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I think Fnord said it pretty well. I'll just add my $0.02. I'm not sure what the numbers run on pokerstoke and what not, but I really think this is -EV play. First of all, I don't like the flop raise. You are semibluffing into 8-10 other people, and odds are one of them has a hand and won't fold, especially at 25NL. But I guess it's understandable since you have position. Anyway, on the turn, I think you are practically spewing chips here. Effectively what you are doing is putting money in the pot against what, 6-8 people, with probably the worst hand (5 high) with close to zero folding equity, all this while being a significant underdog to any made hand. Then I think the worst part is the river. You finally hit your draw, then you just call??? If you're going to go through the trouble of semibluffing and building the pot and what not, you have to be willing to take your hand to the felt should you hit your draw. I mean if you sense someone is on a higher draw, then why continue putting money in the pot on the flop and turn?
For the second hand I like raising the flop bigger, say $3. Depending on how many callers this gets, I would re-evaluate on the turn if I missed my draw.
Also, at the top of your post you said this was a loose table, which I'm guessing means lots of calling stations. So the general rule of thumb is to not bluff or semibluff loose calling stations, because they will not fold their TPNK. I would try to draw as cheaply as possible against these people. Just make a hand, then get the money in.
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