Jeepers
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Post by Jeepers on Jun 12, 2018 21:05:01 GMT
Seems to be gradually filling up - now under 45% remaining. Well it's probably the best proposition in P2P at the moment. Still looking unlikely to fill by Friday though.
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rocky1
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Post by rocky1 on Jun 13, 2018 4:58:46 GMT
cant the borrower drawdown the amount that has been raised so far to keep going with this project.we are used to endless tranches elsewhere.this seems to be one that could /will come good..give the kid a chance.
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shuff27
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Post by shuff27 on Jun 13, 2018 6:09:58 GMT
I would invest in this if MTAH903 repays in time but that is suffering from continuous can kicking. I'm not prepared to add any new money to MT until they make some substantial repayments.
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dermot
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Post by dermot on Jun 14, 2018 18:16:13 GMT
I've just moved the odd bit of cash I had on the platform into this loan, bearing in mind the generally good news of recent updates for various defaulted loans. Unfortunately, I didn't get to see that news until now, so probably not enough time to move a bit more cash onto the platform for this one, which I am now minded to do. Maybe the borrower will ask for a further extension.... since there is still 33% left to go. If the upcoming (hopefully) repayments had happened by now, I think I'd have sprung for a bit more of this, as some of my confidence in the platform would have returned. But, as is always the refrain, valuations are still a bit , bearing in mind the anticipated 26% initial capital shortfall on one of them.
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trevor
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Post by trevor on Jun 14, 2018 19:13:37 GMT
If I was MT I'd copy L. Drawdown what had been lent by Friday then declare another tranche for the remainder. It will fill, albeit slowly, but it will fill.
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Jeepers
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Post by Jeepers on Jun 14, 2018 19:26:02 GMT
If I was MT I'd copy L. Drawdown what had been lent by Friday then declare another tranche for the remainder. It will fill, albeit slowly, but it will fill. Absolutely. I doubt the borrower has a £575k bill to pay on Friday so why the rush as long as the funds are flowing in ?
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keystone
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Post by keystone on Jun 15, 2018 11:09:11 GMT
"cash back offer will remain open until 12pm on Friday. " Deadline has passed and still listed, but then again it doesn't specify which Friday so maybe it will stay open until xmas, fill your boots.
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Post by SophieThing on Jun 15, 2018 11:10:56 GMT
update added
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ptr120
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Post by ptr120 on Jun 15, 2018 11:46:31 GMT
Aninstitutional investor is looking at this so it is being left open for another week so that their credit committee can evaluate. There is currently +/-189k remaining so they better get a move on if there is enough to make it worth their while. I suppose that they could also take some of the £454k first advance, or £236k second advance that is available on the SM if they are really keen, but would miss out on the 2% cashback on those other loan parts.
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jlend
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Post by jlend on Jun 15, 2018 12:08:28 GMT
Aninstitutional investor is looking at this so it is being left open for another week so that their credit committee can evaluate. There is currently +/-189k remaining so they better get a move on if there is enough to make it worth their while. I suppose that they could also take some of the £454k first advance, or £236k second advance that is available on the SM if they are really keen, but would miss out on the 2% cashback on those other loan parts. Or the institutional investor may offer to refinance the whole loan, including the money not on the secondary market.
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Post by Badly Drawn Stickman on Jun 15, 2018 12:36:10 GMT
Aninstitutional investor is looking at this so it is being left open for another week so that their credit committee can evaluate. There is currently +/-189k remaining so they better get a move on if there is enough to make it worth their while. I suppose that they could also take some of the £454k first advance, or £236k second advance that is available on the SM if they are really keen, but would miss out on the 2% cashback on those other loan parts. Or the institutional investor may offer to refinance the whole loan, including the money not on the secondary market. I'm sure there must be a good reason why Moneything insist on trying to fill loans that there is patently no appetite for. It concerns me that the borrower obviously is not in a position to refinance away, it makes a nonsense of any current exit strategy. These tactics seem to be the only ones in the playbook (is this the third loan to follow this pattern?) For clarity. I am still on the terms and conditions 'naughty step' and have a holding in the two previous tranches (that wont be selling anytime soon it seems). I do however very much keep the hope that Moneything can become somewhere I want to invest in.
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hazellend
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Post by hazellend on Jun 15, 2018 12:46:08 GMT
Or the institutional investor may offer to refinance the whole loan, including the money not on the secondary market. I'm sure there must be a good reason why Moneything insist on trying to fill loans that there is patently no appetite for. It concerns me that the borrower obviously is not in a position to refinance away, it makes a nonsense of any current exit strategy. These tactics seem to be the only ones in the playbook (is this the third loan to follow this pattern?) For clarity. I am still on the terms and conditions 'naughty step' and have a holding in the two previous tranches (that wont be selling anytime soon it seems). I do however very much keep the hope that Moneything can become somewhere I want to invest in. So you’ll accept the t and cs when a loan comes along you like? Stand by your principals! There’s no naught step heh
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Post by Badly Drawn Stickman on Jun 15, 2018 12:59:54 GMT
I'm sure there must be a good reason why Moneything insist on trying to fill loans that there is patently no appetite for. It concerns me that the borrower obviously is not in a position to refinance away, it makes a nonsense of any current exit strategy. These tactics seem to be the only ones in the playbook (is this the third loan to follow this pattern?) For clarity. I am still on the terms and conditions 'naughty step' and have a holding in the two previous tranches (that wont be selling anytime soon it seems). I do however very much keep the hope that Moneything can become somewhere I want to invest in. So you’ll accept the t and cs when a loan comes along you like? Stand by your principals! There’s no naught step heh Odd you should think I am burdened by principles. Like most of the World I sometimes give something away if there is something I want enough in exchange (would be more than one or two loans I fancied though, I have no trouble passing on loans these days)
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Jeepers
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Post by Jeepers on Jun 15, 2018 13:43:31 GMT
Come Friday, it'll be extended another 7 days if it's not filled. It probably will fill though..
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johni
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Post by johni on Jun 15, 2018 13:45:06 GMT
Hi MoneyThing is the institutional investor for the whole loan or just the reminder?
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