SteveT
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Post by SteveT on Nov 7, 2016 8:18:09 GMT
fundingsecure, the positive step of using underwriters to close out slow-filling renewal loans is clearly working, but application of the policy seems variable. Why is the Warminster renewal yet to be underwritten (over 50% filled with £475k to go) when the Llandudno renewal was underwritten more or less immediately (only 30% filled with some £900k to go)?
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Post by reeknralf on Nov 7, 2016 8:54:55 GMT
Presumably because the hotel was deemed to be unlikely to fill without underwriters. I know which one of the two I'd rather have my money in.
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kaya
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Post by kaya on Nov 7, 2016 13:58:18 GMT
Pardon my ignorance, but please give me a basic lesson someone. Who/what exactly are 'underwriters'? From whence comes the dosh? Who is it that is willing to take on the risk?
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SteveT
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Post by SteveT on Nov 7, 2016 14:26:15 GMT
Pardon my ignorance, but please give me a basic lesson someone. Who/what exactly are 'underwriters'? From whence comes the dosh? Who is it that is willing to take on the risk? This explains all: p2pindependentforum.com/post/3483/thread
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kaya
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Post by kaya on Nov 8, 2016 10:14:19 GMT
With respect, not really. Just HNW individuals then? Companies? Corporations? Whooooooo are they?
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SteveT
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Post by SteveT on Nov 8, 2016 10:39:57 GMT
People with plenty of money who are looking to make more of it. I know there are a small number of forum members that have acted / act as underwriters on AC but it's not for me to name them (some have posted about it).
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