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1.5b collateralized loan for one month @ 8% - COMPLETED
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Zerinia
Lom Corporation
#1 - 2015-09-30 03:58:50 UTC  |  Edited by: Zerinia
Loan duration may be cut short, but full interest will be provided. Collateral:

Machariel with 2x Large Core Defense Field Extender II, Large Anti-Thermal Screen Reinforcer II in Amarr
9x ME10 TE0 Caracal BPOs in Jita

Would prefer a single person to fill the loan.

I don't think we need bother with a 3rd party for such a small amount, but if you prefer to do so, you pay the fee.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#2 - 2015-09-30 04:36:00 UTC
That collateral doesn't even get close to covering the loan.
Zerinia
Lom Corporation
#3 - 2015-09-30 04:37:23 UTC  |  Edited by: Zerinia
Bad Bobby wrote:
That collateral doesn't even get close to covering the loan.

at 140m per BPO and 600m for the mach + rigs, I'd say it does. But how would you appraise it, if you think it needs to be lower?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#4 - 2015-09-30 04:52:35 UTC
Zerinia wrote:
Bad Bobby wrote:
That collateral doesn't even get close to covering the loan.

at 140m per BPO and 600m for the mach + rigs, I'd say it does. But how would you appraise it, if you think it needs to be lower?

Don't include the rigs in the Mach valuation. The person liquidating them is not going to be trying to sell a rigged ship on contracts, they are going to strip the rigs and sell it on the market for 450m (at best).

The BPOs aren't worth 140m, they're worth in the region of 90m (NPC is 82.5m and they aren't even fully researched).

So your collateral is worth ~1260m which is not even close to 100% of 1.8B. It certainly doesn't provide the customary 10% safety margin.

Taking out this loan would be a bad risk, because the collateral would not cover a default and wouldn't be the easiest to liquidate even if it did.

Also for a small, short-term loan with an unknown person 2% is not a fair rate. Why do you think someone will want to take up this loan just to get 36m?
Zerinia
Lom Corporation
#5 - 2015-09-30 04:57:38 UTC
Bad Bobby wrote:
Zerinia wrote:
Bad Bobby wrote:
That collateral doesn't even get close to covering the loan.

at 140m per BPO and 600m for the mach + rigs, I'd say it does. But how would you appraise it, if you think it needs to be lower?

Don't include the rigs in the Mach valuation. The person liquidating them is not going to be trying to sell a rigged ship on contracts, they are going to strip the rigs and sell it on the market for 450m (at best).

The BPOs aren't worth 140m, they're worth in the region of 90m (NPC is 82.5m and they aren't even fully researched).

So your collateral is worth ~1260m which is not even close to 100% of 1.8B. It certainly doesn't provide the customary 10% safety margin.

Taking out this loan would be a bad risk, because the collateral would not cover a default and wouldn't be the easiest to liquidate even if it did.

Also for a small, short-term loan with an unknown person 2% is not a fair rate. Why do you think someone will want to take up this loan just to get 36m?

https://forums.eveonline.com/default.aspx?g=posts&t=448659&find=unread

Fair enough with the rigs and interest rate, changing that.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#6 - 2015-09-30 05:02:00 UTC
That's better, good luck!
Zerinia
Lom Corporation
#7 - 2015-09-30 05:03:36 UTC
Bad Bobby wrote:
That's better, good luck!

Thanks for the advice, first time doing this :)
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#8 - 2015-09-30 12:41:47 UTC
8% now...

Put up the contracts and I'll fill it myself.
Zerinia
Lom Corporation
#9 - 2015-09-30 14:45:12 UTC
Contracts will go up in about 20 minutes.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#10 - 2015-09-30 15:08:30 UTC
Contracts accepted.

Let me know when it is time to contract them back.
Zerinia
Lom Corporation
#11 - 2015-09-30 15:10:26 UTC  |  Edited by: Zerinia
Great, thanks. I'll let you know on or before 10/30/2015 by 00:00 Evetime. Since they are in two different places, I'll just put all the isk on the caracals. Thanks!
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#12 - 2015-09-30 15:16:46 UTC
Zerinia wrote:
Since they are in two different places, I'll just put all the isk on the caracals. Thanks!

I'll warn you now that you were -><- this far from getting scammed out of your Machariel.

You should be more careful when putting up contracts in future.

When I return the collateral I will split the isk between the two contracts, like you should have done, that way neither of us can scam the other.
Zerinia
Lom Corporation
#13 - 2015-09-30 15:21:37 UTC
Bad Bobby wrote:
Zerinia wrote:
Since they are in two different places, I'll just put all the isk on the caracals. Thanks!

I'll warn you now that you were -><- this far from getting scammed out of your Machariel.

You should be more careful when putting up contracts in future.

When I return the collateral I will split the isk between the two contracts, like you should have done, that way neither of us can scam the other.

Fair enough. I'm glad your reputation is worth more than 600m :).
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#14 - 2015-09-30 15:33:35 UTC
Zerinia wrote:
I'm glad your reputation is worth more than 600m :).

Big smile
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#15 - 2015-10-05 02:37:34 UTC
Collateral back on contract to you as requested.
Zerinia
Lom Corporation
#16 - 2015-10-05 02:39:02 UTC
Contracts accepted. Thanks for taking a chance on me :).