These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Small One Month Loans Available (1b - 5b ISK @ 3% monthly)
Author
Previous Topic Next Topic
Braondra
KarmaFleet
Goonswarm Federation
#1 - 2017-01-30 16:02:52 UTC  |  Edited by: Braondra
Hey MD,

About Me:

I'm Braondra, a relatively successful player with some ISK to spare.

I am known to the scc-lounge community where members such as Caleb, Rhivre, Roedyn (CSM 12 campaignee) and Elizabeth Norn can vouch for my activity within that community. I also publicly traded on EVE-Mogul for a time.

You can find me most days in scc-lounge, on tweetfleet slack, or on discord in the Imperium News and scc channels under this handle.

The Loan:

I'd like to offer small one month loans of 1 billion ISK to 5 billion isk, as I am new to this trade. I am offering these amounts for a blanket 3% interest per month.

Loans will be repaid on the month, TO THE DAY.

Collateral will be in the form of known stable in-game items to be issued to a third party issued at 110% of the value of the loan requested by the borrower.

I have used Elizabeth Norn as my third party in the past. Elizabeth currently does not charge a fee. There will be no fee associated with utilizing this third party service. A link to their third party page can be found here: https://forums.eveonline.com/default.aspx?g=posts&m=6565645

Borrowers may also elect to use Chribba as their third party, however the borrower will pay the fee associated with Chribba's service.

As a rule, I will not entertain offers of non-collateralized loans at higher rates or for a shorter duration.

I look forward to doing business with all of you.

Thank you!
Garen Sobek
Doomheim
#2 - 2017-01-30 19:11:34 UTC
Just thought I would give you some friendly advice. When it comes to low value collateralized loans like the ones your offering the market is very small. Reason being is a player would be better off just selling the item(s) he would use as collateral for say a 1b loan and then simply rebuying the item(s) later, thereby saving himself the interest. The only time it makes since to use collateral for a loan is when a person has rare high value items that would be very hard to simply go and buy back or would take a long time just to sell on their own. In addition, usually for small loans the collateral is contracted straight to the lender and no 3rd party is used. This is because again would you rather just sell your items and buy them back later or pay 3% interest plus third party fees. To be honest I think you would be much better off investing your 5b into one of the many trade bounds that are posted on these forums.
Braondra
KarmaFleet
Goonswarm Federation
#3 - 2017-01-30 20:37:15 UTC
Garen Sobek wrote:
Just thought I would give you some friendly advice. When it comes to low value collateralized loans like the ones your offering the market is very small. Reason being is a player would be better off just selling the item(s) he would use as collateral for say a 1b loan and then simply rebuying the item(s) later, thereby saving himself the interest. The only time it makes since to use collateral for a loan is when a person has rare high value items that would be very hard to simply go and buy back or would take a long time just to sell on their own. In addition, usually for small loans the collateral is contracted straight to the lender and no 3rd party is used. This is because again would you rather just sell your items and buy them back later or pay 3% interest plus third party fees. To be honest I think you would be much better off investing your 5b into one of the many trade bounds that are posted on these forums.


I truly appreciate your advice. However, the borrower will not have access to their collateral until they pay back their loan. That is exactly why a third party is being used. This prevents me from selling their collateral at a 10% gain, as well as preventing the borrower from simply defaulting on the loan should they be more successful than 10%.

I have plenty of ISK sitting in other loans at the moment. This is just another way for me to earn passive ISK that I have not put into the trust of others.

Thank you!
Ruvin
Amarr Empire
#4 - 2017-01-30 20:47:49 UTC
Braondra wrote:
Garen Sobek wrote:
Just thought I would give you some friendly advice. When it comes to low value collateralized loans like the ones your offering the market is very small. Reason being is a player would be better off just selling the item(s) he would use as collateral for say a 1b loan and then simply rebuying the item(s) later, thereby saving himself the interest. The only time it makes since to use collateral for a loan is when a person has rare high value items that would be very hard to simply go and buy back or would take a long time just to sell on their own. In addition, usually for small loans the collateral is contracted straight to the lender and no 3rd party is used. This is because again would you rather just sell your items and buy them back later or pay 3% interest plus third party fees. To be honest I think you would be much better off investing your 5b into one of the many trade bounds that are posted on these forums.


I truly appreciate your advice. However, the borrower will not have access to their collateral until they pay back their loan. That is exactly why a third party is being used. This prevents me from selling their collateral at a 10% gain, as well as preventing the borrower from simply defaulting on the loan should they be more successful than 10%.

I have plenty of ISK sitting in other loans at the moment. This is just another way for me to earn passive ISK that I have not put into the trust of others.

Thank you!


he does know what a third party is, he explained why it's not really worth it for a 1b loan.

Also 1b loan if the post is well written and the person seems trustworthy can be probably achieved without collateral at all.
He gave you very good point but you seem to have totally missed them.

Opportunities multiply as they are seized.
Braondra
KarmaFleet
Goonswarm Federation
#5 - 2017-01-30 20:54:58 UTC  |  Edited by: Braondra
I'm seeing what he is saying. The borrower can just liquidate their non-important items to create the low amount of ISK that I am offering. I do realize that this is a not-so-hot service in the amounts that I am offering.

I did initially believe he meant to default on the loan. His point, however, did not get overlooked. I do believe there is a small market for small one month loans that are collateralized. For example, small corporations that are just starting, with only the assets that they need, may need a few billion to kick off an effort. Or a trader just getting their stride and wanting to scale their operation.

I do appreciate your input. I'm definitely learning here and value the advice.

Edit: I would like to also clarify that the third party that I am using is a free third party service. Should Elizabeth Norn require a fee, this services terms would be reworked.
Garen Sobek
Doomheim
#6 - 2017-01-30 21:37:39 UTC
Braondra wrote:
I'm seeing what he is saying. The borrower can just liquidate their non-important items to create the low amount of ISK that I am offering. I do realize that this is a not-so-hot service in the amounts that I am offering.

I did initially believe he meant to default on the loan. His point, however, did not get overlooked. I do believe there is a small market for small one month loans that are collateralized. For example, small corporations that are just starting, with only the assets that they need, may need a few billion to kick off an effort. Or a trader just getting their stride and wanting to scale their operation.

I do appreciate your input. I'm definitely learning here and value the advice.

Edit: I would like to also clarify that the third party that I am using is a free third party service. Should Elizabeth Norn require a fee, this services terms would be reworked.


Yeah, the point I was trying to make is the people who are in need for the sums of money being discussed here most likely would not be providing collateral. Either because they don't have it to begin with(High risk loans) or because it makes more financial sense to simply sell their items and buy them back a month later and save having to pay you 3% interest. That being said there is indeed a small percent of people who do seek these loans. But they only come along once in a great while and when they do their requests are filled instantly. So instead of sitting around with a pile of liquid isk(Which will actually lose you money because opportunity cost) and putting in the work to constantly check these boards so you don't miss the loan when it comes. You would make a lot more money by investing in a collateralized bond. That being said your absolutely free to invest your isk however you see fit, I was just trying to point out there are better things you can do with it. At the end of the day it's all about how much fun your having after all.
Braondra
KarmaFleet
Goonswarm Federation
#7 - 2017-01-30 21:45:31 UTC
Garen Sobek wrote:


Yeah, the point I was trying to make is the people who are in need for the sums of money being discussed here most likely would not be providing collateral. Either because they don't have it to begin with(High risk loans) or because it makes more financial sense to simply sell their items and buy them back a month later and save having to pay you 3% interest. That being said there is indeed a small percent of people who do seek these loans. But they only come along once in a great while and when they do their requests are filled instantly. So instead of sitting around with a pile of liquid isk(Which will actually lose you money because opportunity cost) and putting in the work to constantly check these boards so you don't miss the loan when it comes. You would make a lot more money by investing in a collateralized bond. That being said your absolutely free to invest your isk however you see fit, I was just trying to point out there are better things you can do with it. At the end of the day it's all about how much fun your having after all.


Ah yeah I understand. We'll I'll certainly leave this here.

I haven't found any of those collateralized bonds that you mention that are still open and taking investors. I'll be sure to catch them when I see them.
Jax Bederen
Dark Horse RM
#8 - 2017-01-31 06:03:42 UTC
I think some of us would consider those terms instead of selling items. 3% is not much for convenience. Myself I'm fairly far from Jita and some items would take longer to sell or purchase back again in my market. Otherwise it's still a bricked BS trip to Jita that I would not look forward to. BTW what does a third party like Chribba charge for mediation? I may look into something around 2 billion when I get motivated to bring all my ships/items together from the four corners of the world.
Braondra
KarmaFleet
Goonswarm Federation
#9 - 2017-01-31 13:13:14 UTC
Jax Bederen wrote:
I think some of us would consider those terms instead of selling items. 3% is not much for convenience. Myself I'm fairly far from Jita and some items would take longer to sell or purchase back again in my market. Otherwise it's still a bricked BS trip to Jita that I would not look forward to. BTW what does a third party like Chribba charge for mediation? I may look into something around 2 billion when I get motivated to bring all my ships/items together from the four corners of the world.


I am not sure what he charges exactly. I would try and line that up with him prior to the transaction to speed things up.

This thread can be found here: https://forums.eveonline.com/default.aspx?g=posts&t=6492

Looks like he just wants people to convo him in game to figure out the details.
Jax Bederen
Dark Horse RM
#10 - 2017-01-31 18:26:09 UTC
Braondra managed to get some items together. Could use a couple more Machriels and a Noctis so looking for 1.2-1.5 bill for now. Need to go over the collateral, not sure for instance how a Loki is priced with it's original price plus the components. I take Loki plus 30 mill or so per component. I need to go take care of some errands atm, let me know when you are active so we can do this today or tomorrow. Also not sure if we need a third party for a small loan like this, but I dont object to the person you mentioned, Elizabeth seems about as good as they get.
Braondra
KarmaFleet
Goonswarm Federation
#11 - 2017-01-31 19:21:13 UTC
Jax Bederen wrote:
Braondra managed to get some items together. Could use a couple more Machriels and a Noctis so looking for 1.2-1.5 bill for now. Need to go over the collateral, not sure for instance how a Loki is priced with it's original price plus the components. I take Loki plus 30 mill or so per component. I need to go take care of some errands atm, let me know when you are active so we can do this today or tomorrow. Also not sure if we need a third party for a small loan like this, but I dont object to the person you mentioned, Elizabeth seems about as good as they get.


Sounds good. Ill be on at around 5:30 EST.

Yes, I will need collateral no matter the size. I'll take a look at your proposed collateral and have it confirmed by Elizabeth should you choose to use that service.

I'll let you know when I'm back.

Thanks!
Jax Bederen
Dark Horse RM
#12 - 2017-01-31 21:23:07 UTC
Ok, sent you a mail.
Braondra
KarmaFleet
Goonswarm Federation
#13 - 2017-01-31 22:37:57 UTC
Jax Bederen wrote:
Ok, sent you a mail.


I replied with exact terms.

Please secure 110% of the borrowed ISK in collateral and send it to the third party. They should be informed to post here once that is complete. The loan will then be issued in the agreed upon amount, due back with 3% interest on the month, to the day.

Thank you!