|
|
Post by Ace on Feb 13, 2020 13:38:43 GMT
Too late, already fully funded. Ahh so I see. I only registered on the site a couple of days ago to check them out. I saw good feedback here from yourself and others. Is take up always this quick and did you invest in thread one? Yes, I did make an investment in this one. Though I also missed out on my full intended amount as I had some questions about the investment structure to uown that were still outstanding, so was waiting for an answer before committing more. No, I've never seen uown deals fund so quickly. Some have dragged on for months. Looks like they're becoming more popular. Hopefully uown will still answer our questions, despite no longer needing our funds. Given the popularity of this deal they may well be looking for more funds soon, so keeping investors on side would seem sensible.
|
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Uown
Feb 13, 2020 13:54:23 GMT
Post by Greenwood2 on Feb 13, 2020 13:54:23 GMT
Ahh so I see. I only registered on the site a couple of days ago to check them out. I saw good feedback here from yourself and others. Is take up always this quick and did you invest in thread one? Yes, I did make an investment in this one. Though I also missed out on my full intended amount as I had some questions about the investment structure to uown that were still outstanding, so was waiting for an answer before committing more. No, I've never seen uown deals fund so quickly. Some have dragged on for months. Looks like they're becoming more popular. Hopefully uown will still answer our questions, despite no longer needing our funds. Given the popularity of this deal they may well be looking for more funds soon, so keeping investors on side would seem sensible. It would have to fill quickly if it's only for six months and the funds are needed now. Perhaps they had sourced a chunk of funding in advance or funded a chunk themselves.
|
|
Ukmikk
Member of DD Central
Posts: 452 
Likes: 306
|
Uown
Feb 13, 2020 14:22:17 GMT
via mobile
Ace likes this
Post by Ukmikk on Feb 13, 2020 14:22:17 GMT
Ahh so I see. I only registered on the site a couple of days ago to check them out. I saw good feedback here from yourself and others. Is take up always this quick and did you invest in thread one? Yes, I did make an investment in this one. Though I also missed out on my full intended amount as I had some questions about the investment structure to uown that were still outstanding, so was waiting for an answer before committing more. No, I've never seen uown deals fund so quickly. Some have dragged on for months. Looks like they're becoming more popular. Hopefully uown will still answer our questions, despite no longer needing our funds. Given the popularity of this deal they may well be looking for more funds soon, so keeping investors on side would seem sensible. I see, thanks. I'll have to keep an eye out in future then. Good luck with the loan, looks like a winner if it delivers.
|
|
|
|
Uown
Feb 13, 2020 16:57:34 GMT
Ace likes this
Post by uown on Feb 13, 2020 16:57:34 GMT
Yes, I did make an investment in this one. Though I also missed out on my full intended amount as I had some questions about the investment structure to uown that were still outstanding, so was waiting for an answer before committing more. No, I've never seen uown deals fund so quickly. Some have dragged on for months. Looks like they're becoming more popular. Hopefully uown will still answer our questions, despite no longer needing our funds. Given the popularity of this deal they may well be looking for more funds soon, so keeping investors on side would seem sensible. It would have to fill quickly if it's only for six months and the funds are needed now. Perhaps they had sourced a chunk of funding in advance or funded a chunk themselves. Hi, We didn't have any money lined up or ready for this one. It filled up fast and all from existing and new investors. Historically when we have been doing big raises for developments we will average around 200-250 k a month, we expected Holbeck to be similar. We ended up funding 200k in one day, which was a real pleasant surprise for us. We like to think that our popularity is increasing and we are gaining traction as a business because of the good work we are doing for our investors. Ace is there a specific question you have re the structure of the deal? As always thanks for the support P2P. We are working hard on getting these deals over the line now. Best,
|
|
|
|
Post by Ace on Feb 13, 2020 17:11:09 GMT
It would have to fill quickly if it's only for six months and the funds are needed now. Perhaps they had sourced a chunk of funding in advance or funded a chunk themselves. Hi, We didn't have any money lined up or ready for this one. It filled up fast and all from existing and new investors. Historically when we have been doing big raises for developments we will average around 200-250 k a month, we expected Holbeck to be similar. We ended up funding 200k in one day, which was a real pleasant surprise for us. We like to think that our popularity is increasing and we are gaining traction as a business because of the good work we are doing for our investors. Ace is there a specific question you have re the structure of the deal? As always thanks for the support P2P. We are working hard on getting these deals over the line now. Best, Thanks for replying. Yes here's a copy of the investment structure question that I sent via email. It's probably worth answering here as I may not be the only one who doesn't fully understand: " It still isn't completely clear to me as to exactly how the investment is structured. In particular I would like to know if uowners effectively own a fixed number of shares in the SPV, and would therefore be entitled to a fixed percentage of any gross profit, or whether they are paid a fixed fee of £32k from the gross profit.
The info provided makes it clear that if the forecast gross profit of £151,659 is achieved then uowners would receive £32k of that (£25,920 net).
If a different gross profit was achieved due to cost overruns or different prices being achieved for the apartments I am unable to understand how this would effect the uowner's returns. I.e. I am unable to perform a sensitivity analysis to help me understand the risk. Perhaps you would be so kind as to show me a couple of worked examples for how to calculate the uowner's returns for say a £140,000 gross profit and a £160,000 gross profit.
I'd be more than happy to do this myself if the necessary information is available somewhere but I was unable to find it." Thanks in advance.
|
|
|
|
Uown
Feb 24, 2020 11:05:48 GMT
Ace likes this
Post by uown on Feb 24, 2020 11:05:48 GMT
Hi AceJust thought we would share what we discussed in our email here. The returns on this project will be paid as a fixed £32k, rather than a profit share that varies with the amount of profit made. This is similar to our Bakery project where the return was fixed at 15%. We like to list a mixture of fixed return projects, and projects with a pure profit share. Out of curiosity, which do you guys prefer? |
|
|
|
Uown
Feb 24, 2020 13:26:53 GMT
uown likes this
Post by Ace on Feb 24, 2020 13:26:53 GMT
Hi Ace Just thought we would share what we discussed in our email here. The returns on this project will be paid as a fixed £32k, rather than a profit share that varies with the amount of profit made. This is similar to our Bakery project where the return was fixed at 15%. We like to list a mixture of fixed return projects, and projects with a pure profit share. Out of curiosity, which do you guys prefer? Thanks for replying uown , I agree that it's better to post answers here where possible. I certainly enjoy and benefit from other's questions and answers. I would suggest that it would be beneficial to distinguish between fixed return and profit share projects more clearly on the website/app. Personally I'm happy to invest in either type depending on each project's merits. If both types were available when I only had sufficient funds to invest in one I would probably marginally favour the profit share type, assuming it had a higher likely return, but again, it would ultimately depend on each project's merits.
|
|
Nomad
Member of DD Central
Posts: 755
Likes: 513
|
Uown
Dec 15, 2020 13:55:27 GMT
Post by Nomad on Dec 15, 2020 13:55:27 GMT
Interesting email received today re imminent changes to their business model. However, "We will continue trying to do what we do best, connecting investors with opportunities to invest into the property market."
|
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Uown
Dec 15, 2020 20:16:17 GMT
Post by Greenwood2 on Dec 15, 2020 20:16:17 GMT
Interesting email received today re imminent changes to their business model. However, "We will continue trying to do what we do best, connecting investors with opportunities to invest into the property market." How is this going to affect things, like selling? I quite like Uown, but the future seems pretty unclear and we all know what has happened with other platforms.
|
|
Nomad
Member of DD Central
Posts: 755
Likes: 513
|
Uown
Dec 23, 2020 10:00:29 GMT
Post by Nomad on Dec 23, 2020 10:00:29 GMT
Interesting email received today re imminent changes to their business model. However, "We will continue trying to do what we do best, connecting investors with opportunities to invest into the property market." How is this going to affect things, like selling? I quite like Uown, but the future seems pretty unclear and we all know what has happened with other platforms. Further email today - "materially your position hasn't changed except we are no longer able to provide exit via the resale market. You will continue to earn rental income as before and developments will conclude and pay out as previously planned."
|
|
|
|
Post by scookey on Dec 23, 2020 10:57:12 GMT
So if money is in one of the build-it projects, when that project is completed & sold on then we can take our money out or reinvest it in another project, but if money is in a rent-it project then it's stuck in there earning (at the moment) a reasonable rate of interest until UOWN decide to sell that building on & give us our money back - I think that sums it up, or have I misunderstood that  |
|
djpix99
Member of DD Central
Posts: 115
Likes: 62
|
Uown
Dec 23, 2020 11:02:09 GMT
Post by djpix99 on Dec 23, 2020 11:02:09 GMT
That's how i've read it.
Just glad the updates a still reasonably positive compared to a number of p2p platforms i'm invested in.
|
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Uown
Dec 23, 2020 11:26:19 GMT
Post by Greenwood2 on Dec 23, 2020 11:26:19 GMT
Can they just become unregulated without giving us the option of withdrawing our funds?
|
|
