david42
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Post by david42 on Jun 29, 2017 18:33:32 GMT
People normally ask these questions after i have invested.So just checking can these buildings be put on the back of a lorry and have they had a tracking system fitted? Having worked in a modular office building, in my limited experience they are nothing like the portable cabins you get on building sites. The modules are integrated together to make a complete building. Installing or moving a modular building will be a significant cost, and theft of the buildings would take weeks, not hours, and it could only be done with the knowledge of the people working or living at the site. A site webcam would provide more appropriate assurance than a tracker.
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blender
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Post by blender on Jun 30, 2017 14:31:01 GMT
It's notoriously difficult to value these modular loans, previously had to go on borrowers valuation only /on topic hat on Whilst the borrower is credible the lack of formal asset valuations pushes this more into SME lending for me and whilst opening affordablity is satisfactory (with further projected income streams) that may not remain so with upcoming economic uncertainty. Saying that this will be my 2nd largest loan on abl while I finish off redeploying Ly funds (and anticipating this borrower's imminent redemptions). Wise words elliottm. I will be impressed when the 'imminent redemptions' precede the release of these funds for 76.
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elliotn
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Post by elliotn on Jun 30, 2017 16:11:52 GMT
/on topic hat on Whilst the borrower is credible the lack of formal asset valuations pushes this more into SME lending for me and whilst opening affordablity is satisfactory (with further projected income streams) that may not remain so with upcoming economic uncertainty. Saying that this will be my 2nd largest loan on abl while I finish off redeploying Ly funds (and anticipating this borrower's imminent redemptions). Wise words elliottm. I will be impressed when the 'imminent redemptions' precede the release of these funds for 76.
Impressed
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blender
Member of DD Central
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Post by blender on Jun 30, 2017 17:19:04 GMT
OK, impressed.
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nw99
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Post by nw99 on Jul 10, 2017 7:05:35 GMT
Trading at a premium in the secondary
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