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Post by Deleted on Oct 4, 2017 16:11:36 GMT
Well I am excited, possibly for the first time ever I know the maximum allocation for the latest tranche from my tiny pre-fund request!!
£70 .... One for the Little Hitters !
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fasty
Member of DD Central
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Post by fasty on Nov 6, 2017 19:37:56 GMT
Well for even smaller hitters... Tranche 4; £65.
The interest from that, at predicted completion, should be just sufficient to buy a celebratory pie and chips from the local chippy.
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sj
Member of DD Central
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Post by sj on Nov 28, 2017 15:20:58 GMT
Latest tranche available for pre-funding now. Bit of a tiddler at 132k though..
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Post by skint4achange on Nov 29, 2017 10:12:40 GMT
Latest tranche available for pre-funding now. Bit of a tiddler at 132k though.. Which explains why I got less than 30% of what I asked for then?? 
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sj
Member of DD Central
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Post by sj on Nov 29, 2017 10:24:02 GMT
Yep, i'm afraid so! I got *way* less than 30% of what I asked for, I was hoping that most people might have missed the go-live email and there would only be a very small number of investors chasing the pot (which would give big shares all around), but alas not. FFF time on the SM now I think, gobble up all those delicious morsels that others are selling off to balance their accounts.
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Post by skint4achange on Nov 29, 2017 10:45:31 GMT
If you think that is bad, I only got 6.5% of DFL029 that I asked for!!  |
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zlb
Member of DD Central
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Post by zlb on Dec 19, 2017 9:24:43 GMT
There's a delay in the project and more £ required... Raises ltv.
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SteveT
Member of DD Central
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Post by SteveT on Dec 19, 2017 9:30:51 GMT
There's a delay in the project and more £ required... Raises ltv. I do like a developer that identifies (and funds) the need for a 3 month extension fully 6 months before the original term date!
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Post by skint4achange on Dec 19, 2017 11:00:15 GMT
There's a delay in the project and more £ required... Raises ltv. I do like a developer that identifies (and funds) the need for a 3 month extension fully 6 months before the original term date! Don't you mean a developer that gets US to fund the extension?? 
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Post by skint4achange on Dec 19, 2017 13:20:25 GMT
This is becoming too easy an option it seems to me. There's nothing wrong with it. In fact it is how it almost always happens. When a developer arranges a loan the interest is added to the loan amount and then held back on drawdown.
I was just saying that I wish people would not mistake us funding our own interest with the developer digging into his own pocket.
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blata
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Post by blata on Dec 19, 2017 13:43:54 GMT
Is this a good loan to park a few pounds , seems to move on quickly or is that because it has a long time to run.
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Post by skint4achange on Dec 19, 2017 14:11:57 GMT
Is this a good loan to park a few pounds , seems to move on quickly or is that because it has a long time to run. I am not sure anyone will give you a "Yes" to that question in case it goes south and you take them to court!!
You will have to make your own call on what you see. Security, LTV, SM liquidity, progress of development etc.
I have skin in it, I just live in the hope that this pays off.
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elliotn
Member of DD Central
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Post by elliotn on Dec 19, 2017 15:01:30 GMT
The area is suitable for office spaces, especially start-ups, this district is known for fintech out to Silicon Roundabout, project prima facie viable - no comment on our borrower's build out though.
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zlb
Member of DD Central
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Post by zlb on Dec 19, 2017 23:41:13 GMT
Would the debenture cover any shortfall caused by over-valuation? I suppose that could be of little value, if the company doesn't have assets. It's an experienced company though.
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Post by spareapennyor2 on Dec 20, 2017 9:33:03 GMT
DFL027 T6 LIVE 2 investors 9.31am
it has been suspended.
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