fp
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Post by fp on Jun 22, 2017 20:08:52 GMT
Tranche 1 for £1.1M has been sitting in the pipeline having had its' 'go-live' notice issued for over a week now, which seems like a long time for a tranche release on an existing loan. (IMS report is in and no DD / legals to slow things down, you'd think.) Wonder what the delay is....Erm...... lack of investors? 
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 22, 2017 20:38:35 GMT
I'm very happy with the delay. We need to avoid new loans/tranches for as long as possible I think - and the interest run due in 8-9 days time is something I'm already counting down to, in the hope it might nudge a few of my sales over the line. (A bit like those coin fall machines on the pier where you put coppers in the slot and eventually a load get pushed over the edge and they drop into your winnings tray.)
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Post by Companion Cube on Jun 22, 2017 20:45:50 GMT
I'm very happy with the delay. We need to avoid new loans/tranches for as long as possible I think - and the interest run due in 8-9 days time is something I'm already counting down to, in the hope it might nudge a few of my sales over the line. (A bit like those coin fall machines on the pier where you put coppers in the slot and eventually a load get pushed over the edge and they drop into your winnings tray.) I wouldn't be surprised if they are waiting for month end too, to release the pipeline in the faint hope that people will go for that instead even though there's a ridiculous queue already. After all it's the new money they want. I hope you are right though.
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Liz
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Post by Liz on Jun 22, 2017 23:53:19 GMT
I'm very happy with the delay. We need to avoid new loans/tranches for as long as possible I think - and the interest run due in 8-9 days time is something I'm already counting down to, in the hope it might nudge a few of my sales over the line. (A bit like those coin fall machines on the pier where you put coppers in the slot and eventually a load get pushed over the edge and they drop into your winnings tray.) And without new tranches, the project will be in the toilet and Lendie members will be several million in the hole. So how are Lendie going to fill all of these tranches?
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Post by p2plender on Jun 23, 2017 6:23:34 GMT
Well we did warn Lendy to stop issuing loans until they got some loans repaid but they chose not to listen to the hand that feeds them. Good luck getting this one away..
perhaps J** will come good you never know..
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hazellend
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Post by hazellend on Jun 23, 2017 6:52:57 GMT
I'm very happy with the delay. We need to avoid new loans/tranches for as long as possible I think - and the interest run due in 8-9 days time is something I'm already counting down to, in the hope it might nudge a few of my sales over the line. (A bit like those coin fall machines on the pier where you put coppers in the slot and eventually a load get pushed over the edge and they drop into your winnings tray.) And without new tranches, the project will be in the toilet and Lendie members will be several million in the hole. So how are Lendie going to fill all of these tranches? To fill loans much higher rates may be required 14-16%
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SteveT
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Post by SteveT on Jun 23, 2017 7:15:48 GMT
Much more likely, IMO, to re-deploy some short term cashback than to raise rates above 12%. However, I suspect we'll see neither and Lendy will instead pump their bonds a bit harder (cheaper than paying us lot!)
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twoheads
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Programming
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Post by twoheads on Jun 26, 2017 16:14:36 GMT
As per recent update - T1 reduced - now £378,298 The cynic in me suggests that Lendy were completely unable to fill the original £1.13M tranche and have done a 'deal' with the borrower. This tranche has been in the pipeline for about two weeks now which is much longer than normal for a tranche.
I note that the sales queue currently matches the SM value so the entire loan value is currently with 'proper' investors at present. Presumably, the new tranche value is somewhere close to the amount already prefunded. We shall see when the tranche goes live.
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GeorgeT
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Post by GeorgeT on Jun 26, 2017 17:46:29 GMT
New tranche going live on Tuesday (27/06/2017).
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twoheads
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Programming
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Post by twoheads on Jun 27, 2017 12:06:32 GMT
As per recent update - T1 reduced - now £378,298 And just drawn down Maximum allocation was at least £1000 (that's what I asked for and received). Does anyone know the true figure? There is one purchase in the recent history at £3k but it cannot be known whether this was a prefund or an SM purchase.
Edit: SM sales queue is now about £500 below SM availability. Presumably, this is £500 dregs after rounding the maximum allocation.
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Post by mrg on Jun 27, 2017 12:21:50 GMT
Maximum allocation was at least £1000 (that's what I asked for and received). Does anyone know the true figure? There is one purchase in the recent history at £3k but it cannot be known whether this was a prefund or an SM purchase.
Edit: SM sales queue is now about £500 below SM availability. Presumably, this is £500 dregs after rounding the maximum allocation.
Out of interest why did you pre-fund rather than just buy £1000 on SM? Thanks
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Post by lendinglawyer on Jun 27, 2017 12:29:24 GMT
Maximum allocation was at least £1000 (that's what I asked for and received). Does anyone know the true figure? There is one purchase in the recent history at £3k but it cannot be known whether this was a prefund or an SM purchase.
Edit: SM sales queue is now about £500 below SM availability. Presumably, this is £500 dregs after rounding the maximum allocation.
Out of interest why did you pre-fund rather than just buy £1000 on SM? Thanks If you believe in a loan and are still willing to invest, it stands to reason (especially in a DFL where the borrower needs the money to keep going with the development) that you would support new tranches.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 27, 2017 12:33:56 GMT
Out of interest why did you pre-fund rather than just buy £1000 on SM? Thanks If you believe in a loan and are still willing to invest, it stands to reason (especially in a DFL where the borrower needs the money to keep going with the development) that you would support new tranches. Not to mention that you dont need cash on account and get two days free interest to clear the negative balance. That 66p might come in handy 
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jun 27, 2017 13:09:37 GMT
Maximum allocation was at least £1000 (that's what I asked for and received). Does anyone know the true figure? There is one purchase in the recent history at £3k but it cannot be known whether this was a prefund or an SM purchase.
Edit: SM sales queue is now about £500 below SM availability. Presumably, this is £500 dregs after rounding the maximum allocation.
Out of interest why did you pre-fund rather than just buy £1000 on SM? Thanks I decided to up my amount in this loan by £1k fairly recently.
Since there is a new tranche available, I decided to prefund it with £1k - expecting to receive less and then top up using the SM. I used the prefunding option for two reasons:
(1) It is good for the platform, adding money to it whereas buying on the SM is giving the money to the seller where it could be withdrawn. (2) I expected to be able to ascertain the maximum allocation (just for interest - and to share here on the forum where it can provide an insight into investor activity).
As it turned out, part 2 failed in this instance!
EDIT - Crossed with the three posts above, two of which echo the sentiment of adding money to the DFLs to keep things moving. I'm not sure what I can buy with 66p but I guess these oddments may add up to something useful given enough time.
But, as a general rule, if there is an upcoming tranche available for a loan I want, then I will prefund rather than buy on the SM. I usually do this for the reasons given above.
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guff
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Post by guff on Jul 12, 2017 16:51:38 GMT
Blinded by the cashback?
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