dermot
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Post by dermot on May 31, 2017 19:04:48 GMT
OP updated: Added: PBL - Stinchcombe, Gloucestershire PBL - Kidlington, Oxon DFL005 - Tranche 10 - Paignton Absent PBL numbers received and the above all go live tomorrow I'm familiar with the Oxon one, cycling and driving past there from time to time. So long as the property is in half decent nick (though I note some asbestos roofing to the rear), I wouldn't anticipate any real difficulty selling. The relatively new rail station and service has made it even more popular than it was. Personally, the traffic is too damn heavy, but properties generally sell quite quickly there. Pity it's only 8%, not really enough to get me excited, but I'd be comfortable putting some cash in otherwise.
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twoheads
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Programming
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Post by twoheads on Jun 1, 2017 17:46:39 GMT
Well, at least there's a new 1 year, 12% DFL in the pipeline: Buxton, Derbyshire.
Initial loan only £603k but on a security valued (by Lendy) at £3.15M. Initial LTV quoted as 19%. This loan looks like ending up around £2.2M in the end according to the overview.
EDIT: Unfortunately, the links to the VR are not working (savingstream , Lendy Support , Paul64 ).
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GeorgeT
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Post by GeorgeT on Jun 6, 2017 11:17:43 GMT
Oh dear.oh dear oh dear. Only 183 days. And only 8%. Only invest if you want to keep it. The only thing in the loan's favour is it small size. Thank the heavens for Buxton and Norfolk/suffolk.
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twoheads
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Post by twoheads on Jun 7, 2017 9:34:06 GMT
New DFL DFL - Derby SECURITY VALUE £7,730,000 LOAN VALUE £594,955 LOAN TO VALUE 8% REMAINING TIME 365 days ANNUAL RATE 12% Looks like a typical DFL - it will most certainly overrun the 1 year timescale.
Seems a shame to knock the chapel down.
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Post by p2plender on Jun 7, 2017 9:41:57 GMT
Oh dear.oh dear oh dear. Only 183 days. And only 8%. Only invest if you want to keep it. The only thing in the loan's favour is it small size. Thank the heavens for Buxton and Norfolk/suffolk. Keep the loan or keep the building?
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jcb208
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Post by jcb208 on Jun 8, 2017 16:25:25 GMT
PBL187 PBL186 PBL185 PBL184 PBL183 All drewdown sometime today (I think - can't see no mention of it) Very early before 8 am
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lobster
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Post by lobster on Jun 14, 2017 20:44:19 GMT
DFL012 - Tranche 8 DFL019 - Tranche 1 DFL024 - Tranche 3 All going live tomorrow Good luck with that LY It won't need luck - it'll need a goddam miracle. There's already a cool 326k available for DFL019 on the SM , and Lendy are about to bung on a further 1.13 million ? Over to DFL012 now where there is a monstrous 756k available and Lendy are going to vomit on a further 271k ? Not good, not good at all. Any chance of a few decent sized repayments ? Thought not ....... I really really really do not like the smell of this.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 14, 2017 20:49:44 GMT
Get while the gettin's good!
Oh, wait a minute, the SM's stuck isn't it?
Oh Dear.
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hazellend
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Post by hazellend on Jun 14, 2017 22:27:20 GMT
A lot of people learning some important lessons the hard way here it seems.
Have to say I don't really get the consternation. So you hold your loan to the end, no big deal.
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Post by GSV3MIaC on Jun 15, 2017 9:48:32 GMT
'The End'? That'll work, as long as you are currently a teenager. 8>.
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Post by brummiefred on Jun 15, 2017 10:32:50 GMT
Previously overdue Purley 139 now repaid, well done
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mary
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Post by mary on Jun 26, 2017 17:24:02 GMT
New PBL for £276K at 12% (66% LTV) 12%!!!
What's the catch? Would have expected 8/9% based on recent form.
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GeorgeT
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Post by GeorgeT on Jun 26, 2017 17:43:49 GMT
Only a 183 day term is a big downer. I'm eliminating anything sub 200 days as part of my risk management strategy. On the upside, it's so small that it should remain liquid for a few months but on the downside we will only get about £200 - £250 each and so I have to ask myself whether it's worth the bother. I think I'll pass. It would be one more loan for me to manage and doesn't tick all my boxes.
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GeorgeT
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Post by GeorgeT on Jun 26, 2017 23:26:43 GMT
Doing DD on this one seems a bit pointless to me.
Say £250 allocation at 12% and you hold to term end. That's still only £15 interest to be gained. Not worth the effort really unless you enjoy doing due diligence as a sort of hobby.
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GeorgeT
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Post by GeorgeT on Jun 26, 2017 23:39:35 GMT
Doing DD on this one seems a bit pointless to me. Say £250 allocation at 12% and you hold to term end. That's still only £15 interest to be gained. Not worth the effort really unless you enjoy doing due diligence as a sort of hobby. What about carrying out DD as an insight into LYs in-house DD process - you don't think that is important? I agree that's a valid argument in terms of it being an evolution of background knowledge and keeping your finger on the bigger pulse, but probably we already know enough about the robustness of LY's in-house DD process. I used to take a slight interest but not any more. Nowadays I take a general, pessimistic view towards the outcome of every loan in that I'd rather not be invested in any of them as they approach term end. Even though some loans and exit strategies are obviously better than others.
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