cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Feb 9, 2017 18:00:36 GMT
LIVE LOAN
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| ------------------ | ------------------
| ------------------
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| @ 1st Tranche
10/02/17
| @ 2nd Tranche
28/02/17
| @ 3rd Tranche >TBC<
| | Loan Amount | : | £ | 469,633
| 632,189 |
| | Gross Dev. Value | : | £ | 1,600,000 | 1,600,000
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| | SS Indicated LTGV | : |
| 29% | 40% |
| Current Value
| : | £ | 800,000 | 800,000 |
| Current LTV
| : |
| 60% | 79% |
| | 90 Day Market Valuation | : | £ | 680,000
| 680,000
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| | LTV Based on 90 day MV | : |
| 70% | 93% |
| | Term | : |
| 273 days | 255 days |
| % PA
| : |
| 8% | 8%
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Feb 9, 2017 18:11:27 GMT
Too many 8% loans coming on for my liking!
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adrianc
Member of DD Central
Posts: 9,978
Likes: 5,131
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Post by adrianc on Feb 9, 2017 18:22:21 GMT
Too many 8% loans coming on for my liking! I'd not be unhappy with the rate if the risk fit it nicely. As for this one... The val doc doesn't mention that, lovely building and views notwithstanding, it's not the most - umm - sensually relaxing of holiday locations. If you look at the aerial shots, you'll see some industrial chicken sheds ENE. There are more now in the fields immediately SW, not shown on the google satellite pics (which are coming up to four years old if they're contemporaneous with the ones of our house, a handful of miles away as the crow flies). One of the nearer neighbours is the operational base of the local septic tank emptiers. The oval worn in the field just E is the local grasstrack motorsports course. It's a whiffy and occasionally loud location, even ignoring what passes for a very busy road in this neck of the woods, the main trunk to points west. Let's just say that I'm not terribly tempted, and I'm not sure the rate is the main reason.
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Post by d_saver on Feb 9, 2017 18:23:58 GMT
Just taking a quick look at this one.
Description states
"The first tranche of the loan will be used to repay an existing charge over the property.
Further tranches"
But I can't see anywhere where the expected total including all tranches is stated.
Don't they normally state, 'this is first tranche in a facility of X', etc?
Thanks.
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jsmithe
Member of DD Central
Posts: 74
Likes: 22
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Post by jsmithe on Feb 9, 2017 18:26:24 GMT
It is 8% (not 12%)! PIPELINE LOAN - Due To Go Live Soon
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| ------------------ | ------------------
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| @ 1st Tranche
TBD
| @ 2nd Tranche
TBD
| | Loan Amount | : | £ | 469,633
| | | Gross Dev. Value | : | £ | 1,600,000 |
| | SS Indicated LTGV | : |
| 29% | | Current Value
| : | £ | 800,000 | | Current LTV
| : |
| 60% |
| | 90 Day Market Valuation | : | £ | 680,000
|
| | LTV Based on 90 day MV | : |
| 70% |
| | Term | : |
| 273 days | | % PA
| : |
| 12% |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Feb 9, 2017 18:27:26 GMT
Just taking a quick look at this one. Description states "The first tranche of the loan will be used to repay an existing charge over the property. Further tranches" But I can't see anywhere where the expected total including all tranches is stated. Don't they normally state, 'this is first tranche in a facility of X', etc? Thanks. SS are not so open about what the 'ultimate' LTGV is, but in this case, we have a present (although, maybe not intentional...) From the VR, the full loan amount is noted to be £1,041,000 which will mean an ultimate LTGV of 65% jsmithe - Fixed 
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Feb 10, 2017 12:33:18 GMT
LIVE > Allocation please (for anyone who pre-funded more than 0!)  |
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ganymede
Member of DD Central
Posts: 304
Likes: 211
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Post by ganymede on Feb 10, 2017 13:29:31 GMT
LIVE > Allocation please (for anyone who pre-funded more than 0!) We might start to need volunteers to pre-fund then sell these loans if we want to see the allocations.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Feb 10, 2017 13:38:33 GMT
LIVE > Allocation please (for anyone who pre-funded more than 0!) We might start to need volunteers to pre-fund then sell these loans if we want to see the allocations. That's a good idea I volunteer adrianc
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Post by loftankerman on Feb 10, 2017 13:40:26 GMT
I prefunded £500 and received it.
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toffeeboy
Member of DD Central
Posts: 538
Likes: 385
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Post by toffeeboy on Feb 10, 2017 13:46:38 GMT
Interesting to see so few of the lenders who frequent this forum lending on the most recent loans, I stayed well clear of the most recent few except the second tranche of DFL012.
I vote ozboy to contribute to every loan to let us know what the maximum is 
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will
Member of DD Central
Posts: 98
Likes: 57
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Post by will on Feb 10, 2017 13:52:17 GMT
£850... I forgot to turn off prefunding. I'll sell it on Monday!
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Feb 10, 2017 14:14:21 GMT
We'll have to have a whip-round on the 8-9%ers for allocation discovery given the savvy investors on this forum 😎 (alt. I feel a poll coming on - toffee/ozboy, it's not gonna be pretty!)
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adrianc
Member of DD Central
Posts: 9,978
Likes: 5,131
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Post by adrianc on Feb 10, 2017 14:17:13 GMT
We might start to need volunteers to pre-fund then sell these loans if we want to see the allocations. That's a good idea I volunteer adrianc Gee, thanks. Mate...
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Feb 10, 2017 14:41:06 GMT
"I vote ozboy to contribute to every loan to let us know what the maximum is" - You're a Cheeky Boy toffeeboy, but I like you  And you're just naughty elliottm  Unfortunately, I do what I say, and yes you won't see O***y as an Investor. My heels are clean and SS can only see the back of them. Please keep buying my Loan Parts btw peeps.
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