DFL012 H********* Quay, Liverpool DEFAULT (Partial Recovery

Well thanks for the lesson, oh wise one.

No chance, those loans are high class - and PBL178 and PBL179 are better still - I would argue the best there are. I've been hunting for more of them on the SM for days without success.

Unfortunately I feel there are a few investors who invest a lot of time and effort into extensive personal DD and resent slightly the fact that others who don't are receiving exactly the same returns and have, similarly, suffered no capital losses on the platform. I feel some people think doing a lot of DD should carry with it a bonus return. Unfortunately, it doesn't.

All I would add is a reminder of the LY defaults policy (below), updated just 3 months ago, which some may not have read recently. Loans cannot default while in + days and can only default between -1 and -179 days at LY's discretion. Therefore, common sense suggests that staying in long + days loans is the best form of risk mitigation. LY provide us with the SM so we can trade loan parts and skilful traders and strategists will achieve best outcomes - in my opinion.

.....and a couple of pairs of steel toe capped boots!!

With £272k already underwritten on this loan (SM availability minus SM queue) and with £819k available on the SM - how long will it take for this tranche to fill?

Personally, I'm up to my limit on this loan although I have no intention of selling it in the current climate. I think I have to see it through to term.

I am very tempted to add a little to help with the development but it would not do my diversity any good at all!

I must confess to being a bit confused regarding this loan.  It would appear to be relatively popular on this board, and yet it's the loan with by far the highest amount on the SM , currently over 800k.  I accept that a partial answer may lie in the fact that it's simply a very big loan of over 17m , but even so, if it's as sound as one would assume from this board, then there would be zero availability on the SM. I can't figure it out  

You'll get a percentage of people who aren't on the forum or who want to sell early regardless of perceived risk. I imagine most people who are happy to hold are already at their maximum exposure, so we are probably at the natural limit of the platform based on the current investors.

I drive past this place everyday on the way to work. I'm happy with the progress, admittedly I'm not sure it will be finished within 6 months but they maybe in a position to finance elsewhere by then.

Well past my individual loan limit on this one but not worried and more than happy to hold to term.

Presume Lendy will have to use underwriters to fill any prefund holes.