fasty
Member of DD Central
Posts: 1,038 
Likes: 388
|
Post by fasty on May 2, 2014 13:49:37 GMT
Another Property Investment loan (6036); £115,300@8.5%, Cashback 2%, filled very quickly.
|
|
|
|
Post by davee39 on May 2, 2014 13:52:12 GMT
B***** , and I tend to check in every hour or so.
|
|
wysiati
Member of DD Central
Posts: 397
Likes: 86
|
Post by wysiati on May 2, 2014 14:34:19 GMT
B***** , and I tend to check in every hour or so. The top 10 bidders account for >£90k of the £115.3k total. If the loan completes and if users actually want any of the loan parts for ongoing exposure it seems likely that there will be a large quantity available at zero premium on the secondary market.
|
|
|
|
Post by aloanatlast on May 2, 2014 16:58:45 GMT
And only A rated in spite of the security? At 8.5% I wouldn't have bothered without the cashback.
And a lot less info this time. Unless I've missed it, we don't know what the property is or where it is or what the LTV is.
And they're paying off 5346, which is less than 2 months old. Can't help feeling this was anticipated.
|
|
jm72
Posts: 109
Likes: 2
|
Post by jm72 on May 2, 2014 17:31:00 GMT
And only A rated in spite of the security? At 8.5% I wouldn't have bothered without the cashback.
And a lot less info this time. Unless I've missed it, we don't know what the property is or where it is or what the LTV is.
And they're paying off 5346, which is less than 2 months old. Can't help feeling this was anticipated. But 5346 hasn't been downgraded - so if you're holding it, you could sell it for a profit, plus get the 2% cashback 
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on May 9, 2014 22:55:54 GMT
In case anyone missed it in the other place,
It appears that another property loan is expected "next week".
• A+ property development loan
• 7% fixed rate • 2% cashback
It doesn't sound all that appealing to me - although no doubt there will still be a stampede. Don't say you weren't warned. Opinions?
|
|
|
|
Post by GSV3MIaC on May 10, 2014 7:29:56 GMT
This new one being interest only .. Amortisation period .. Infinity. No, not as exciting as either of the first two. Plus a it's £400k plus, so I doubt it'll sell out fast even with the cash back. Property developer, so it's a punt on both the property bubble and some builder(s).
|
|
agent69
Member of DD Central
Posts: 5,625
Likes: 4,195
|
Post by agent69 on May 10, 2014 8:40:23 GMT
In case anyone missed it in the other place,
It appears that another property loan is expected "next week".
• A+ property development loan
• 7% fixed rate • 2% cashback
It doesn't sound all that appealing to me - although no doubt there will still be a stampede. Don't say you weren't warned. Opinions?
7% before fee I believe? Think I'll stick to RS at 5.9%
|
|
|
|
Post by davee39 on May 10, 2014 9:45:23 GMT
So 20,000 £20 Loan parts at par (or a discount) available once the loan is accepted. That will mess up calculations on the health of the secondary market.
With SavingStream offering 12% over six months and 0.5% cash-back (2 loans still available), or Wellesley offering good rates on a balanced portfolio, it does not look to be a give away. The saving grace is that Autobid will gradually chew away at the secondary market parts.
|
|
wysiati
Member of DD Central
Posts: 397
Likes: 86
|
Post by wysiati on May 10, 2014 12:31:34 GMT
With SavingStream offering 12% over six months and 0.5% cash-back (2 loans still available), or Wellesley offering good rates on a balanced portfolio, it does not look to be a give away. The saving grace is that Autobid will gradually chew away at the secondary market parts. It's 12% / yr on SS plus 0.5% cashback for pre-drawdown investments into selected loans.
|
|
wysiati
Member of DD Central
Posts: 397
Likes: 86
|
Post by wysiati on May 13, 2014 16:46:05 GMT
£400.5k A+ Property Development Loan # 6142 now live on the platform with a 2 week auction period.
|
|
|
|
Post by bracknellboy on May 13, 2014 17:34:33 GMT
£400.5k A+ Property Development Loan # 6142 now live on the platform with a 2 week auction period. 7% feels rather light, even with the proclaimed LTV.
|
|
|
|
Post by davee39 on May 13, 2014 18:53:11 GMT
£400.5k A+ Property Development Loan # 6142 now live on the platform with a 2 week auction period. 7% feels rather light, even with the proclaimed LTV. 90k Filled after three hours. Every autobidder over the next 18 months will be treated to a slice of this as the cashback is redeemed. Two more tranches to follow.
|
|
|
|
Post by GSV3MIaC on May 13, 2014 19:08:02 GMT
Read the Q&A first though...
|
|
baz657
Member of DD Central
Posts: 499
Likes: 187
|
Post by baz657 on May 13, 2014 23:59:18 GMT
Read the Q&A first though... Had a look but it's already gone from the list.
|
|
