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Post by Collateral Rep on Sept 7, 2017 17:47:05 GMT
Hi fp, I'll get an update on this loan for next week and let you know. Many thanks, Gordon
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Post by elephantrosie on Sept 10, 2017 12:30:42 GMT
as an investor, the end date of loan is very important. so col please update us.
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ilmoro
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'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 Sept 10, 2017 13:26:28 GMT
as an investor, the end date of loan is very important. so col please update us. 20/3/2018, that the key date as that's when the retained interest runs out for BL26 if it repays before then all well and good, if it looks like it wont, investors have a cutoff point on which to make a decision on stick, sell or twist. Otherwise, the end date depends on build progress, sales progress etc which are fluid and not easy to predict until nearer completion as we have seen multiple times on other platforms, so unsurprising no definite date has been given. More important question is why none of the DL tranches are showing as drawndown Collateral Rep with a corresponding updated figure for days of retained interest/expiry date
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DeafEater
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Post by DeafEater on Sept 12, 2017 9:59:15 GMT
More important question is why none of the DL tranches are showing as drawndown Collateral Rep with a corresponding updated figure for days of retained interest/expiry date This worried me because I've been buying quite a lot of BL00026 at 12% on the SM on the understanding that in the event of a default, I was going to be at the front of the queue when it came to handing out the smarties. As a result I wrote to Collateral last night querying the DLs because I didn't understand how they could be sitting on all of this money and presumably paying interest out of their own pocket. Turns out they HAVE all drawn down (except the latest which is still being filled) but the use of bold fonts on their site doesn't signify quite what many of us believed. Their reply says:
The loans that are highlighted in bold are those whereby the loan date and drawdown date has changed, most loans drawdown on the same date and therefore they aren't highlighted in bold. We know that this is causing some confusion with investors therefore we are going through each loan at some point this week and all will be highlighted in bold when the loan has drawdown to avoid further confusion. Hence at the moment, only loans highlighted in bold show a drawdown date in the loan details but not all loans that have drawn down show a drawdown date or are in bold. I am definitely one of the people for whom this has been "causing some confusion" so I would welcome their promised change that will make it all so much clearer...
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jfm
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Post by jfm on Sept 13, 2017 9:53:01 GMT
Hi Collateral Rep. If information really must be given in font-variation code, then could there at least be a key to the code on the same page?
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Post by Collateral Rep on Sept 13, 2017 11:46:15 GMT
Hi jfm, We are changing the way we display loans that have drawn down, this is just a short term fix. Many thanks, Gordon
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stevio
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Post by stevio on Sept 15, 2017 7:54:50 GMT
Hi jfm , We are changing the way we display loans that have drawn down, this is just a short term fix. Many thanks, Gordon collateralAs my investment in CO increases across several accounts, I like to know the aggregate of how much I have in each loan. This is fundamental for a lender on a platform As there is no export to excel function in the my loans page, I have just wasted a considerable amount of time tying to copy and paste and manipulate the data, to no avail Please can you add an export to excel Additionally, can you make the details all one line or they are likely to export on multiple lines like a copy and paste Finally, can you add a column for rate Thanks
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Post by Collateral Rep on Sept 15, 2017 8:46:17 GMT
Morning stevio, I've passed this on to the developers. Many thanks, Gordon
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elliotn
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Post by elliotn on Sept 15, 2017 9:38:53 GMT
Morning stevio, I've passed this on to the developers. Many thanks, Gordon A quick workaround would be to allow Fully Funded loans to be sortable per Loans Funded. stevio , an existing workaround is to pivot from transactions export with a calc: loan part fund - loan part sales purchase - capital repayment. My running balance has changed on more than one occasion so may require maintenance.
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stevio
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Post by stevio on Sept 16, 2017 4:51:01 GMT
Morning stevio, I've passed this on to the developers. Many thanks, Gordon Thank you, do you have a date when this would be implemented? Does anyone else think this would be useful?
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stevio
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Post by stevio on Sept 16, 2017 4:57:03 GMT
Morning stevio, I've passed this on to the developers. Many thanks, Gordon A quick workaround would be to allow Fully Funded loans to be sortable per Loans Funded. stevio , an existing workaround is to pivot from transactions export with a calc: loan part fund - loan part sales purchase - capital repayment. My running balance has changed on more than one occasion so may require maintenance. Thanks Elliott, obviously firstly I think its fundamental the platform should be able to provide a download of the current loans invested in. I don't have the excel skills for what you suggest, are you able to post an anonymous spreadsheet? Also, how do others track the loans they are invested in? Do you have to use this slightly convuluted way? Again, the platform should really provide this
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p2pmark
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Post by p2pmark on Sept 16, 2017 5:07:49 GMT
Morning stevio, I've passed this on to the developers. Many thanks, Gordon Thank you, do you have a date when this would be implemented? Does anyone else think this would be useful? I agree that this would be useful.
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marka
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Post by marka on Sept 16, 2017 6:11:29 GMT
Morning stevio , I've passed this on to the developers. Many thanks, Gordon Thank you, do you have a date when this would be implemented? Does anyone else think this would be useful? It would, but it would still involve downloading a spreadsheet and extracting data from that. It would be far more useful to be able to easily see online how much I have loaned to a particular project (i.e. across all individual tranches and split drawdowns that we are now seeing) or borrower (across all projects).
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withnell
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Post by withnell on Sept 19, 2017 12:11:42 GMT
Collateral Rep - Would it be possible to get the valuations updated on BL26 and DL1/2/3/4 as the IMS reports are received? As 26 is the first charge loan and several DL tranches have been drawn down, the security value must have increased beyond the original land value and therefore be a much lower LTV than the 69% currently showing Same scenario on 1/2/3/4 as there is now a further set of tranches ranking inferior to them, so the LTV will drop with any rise in development value
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Post by Collateral Rep on Sept 19, 2017 13:51:06 GMT
Hi withnell, The original valuation has the fixed price contract in it and as our site visits have shown, the project is coming on very well and is in course. Many thanks, Gordon
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