. While my plans have been known to change, both the security and the borrower look good to me so I won't be in a rush to exit.
EDIT: I have noticed however that sale queue is only about £5k if I hit sell whereas there is £19k of availability on the SM right now. I suspect that means a previous tranche either wasn't filled or was filled through INPL with the parts subsequently being cancelled on non-settlement of the resultant negative balance.
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star dust
Member of DD Central
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Post by star dust on May 3, 2017 10:42:20 GMT
Advance go-live email just received for Tranche 7 tomorrow 4th May.
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Post by lucky55los on May 3, 2017 11:08:25 GMT
On my pre funding page, it does not show the length of the loan for the new tranch..shows zero days..what am i missing?
Thanks.
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fp
Posts: 1,008
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Post by fp on May 3, 2017 11:12:17 GMT
On my pre funding page, it does not show the length of the loan for the new tranch..shows zero days..what am i missing? Thanks. It will be 85 days, same as the original loan and subsequent tranches
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Post by nanniema on May 4, 2017 15:29:43 GMT
Just gone live - Asked for and got a top up of £200. Was that the max?
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dermot
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Post by dermot on May 4, 2017 15:36:57 GMT
I asked for 400 and got 310 ...
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sirius
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Post by sirius on May 4, 2017 17:11:41 GMT
I asked for £1000 and got £310 too....so it looks like £310 was the max.
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mosaic
Member of DD Central
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Post by mosaic on May 4, 2017 17:14:02 GMT
Thousands available on the SM
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GeorgeT
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Post by GeorgeT on May 4, 2017 17:55:31 GMT
Thousands available on the SM Unsurprising really. I don't understand the logic behind putting new money into an old loan with only 80 or so days to run. It's already reaching its sell by date. Sometimes trouble knocks on your door but you don't want to send it an invitation.
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vmail
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Post by vmail on May 4, 2017 19:22:48 GMT
Gremlins again - I didn't pre fund and still got 310! Did you check your allocation yesterday? You may have a default prefund set so when a new prefund appears it will get allocated automatically.
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Post by swissbankers on May 11, 2017 21:52:19 GMT
I have been visiting Liverpool for a few days so had a wander past this morning. On the outside not much change since the pictures posted on here 1st March. I didn't see much activity though there were people on site. Here's a few photos    |
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username
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Post by username on Jun 4, 2017 10:21:46 GMT
New tranche of £164,608 about to go live. With £122,558 already on the secondary market, should be interesting to see how much gets prefunded...
I assume Lendy will provide an advance to the developers to avoid adversely affecting the build.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 4, 2017 11:30:17 GMT
New tranche of £164,608 about to go live. With £122,558 already on the secondary market, should be interesting to see how much gets prefunded... I assume Lendy will provide an advance to the developers to avoid adversely affecting the build. With that amount on the secondary market ,setting up a pre-fund and waiting to see what you get is a nonsense and surely nobody would do it when you can buy exactly the amount you want at anytime.
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elliotn
Member of DD Central
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Post by elliotn on Jun 4, 2017 15:35:10 GMT
New tranche of £164,608 about to go live. With £122,558 already on the secondary market, should be interesting to see how much gets prefunded... I assume Lendy will provide an advance to the developers to avoid adversely affecting the build. With that amount on the secondary market ,setting up a pre-fund and waiting to see what you get is a nonsense and surely nobody would do it when you can buy exactly the amount you want at anytime. This has come up before with speculation about investors getting a day or two's free interest off the remaining INPL on primary loans (some possibly selling loan parts from the same loan within 48 hrs to pay for it and not having to make bank transfers to buy on the SM). That trade seems to have run its course as the last two major development tranches had significant unfunded amounts dumped on to the already extensive SM queues.
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