theshape
Member of DD Central
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Post by theshape on Nov 11, 2017 12:30:07 GMT
Was the planning permission eventually granted?
Regardless of whether PP was granted is this looking like a good loan for further investment? 1 month minimum interest and now only 50% LTV after the part repayment plus the 5% BO first loss holding so that even a default should not be greatly concerning. I still have a small investment (the remaining third of what I initially invested).
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Brainer
Member of DD Central
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Post by Brainer on Nov 11, 2017 13:01:02 GMT
Going by the figures the partial repayment came from BO, not the underlying borrower. So the LTV didn't change, BO just took on more of the debt (which could be interpreted as a sign of confidence on their part?).
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Post by Badly Drawn Stickman on Nov 11, 2017 13:27:54 GMT
Was the planning permission eventually granted? Regardless of whether PP was granted is this looking like a good loan for further investment? 1 month minimum interest and now only 50% LTV after the part repayment plus the 5% BO first loss holding so that even a default should not be greatly concerning. I still have a small investment (the remaining third of what I initially invested). My own opinion is that it is what it is, an extension to tie up loose ends. Moneything have conducted it very fairly to my mind by doing it as a renewal type offering. Another platform might have just decided to unilaterally extend without giving that option. (one that begins with C springs to mind)
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Post by mrclondon on Nov 11, 2017 18:13:18 GMT
Was the planning permission eventually granted? Its a slightly complicated story. There is an existing planning consent to redevelop the plot No.9 B.Rd (the security) , the new planning application (which appears to still be under consideration by Poole council) was for a development scheme across No.9 B.Rd and the adjacent plots 82 & 82A H.Rd Links to both planning applications are on DD Central's MT DD board.
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drgonzo
Member of DD Central
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Post by drgonzo on Nov 20, 2017 16:25:07 GMT
Just received email notification of repayment.
Some good loans repaying recently - hopefully The Things have some suitable replacements in the pipeline for us!
EDIT: funds now credited.
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Post by Badly Drawn Stickman on Nov 20, 2017 16:40:35 GMT
Looks like yes and no, is the answer. Could MoneyThing just clarify for me if the one month interest is guaranteed on the extension or would earlier repayment reduce the amount? Not sure that reads all that clearly. Afternoon. Minimum of one month interest. Regards, Ed. Unless my maths is bad, not looking like the full month was paid?
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andy1
Member of DD Central
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Post by andy1 on Nov 20, 2017 16:47:05 GMT
Afternoon. Minimum of one month interest. Regards, Ed. Unless my maths is bad, not looking like the full month was paid? Looks like about 9 days worth to me.
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Post by MoneyThing on Nov 20, 2017 16:51:28 GMT
Afternoon. Minimum of one month interest. Regards, Ed. Unless my maths is bad, not looking like the full month was paid? Apologies, my b**ls-up (forgot to apply the full month of interest). TheShuang is just crediting the missing 21 days interest shortly. Regards, Ed.
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m2btj
Member of DD Central
Posts: 626
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Post by m2btj on Nov 20, 2017 17:13:12 GMT
Yet another one of my favoured loans repays! Unfortunately, my favoured loans are dwindling on MT & my repaid cash is struggling to find quality investment opportunities across a number of platforms.
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Liz
Member of DD Central
Posts: 2,426
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Post by Liz on Nov 20, 2017 19:07:54 GMT
Yet another one of my favoured loans repays! Unfortunately, my favoured loans are dwindling on MT & my repaid cash is struggling to find quality investment opportunities across a number of platforms. Stick it all in Bitcoin; what could possibly go wrong?
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mickj
Member of DD Central
Posts: 433
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Post by mickj on Nov 20, 2017 19:10:09 GMT
Just received email notification of repayment. Some good loans repaying recently - hopefully The Things have some suitable replacements in the pipeline for us! EDIT: funds now credited. No email here yet (7pm) thanks for heads up drgonzo
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m2btj
Member of DD Central
Posts: 626
Likes: 749
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Post by m2btj on Nov 21, 2017 8:15:34 GMT
Yet another one of my favoured loans repays! Unfortunately, my favoured loans are dwindling on MT & my repaid cash is struggling to find quality investment opportunities across a number of platforms. Stick it all in Bitcoin; what could possibly go wrong? Now that's what a call a speculative investment! I'm an old fashioned investor preferring tangible investments with LTV, security & plenty of quality DD.
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sj
Member of DD Central
Posts: 229
Likes: 330
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Post by sj on Nov 21, 2017 12:21:45 GMT
Stick it all in Bitcoin; what could possibly go wrong? ...tangible investments with LTV, security & plenty of quality DD. Indeed, what could go wrong? 
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