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 Jun 23, 2015 15:24:31 GMT
Regarding visibility of the result of 13528, I had it in my watchlist but did not bid on it. I can see the comment, but I think this is because I participated in the linked loan (i.e. the first tranche). Had I not done so, I suspect I would not have been able to view the13528 auction result, despite it being in my watchlist. I can see it via watchlist and I havent touched any of the relevant loans.
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blender
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Post by blender on Jun 23, 2015 16:23:48 GMT
Regarding visibility of the result of 13528, I had it in my watchlist but did not bid on it. I can see the comment, but I think this is because I participated in the linked loan (i.e. the first tranche). Had I not done so, I suspect I would not have been able to view the13528 auction result, despite it being in my watchlist. I can see it via watchlist and I havent touched any of the relevant loans. Perhaps because you have four eyes to see with.
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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
Posts: 11,220
Likes: 11,415
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Post by ilmoro on Jun 23, 2015 16:32:16 GMT
I can see it via watchlist and I havent touched any of the relevant loans. Perhaps because you have four eyes to see with. Who you calling four eyes, just cos i wear glasses ... oh you mean the pig, right? Thought youd been stalking me, but just paranoia. There! Did you see that? That leaf winked at me...
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blender
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Post by blender on Jun 23, 2015 16:36:10 GMT
Perhaps because you have four eyes to see with. Who you calling four eyes, just cos i wear glasses ... oh you mean the pig, right? Thought youd been stalking me, but just paranoia. There! Did you see that? That leaf winked at me... Yes I meant the pig. She is only nestling, right?
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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
Posts: 11,220
Likes: 11,415
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Post by ilmoro on Jun 23, 2015 16:49:24 GMT
Who you calling four eyes, just cos i wear glasses ... oh you mean the pig, right? Thought youd been stalking me, but just paranoia. There! Did you see that? That leaf winked at me... Yes I meant the pig. She is only nestling, right? Probably investing as well now!
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jonah
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Post by jonah on Jun 26, 2015 19:31:19 GMT
fC seem to be tweaking this week, some 7+2, some 8+1 etc. An 8+2 has reached 23% full in 6hrs. I'm not an expert (not actually lent here, just watching currently) but would I be correct in assuming the 12 months timeline is helping that one be speedy in filling or are there other factors?
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chrisf
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Post by chrisf on Jun 26, 2015 19:52:32 GMT
fC seem to be tweaking this week, some 7+2, some 8+1 etc. An 8+2 has reached 23% full in 6hrs. I'm not an expert (not actually lent here, just watching currently) but would I be correct in assuming the 12 months timeline is helping that one be speedy in filling or are there other factors? yes
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SteveT
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Post by SteveT on Jun 26, 2015 20:23:35 GMT
fC seem to be tweaking this week, some 7+2, some 8+1 etc. An 8+2 has reached 23% full in 6hrs. I'm not an expert (not actually lent here, just watching currently) but would I be correct in assuming the 12 months timeline is helping that one be speedy in filling or are there other factors? The other significant reason is that it's a 1st (and only) tranche so, by definition, pretty much all of the Autobid lenders will be picking up parts in it. Once Autobid has bought into one tranche of a loan, it ignores subsequent tranches of the same loan.
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blender
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Post by blender on Jun 26, 2015 21:23:44 GMT
I think they would have liked to split it in two and save some cash back, but there is just one property to sell and therefore they cannot repay tranches separately. It is a big loan.
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fasty
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Post by fasty on Jun 29, 2015 13:46:58 GMT
13686 - I'm surprised that Freakin' Close hasn't awoken the Work Experience kid yet. 20 minutes to go and about 5% remaining. A barrage of last-moment finger-prodding, and she fills in the nick of time
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jonah
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Post by jonah on Jun 29, 2015 17:50:17 GMT
A barrage of last-moment finger-prodding, and she fills in the nick of time Yes, I make it £22,680 of clicking, or 5.67% of the £400,000. Will 13695 be next? Edit: FCPF bit off £77,360 of 13695, or 27% of the £285,000 loan. Quite a rescue. Sorry if I've missed this somewhere, but what do FC do with those parts? Do they sell them on the SM, wrap them into the next tranche or something else?
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SteveT
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Post by SteveT on Jul 2, 2015 10:31:33 GMT
Chuckling at the latest London property development scheme (13918): Hoped-for sale price of £1.75m for 92 square metres in South Kensington of which 9 are accessed by a ladder and most of the rest is below ground level. 3 big tranches to be listed in quick succession; I fear FCPF may end up owning a fair bit of the later tranches, if not the first one, although it's only a 12 monther.
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coop
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Post by coop on Jul 2, 2015 11:20:27 GMT
I think a lot of people like me are going to keep their hands in their pockets for these property loans for now while everyone chases the E band loans.
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jonah
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Post by jonah on Jul 3, 2015 20:11:53 GMT
Am I correct in my belief that FC takes all the interest up front for property loans and that, so far, none have defaulted?
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blender
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Post by blender on Jul 3, 2015 20:51:58 GMT
Am I correct in my belief that FC takes all the interest up front for property loans and that, so far, none have defaulted? Yes, for the interest-only fixed-rate property-development loans. Not for commercial mortgages. If the financial summary has no accounts, then I believe that means that the borrower is not paying the interest until the repayment at the end. None has failed (defaulted) yet but one project over-ran. In that case the extra interest was collected in a further loan tranche. BTW, the inclusion of interest in the loan amount has the effect of worsening the LTV figure, compared with a loan where the borrower pays the interest.
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