ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
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Post by ozboy on Feb 13, 2017 17:39:20 GMT
I've not invested in this one yet and can't find any previous Topic so thought I'd start one.
Any observations/comments/warnings folks? It looks good to me.
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This is a further drawdown of £502,126 to fund ongoing costs of the M H development going live Tuesday 14/2/17.
This loan ranks equally with the initial loan, and will rank equally with future drawdowns, though subject to a maximum LTV of 59.5%.
Work proceeds on the development. Against the latest desktop valuation placing the current value of the security at £8,150,000, the current LTV (after B's first loss investment), is 50.3%.
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Post by sannytwist on Feb 13, 2017 17:50:26 GMT
Gonna spend a bit of time to do some DD, will post findings if anything weird comes up .
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Post by penguin on Feb 13, 2017 17:57:19 GMT
This being the 7th drawdown there are a number of threads going back on this site. I think it is fair to say that this loan is generally well regarded, however most lenders have already reached their max per loan allocation. If this is a new one for you, then it is certainly worth some DD time
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Feb 13, 2017 18:07:09 GMT
Thanks peng/san.
btw, anyone know of an efficient/effective method to identify all past topics/Threads on a particular Loan? Seems to me that with all the Platforms on this site they end up all over the place under varying "Titles" and it's difficult (for me anyway!) to pull them all together?
Maybe it's been suggested before but in the interests of introducing some sort of a "Standard", starting all New Postings with the official/proper Loan Reference Number would keep all comments under one roof for the life of the Loan?
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fp
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Post by fp on Feb 13, 2017 19:23:07 GMT
Thanks peng/san. btw, anyone know of an efficient/effective method to identify all past topics/Threads on a particular Loan? Seems to me that with all the Platforms on this site they end up all over the place under varying "Titles" and it's difficult (for me anyway!) to pull them all together? Maybe it's been suggested before but in the interests of introducing some sort of a "Standard", starting all New Postings with the official/proper Loan Reference Number would keep all comments under one roof for the life of the Loan? Try searching for the loan numbers for the previous tranches.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Feb 13, 2017 20:37:48 GMT
But that won't locate Topic/Thread headlines and/or message postings if there's no mention of the Loan number?
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dan83
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Post by dan83 on Feb 14, 2017 14:56:57 GMT
Why is there only 95% of this loan available?
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oldgrumpy
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Post by oldgrumpy on Feb 14, 2017 14:59:54 GMT
Broadoak take the first 5%, and if there is shortfall after default they lose that first.
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ganymede
Member of DD Central
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Post by ganymede on Feb 14, 2017 22:18:38 GMT
Just seen the Loans being repaid tomorrow, BPF562, BPF574 & BPF598 Sandbanks, so the funds are going to need a new home...
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Post by Deleted on Feb 14, 2017 23:16:06 GMT
Just seen the Loans being repaid tomorrow, BPF562, BPF574 & BPF598 Sandbanks, so the funds are going to need a new home... Cheers for the heads up, someone actually bought mine so it's just found a home in the latest Manchester tranche!
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investibod
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Post by investibod on Feb 15, 2017 9:17:57 GMT
Thanks. I only had a small bit in these loans, but that has now been sold off and moved north.
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guff
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Post by guff on Feb 15, 2017 9:46:59 GMT
But that won't locate Topic/Thread headlines and/or message postings if there's no mention of the Loan number? Try searching for ********** ****
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toast
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Post by toast on Feb 15, 2017 10:12:52 GMT
Just seen the Loans being repaid tomorrow, BPF562, BPF574 & BPF598 Sandbanks, so the funds are going to need a new home... Cheers for the heads up, someone actually bought mine so it's just found a home in the latest Manchester tranche! What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they?
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Post by Deleted on Feb 15, 2017 10:20:03 GMT
Cheers for the heads up, someone actually bought mine so it's just found a home in the latest Manchester tranche! What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they? I suspect there is little or no benefit toasty, but as there was availability on Manchester, I thought I'd try my luck, not convinced everyone is as clued up as those frequenting these boards .....
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SteveT
Member of DD Central
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Post by SteveT on Feb 15, 2017 10:22:39 GMT
What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they? I guess they're hoping repayment might be delayed, or haven't realised just how imminent the word "imminent" means. Either way, it's about as safe as P2P gets.
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