nick
Member of DD Central
Posts: 1,056 
Likes: 825
|
Post by nick on Feb 27, 2017 22:37:36 GMT
I too have decided to stick my toe in the water with PC, in the hope of good things to come. Registration process (as a UK individual) proved about as simple as I've encountered. Loan documentation looks pretty good, although the Bond Instrument download was "fully redacted", presumably kept confidential until an investor has bought in? I haven't bought into this loan yet and originally had issues downloading/viewing the Bond Instrument pdf in Chrome (I could only see the first page), but could view all 11 pages when using MS Edge. I assume my Chrome PDF reader is at fault - maybe you had a similar issue..........
|
|
|
|
Post by charles on Feb 28, 2017 16:41:32 GMT
Some exciting news to share with everyone here on P2P Independent Forum: Dear Investor, We are pleased to announce that investors in our recently-closed deal - offering an annualised 11.2% yield via exposure to a senior debt position secured against a Grade II Listed asset in Greater London - will have their bonds redeemed early next week due to the underlying borrower having repaid the loan early. Investors will receive the pro-rata interest due to 5 April 2017 upon redemption, which translates into an exceptional annualised return of 27.4% over their investment term - more than double the original projected IRR. This welcome enhanced return highlights the strength of our model, which involves partnering with experienced principal lenders in order to offer institutional grade investment opportunities that deliver superior risk-adjusted returns. Once the bond is formally redeemed, the proceeds will be available next week in your Property Crowd dashboard for withdrawal or reinvestment into other Property Crowd deals. This includes the deal that we currently have open for investment, which offers an attractive risk-adjusted return profile similar to the one being redeemed early -- an annualised yield of 12% on senior debt secured against a prime asset in the heart of Liverpool's iconic waterfront, which is a UNESCO World Heritage Site.The total raise for this deal is now £844K as the Principal Lender has elected to retain a larger proportion of the loan facility. Our first deal was fully funded in a fraction of the time that we had allowed for and we have every reason to believe the same will hold true here. Keep in mind that all funds received by 1 March 2017 will start to accrue interest from this date. You can access our deal room here. Kind regards, The team at Property Crowd Happy to report that investors in our first deal will be receiving their money back today, ahead of schedule (see above), and just in time for the first close of our Liverpool deal -- offering an annualised yield of 12% on senior debt secured against a prime asset in the heart of Liverpool's iconic waterfront (a UNESCO World Heritage Site). Please register here for more details.
|
|
|
|
Post by charles on Mar 1, 2017 15:53:29 GMT
charles - what would PC's expectations be around the time taken for the registration and onboarding of a corporate account, please? Reason for asking is that I first registered my company on Monday and had the two email address confirmations at around 11:00am, but since then I have heard nothing via email - checked spam etc - and when logging in I have the same '3 minutes remaining' message as was shown on Monday. Appreciate verification can take longer for a corporate entity than a private individual, but was wondering if 48hrs-and-counting was aligned with PC's expectations or whether something, somewhere needs to be kicked?  Hi @new2p2p , As you suspected, corporate entities certainly take more time to onboard than individual clients, which I'm sure you will appreciate -- the process is simply not as straightforward. I've asked my colleagues to look into the issue, and I've been told that it should be resolved shortly. So consider me kicked! If you ever need anything else in future, please feel free to reach out to me via this forum, drop us an email at info@propertycrowd.com or give us a ring at 020 7183 6909. Thank you for your interest and support, and a very warm welcome to Property Crowd! Regards, Charles
|
|
|
|
Post by charles on Mar 1, 2017 18:22:06 GMT
Hi fellow P2P Forum-ers, Happy Beer Day! (see link to wikipedia page) Seeing as it is 1st of March, just wanted to say our Liverpool deal has reached its first close with over £580k of a possible £844k funded. We have set the second and final close for 22 March 2017, but with just £260k of allocation remaining, it is possible this could be brought forward if/when we are fully funded before then (so your money will start accruing interest even sooner). Now that's worth drinking to. Kind regards, Charles |
|
|
|
Post by charles on Mar 3, 2017 12:10:23 GMT
Dear fellow investors of P2P Forum, We completed the first close of the Liverpool Bond issue on Wednesday (1st March) with subscriptions of over £550k vs. a total raise of £844k. The second close was originally scheduled for three weeks later, however, due to the strong demand we’ve since observed, there is now just £200k of allocation remaining, and we have therefore brought the final close forward to next Wednesday, the 8th of March (coincidentally, International Women’s Day). So if anyone would like to subscribe for this issue, you will need to ensure that cleared funds are received by our Custodian no later than 4pm on 8th March 2017. As always, please consider your investment carefully, but act quickly. Happy investing! Kind regards, Charles |
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
Post by hantsowl on Mar 3, 2017 21:12:38 GMT
Hello fellow P2P investors and Happy Monday to everyone! Without wanting to be overly promotional, I would simply like to alert everyone to our existence. Property Crowd ( www.propertycrowd.com) was founded in 2014 but re-launched in January this year. We focus on institutional grade real estate-backed deals, for a professional/sophisticated investor audience, hence our £5,000 investment minimum. Register on our website to find out more, read my articles if you're interested in the sector, or feel free to drop me a message if you have any queries. Regards, Charles Hi. Prior to your relaunch in January, what was your focus since you were founded in 2014? What was your business model and the reason for the change of focus? I am trying to get an idea of your experience and how you got to your current model.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
|
Post by ilmoro on Mar 3, 2017 22:52:09 GMT
Hello fellow P2P investors and Happy Monday to everyone! Without wanting to be overly promotional, I would simply like to alert everyone to our existence. Property Crowd ( www.propertycrowd.com) was founded in 2014 but re-launched in January this year. We focus on institutional grade real estate-backed deals, for a professional/sophisticated investor audience, hence our £5,000 investment minimum. Register on our website to find out more, read my articles if you're interested in the sector, or feel free to drop me a message if you have any queries. Regards, Charles Hi. Prior to your relaunch in January, what was your focus since you were founded in 2014? What was your business model and the reason for the change of focus? I am trying to get an idea of your experience and how you got to your current model. One thing to note is that Property Crowd was taken over by the current owners last year and that is probably one thing that has led to the shift towards the current model. They have some very interesting plans when it comes to property lending. Look up Prop-x.
|
|
|
|
Post by charles on Mar 4, 2017 7:40:50 GMT
Hi. Prior to your relaunch in January, what was your focus since you were founded in 2014? What was your business model and the reason for the change of focus? I am trying to get an idea of your experience and how you got to your current model. One thing to note is that Property Crowd was taken over by the current owners last year and that is probably one thing that has led to the shift towards the current model. They have some very interesting plans when it comes to property lending. Look up Prop-x. Thanks ilmoro , you're absolutely right. We do have some exciting plans, and that's part of the reason I'm out here in Singapore while the rest of the core team are London-based. It's still early days, but I will be sure to keep everyone posted on any progress. With regards to your question, hantsowl , Global Alternatives acquired Property Crowd in early 2016 as we recognised the value of the platform to the overall business. We haven't changed its focus, but rather, have re-emphasised our commitment to quality -- of our principal lenders, of their borrowers, of the underlying assets, and of our own crowd investor base. With regards to the team's experience, could I please refer you to the bios on our Global Alternatives site -- alternatives.exchange/teamKind regards, Charles
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Mar 4, 2017 12:12:15 GMT
charles, how is your pipeline looking for further similar deals? Anything likely to appear in the next week or two? Thanks
|
|
|
|
Post by charles on Mar 4, 2017 13:11:49 GMT
charles , how is your pipeline looking for further similar deals? Anything likely to appear in the next week or two? Thanks Hi SteveT, Although we are not in a position to categorically confirm yet, with our current deal closing on Wednesday the 8th of March, I would expect the next deal to be launched for crowdfunding later in the week. Oh, and just one more thing... we hope to make this deal available through a tax-efficient IFISA as well. Regards, Charles
|
|
|
|
Post by charles on Mar 4, 2017 14:21:34 GMT
IFISA or not, £5000 initial deposit and just one deal a week in the last few weeks is a bit of a rejection of the diversity rule. How long until we can expect a regular two or three deals a week? Hi paul123, thanks for your feedback. Just wanted to firstly clarify that the £5000 figure is the minimum investment amount rather than an 'initial deposit'. As for your comment about the rate of deal flow, I would point out that our institutional focus means that our deals will typically involve raising a seven-figure sum as part of a larger senior debt tranche secured against an investment-grade asset. As such, we will naturally be offering a lower frequency of new deals at this early stage, unlike other platforms who may offer £50k - £100k participation in a junior/mezzanine debt tranche secured against a lower quality asset. I appreciate your need for diversification and would ask for your patience as we ramp up. As Property Crowd acquires more investors, we will consequently be able to offer more deals, more often. Kind regards, Charles
|
|
mrflush
Member of DD Central
This is not me
Posts: 98
Likes: 40
|
Post by mrflush on Mar 6, 2017 14:08:47 GMT
Just got off the phone myself, after a very speedy call back from Ruth, as my dashboard has emptied itself. Apparently there should be a pop-up displayed (which isn't working).
|
|
|
|
Post by charles on Mar 6, 2017 16:22:35 GMT
Dear mrflush & @new2p2p, I've been in touch with the tech team who explained that they had temporarily rolled the system back to display data from Friday's state while they upgraded the dashboard to the latest iteration, where we've added new columns, etc. - thus causing the issues experienced by yourselves. I apologise for the distress caused, and will have a word with the tech team about how, in the future, we can schedule these upgrades at a time of day that might be less disruptive to users such as yourselves. I can confirm that the dashboard upgrade has now been completed and if you log back out and in again, everything should be as it is meant to be. Once again, thank you for highlighting this to us promptly and for your helpful suggestions, but above all, thank you for your kind support. We are working hard to provide the best platform and service possible for investors, but we are by no means perfect and rely on feedback like yours to improve. Kind regards, Charles |
|
|
|
Post by charles on Mar 7, 2017 15:40:25 GMT
Guys, I'm sorry to report that the 12% Liverpool Bond is now closed.
We are fully funded, having reached our £844k target. Thank you all for your kind support. And for everyone who wanted to invest, but for one reason or another missed out, we should have another one available shortly (I'm hoping end of the week, but I don't want to make any promises I can't keep).
Regards,
Charles
|
|
|
|
Post by brianac on Mar 9, 2017 11:30:28 GMT
Thanks for that. Wow - I aim for a 50+ loan diversification per platform per year. At £250,000 for the first year this platform is way out of my league but I wish you all the very best. And within an IFISA not a lot of diversity. Brian
|
|
