TitoPuente
Member of DD Central
Posts: 623 
Likes: 655
|
Post by TitoPuente on Nov 3, 2017 8:15:58 GMT
Any updates on repayment process status?
It has 10 days to run.
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Nov 3, 2017 9:14:49 GMT
Any updates on repayment process status? It has 10 days to run. Normally would expect repayment update Friday prior to redemption so could be next week.
|
|
|
|
Post by justdabbling on Nov 3, 2017 10:14:55 GMT
Email just received says that there is a 3 month extension to this loan
|
|
sjg
Member of DD Central
Posts: 67
Likes: 61
|
Post by sjg on Nov 5, 2017 13:42:27 GMT
Also a 2 month extension on BL00006. It would be nice to see why they need extensions on the loan updates page rather than this loan is being extended and no further information.
|
|
sjg
Member of DD Central
Posts: 67
Likes: 61
|
Post by sjg on Nov 23, 2017 16:54:25 GMT
Collateral Rep Gordon, pleased to see that the borrower has stumped up the readies for a three month extension, but was there anything discussed that you can share regarding progress on the exit strategy: Please / Thank you. Yes it would be nice to hear as we have had a couple of these recently with extensions and no other updates.
|
|
|
|
Post by Collateral Rep on Nov 23, 2017 18:34:45 GMT
Evening,
The exit is still to refinance but there is still work to be done, which is expected to be finished by the end of February.
Many thanks,
Gordon
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Jan 18, 2018 16:19:40 GMT
Still £1200 of this on the SM, which now ranks ahead of 2 development tranches (I've had my bite)
|
|
|
|
Post by Collateral Rep on Jan 18, 2018 16:25:49 GMT
Afternoon,
The original loan BL00008 has been extended to bring it into line with the development loan.
Many thanks,
Gordon
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jan 18, 2018 16:45:12 GMT
Still £1200 of this on the SM, which now ranks ahead of 2 development tranches (I've had my bite) Yep, BL00008 is the senior debt and now the LTV is against £175k so effectively 50% (new appraisal, was £125k / 70%). I took the last morsel but I don't think it's quite as good as that, as the £175k is the final value once works are complete according to the valuer's note. Judging by the photos, still a fair way to go.
|
|
|
|
Post by dan1 on Jan 18, 2018 16:57:20 GMT
Excuse my ignorance but why is it BL00082 as opposed to DL00082 (or whatever the next DL # is)?
|
|
|
|
Post by Collateral Rep on Jan 18, 2018 17:11:56 GMT
Hi dan1, I'll see if this can be changed, but yes it should have been a DL reference. Many thanks, Gordon |
|
|
|
Post by dan1 on Jan 18, 2018 22:13:57 GMT
Hi dan1 , I'll see if this can be changed, but yes it should have been a DL reference. Many thanks, Gordon BL00082 now DL00033, thanks Collateral Rep
|
|
