madpierre
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Post by madpierre on Aug 16, 2017 16:33:55 GMT
I believe the people at Collateral genuinely seek to provide an honest and viable platform for all of us. I am also sure they are wishing they had never taken this one on but I trust them to do their utmost to see it through. I am therefore supporting these later tranches purely as a gesture of support and goodwill, although I will accept the 15% as it would be rude not to
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dermot
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Post by dermot on Aug 16, 2017 17:50:25 GMT
I believe the people at Collateral genuinely seek to provide an honest and viable platform for all of us. I am also sure they are wishing they had never taken this one on but I trust them to do their utmost to see it through. I am therefore supporting these later tranches purely as a gesture of support and goodwill, although I will accept the 15% as it would be rude not to My view as well - and at least my input will push one or another of the two open tranches ~2% closer to completion.
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GeorgeT
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Post by GeorgeT on Aug 16, 2017 18:16:24 GMT
Of course, I read the email. Irrelevant to me. 12%+ rate, 100 days+ remaining days and small loan/tranche size is what sells. Liquidity on this £100k tranche at 15% will be like Jack Flash for the next 3 months. Like instant access on wheels and 15% in the meantime. Ah, the "Bigger Fool" approach again... You call it an approach, I call it a proven investment strategy More generally, there is a bigger picture here. Later tranches of devt, finance loans become harder to fill than early ones because investors have had their fill or become nervous about the rapidly increasing loan size and reduced liquidity. COL have responded well to this and recognised it by raising the interest rate on later tranches,and reducing the size of the tranches. Now we can earn a fantastic 15% on small tranches. If us investors support this approach and provide the funding needed, it could establish a precedent on big projects and we will see rates this high again in the future - and other platforms will start to take note. If people sit it out and don't back it, the project stalls, everybody gets stuck and platforms won't bother offering us premium rates again in the future. I welcome COL's initiative on this and very much want them to succeed, not least because if COL succeed, we all succeed - developer, investors and COL.
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Post by elephantrosie on Aug 16, 2017 20:14:23 GMT
i am selling my earlier tranches as this loan seems to be too huge.
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hazellend
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Post by hazellend on Aug 16, 2017 20:19:20 GMT
i am selling my earlier tranches as this loan seems to be too huge. I don't think that is a very logical reason without taking everything else into account. However, you need to do whatever helps you sleep at night.
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elliotn
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Post by elliotn on Aug 17, 2017 1:43:36 GMT
i am selling my earlier tranches as this loan seems to be too huge. The JCT was included in the original loan details.
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oik
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Post by oik on Aug 17, 2017 13:35:53 GMT
You've spotted that these 15% tranches effectively are 3rd charge loans, have you?! No scope for flipping them either on COL. I think I'll stick with my 12%, thanks. So for that extra risk those tranches will pay an extra £4.22 on £1k over the 14% version provided they run for the full 154 days. Doesn't seem a too exciting a reward for sitting right at the end of the queue.
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oldgrumpy
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Post by oldgrumpy on Aug 17, 2017 13:55:33 GMT
That's because the reward is already pretty good for the second priority loans. I think COL has got itself into quite an awkward ongoing funding situation here.
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seeingred
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Post by seeingred on Aug 17, 2017 15:33:18 GMT
Any advance on 15%?
16%, 16% do I hear 16%?
Sold to the man gesticulating on my right. Your name Sir?
Mr 12%.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 17, 2017 16:16:01 GMT
Any advance on 15%? 16%, 16% do I hear 16%? Sold to the man gesticulating on my right. Your name Sir? Mr 12%. To be fair, he always wanted to be Mr 16% when he grew up
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Post by elephantrosie on Aug 17, 2017 17:02:16 GMT
i am selling my earlier tranches as this loan seems to be too huge. The JCT was included in the original loan details. what does jct mean?
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Post by elephantrosie on Aug 17, 2017 17:03:36 GMT
i am selling my earlier tranches as this loan seems to be too huge. I don't think that is a very logical reason without taking everything else into account. However, you need to do whatever helps you sleep at night. a high % of my investment on col is on this loan. so i am trying to minimise my risk.
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GeorgeT
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Post by GeorgeT on Aug 17, 2017 22:20:48 GMT
Any advance on 15%? 16%, 16% do I hear 16%? Sold to the man gesticulating on my right. Your name Sir? Mr 12%. To be fair, he always wanted to be Mr 16% when he grew up Given my 13%, 14% and now 15%ers I may have to undertake a multi platform investigation into all my loan parts because there must now be a fair chance that my average overall return has increased to more like 13% than 12% and I am undervaluing myself. Rate and unexpired term sells above all else on SMs so that means more pounds in my pocket and higher liquidity so I am agile in the marketplace and can keep my portfolio fresh and new. Having said all that I will confess that I am not a big fan of development finance loans because of the higher risk profile they present but as long as I am content that I can relieve myself of the risk at my convenience I am happy to support them - especially at exciting rates of interest.
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oldgrumpy
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Post by oldgrumpy on Aug 17, 2017 23:03:30 GMT
To be fair, he always wanted to be Mr 16% when he grew up Given my 13%, 14% and now 15%ers I may have to undertake a multi platform investigation into all my loan parts because there must now be a fair chance that my average overall return has increased to more like 13% than 12% and I am undervaluing myself. Rate and unexpired term sells above all else on SMs so that means more pounds in my pocket and higher liquidity so I am agile in the marketplace and can keep my portfolio fresh and new. Having said all that I will confess that I am not a big fan of development finance loans because of the higher risk profile they present but as long as I am content that I can relieve myself of the risk at my convenience I am happy to support them - especially at exciting rates of interest. Saves having to go behind the bushes
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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 Aug 18, 2017 0:09:02 GMT
Given my 13%, 14% and now 15%ers I may have to undertake a multi platform investigation into all my loan parts because there must now be a fair chance that my average overall return has increased to more like 13% than 12% and I am undervaluing myself. Rate and unexpired term sells above all else on SMs so that means more pounds in my pocket and higher liquidity so I am agile in the marketplace and can keep my portfolio fresh and new. Having said all that I will confess that I am not a big fan of development finance loans because of the higher risk profile they present but as long as I am content that I can relieve myself of the risk at my convenience I am happy to support them - especially at exciting rates of interest. Saves having to go behind the bushes Whereas ive nearly wet myself on reading that. Bad monkey :-D:-D
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